Brokerages Expect Global Payments Inc (NYSE:GPN) to Announce $1.67 EPS

Equities analysts expect Global Payments Inc (NYSE:GPN) to post earnings per share of $1.67 for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Global Payments’ earnings. The highest EPS estimate is $1.69 and the lowest is $1.62. Global Payments reported earnings per share of $1.44 in the same quarter last year, which would suggest a positive year-over-year growth rate of 16%. The company is expected to announce its next earnings results before the market opens on Thursday, October 31st.

On average, analysts expect that Global Payments will report full-year earnings of $6.10 per share for the current year, with EPS estimates ranging from $6.05 to $6.17. For the next year, analysts forecast that the company will report earnings of $7.12 per share, with EPS estimates ranging from $7.01 to $7.29. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Global Payments.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.05. Global Payments had a net margin of 13.62% and a return on equity of 20.36%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the business earned $1.29 earnings per share. Global Payments’s revenue was up 13.4% compared to the same quarter last year.

A number of research firms have recently commented on GPN. Oppenheimer raised their price objective on shares of Global Payments from $161.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Co raised their price objective on shares of Global Payments from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Robert W. Baird raised their price objective on shares of Global Payments from $188.00 to $203.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Susquehanna Bancshares set a $200.00 price objective on shares of Global Payments and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Goldman Sachs Group restated a “buy” rating and issued a $212.00 price objective on shares of Global Payments in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $173.36.

In related news, Director Ruth Ann Marshall sold 5,000 shares of Global Payments stock in a transaction on Friday, August 9th. The shares were sold at an average price of $160.24, for a total value of $801,200.00. Following the sale, the director now owns 43,677 shares in the company, valued at $6,998,802.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Silberstein sold 700 shares of Global Payments stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $156.18, for a total transaction of $109,326.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,410 shares of company stock worth $5,672,260. 0.88% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ boosted its holdings in Global Payments by 2.1% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 20,841 shares of the business services provider’s stock valued at $3,337,000 after acquiring an additional 435 shares in the last quarter. First Hawaiian Bank bought a new stake in shares of Global Payments during the 3rd quarter valued at $1,642,000. Berman Capital Advisors LLC boosted its holdings in shares of Global Payments by 62.2% during the 2nd quarter. Berman Capital Advisors LLC now owns 386 shares of the business services provider’s stock valued at $61,000 after buying an additional 148 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Global Payments by 123.4% during the 2nd quarter. Advisory Services Network LLC now owns 277 shares of the business services provider’s stock valued at $45,000 after buying an additional 153 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Global Payments by 27.9% during the 2nd quarter. Bank of Montreal Can now owns 268,719 shares of the business services provider’s stock valued at $43,030,000 after buying an additional 58,595 shares in the last quarter. Institutional investors and hedge funds own 97.09% of the company’s stock.

Shares of GPN stock traded up $4.97 during trading hours on Monday, reaching $161.24. The stock had a trading volume of 1,259,186 shares, compared to its average volume of 1,560,228. The stock’s fifty day simple moving average is $162.81 and its 200 day simple moving average is $157.03. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.20. Global Payments has a 12 month low of $94.81 and a 12 month high of $175.95. The firm has a market capitalization of $24.31 billion, a PE ratio of 31.07, a PEG ratio of 1.58 and a beta of 1.00.

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Thursday, September 12th. Global Payments’s payout ratio is 0.77%.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.

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