Global Payments (NYSE:GPN) Posts Quarterly Earnings Results

Global Payments (NYSE:GPN) announced its quarterly earnings results on Wednesday. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.51 by $0.11, Briefing.com reports. Global Payments had a net margin of 10.59% and a return on equity of 9.05%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business earned $1.33 earnings per share. Global Payments’s revenue was up 125.7% compared to the same quarter last year. Global Payments updated its FY 2020
Pre-Market guidance to 7.43-7.62 EPS and its FY20 guidance to $7.43 to $7.62 EPS.

NYSE:GPN traded up $2.83 during trading hours on Friday, reaching $205.56. 46,262 shares of the company’s stock were exchanged, compared to its average volume of 1,525,887. The company has a market capitalization of $61.50 billion, a P/E ratio of 82.57, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00. Global Payments has a 12 month low of $120.20 and a 12 month high of $206.18. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The business’s 50-day simple moving average is $194.12 and its two-hundred day simple moving average is $174.32.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Thursday, March 12th. This is a positive change from Global Payments’s previous quarterly dividend of $0.01. Global Payments’s dividend payout ratio (DPR) is currently 15.03%.

Several brokerages have commented on GPN. Wedbush raised their price target on shares of Global Payments from $185.00 to $218.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Cfra raised their price target on shares of Global Payments from $184.00 to $215.00 and gave the company a “hold” rating in a research note on Wednesday. SunTrust Banks raised their price target on shares of Global Payments from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday. William Blair restated an “outperform” rating on shares of Global Payments in a research note on Thursday, October 17th. Finally, BMO Capital Markets raised their price target on shares of Global Payments from $162.00 to $186.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have assigned a buy rating to the stock. Global Payments has a consensus rating of “Buy” and an average price target of $205.53.

In other Global Payments news, Director Joia M. Johnson bought 560 shares of Global Payments stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average cost of $178.45 per share, for a total transaction of $99,932.00. Following the completion of the acquisition, the director now owns 2,347 shares of the company’s stock, valued at approximately $418,822.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $193.70, for a total transaction of $116,220.00. Following the sale, the director now owns 26,588 shares of the company’s stock, valued at $5,150,095.60. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

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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Earnings History for Global Payments (NYSE:GPN)

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