Analysts Expect Global Payments Inc (GPN) to Announce $1.32 Earnings Per Share

Wall Street brokerages expect that Global Payments Inc (NYSE:GPN) will report earnings per share (EPS) of $1.32 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Global Payments’ earnings. The lowest EPS estimate is $1.27 and the highest is $1.41. Global Payments reported earnings per share of $1.13 in the same quarter last year, which indicates a positive year over year growth rate of 16.8%. The company is expected to announce its next earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Global Payments will report full-year earnings of $6.04 per share for the current financial year, with EPS estimates ranging from $5.91 to $6.23. For the next fiscal year, analysts expect that the business will post earnings of $7.01 per share, with EPS estimates ranging from $6.89 to $7.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Global Payments.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, February 13th. The business services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.08. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. Global Payments had a return on equity of 19.11% and a net margin of 13.43%. Global Payments’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS.

GPN has been the subject of a number of analyst reports. Guggenheim lowered Global Payments from a “buy” rating to a “neutral” rating in a research report on Monday, November 5th. KeyCorp decreased their target price on Global Payments from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, January 2nd. Goldman Sachs Group raised Global Payments from a “neutral” rating to a “buy” rating and raised their target price for the company from $122.00 to $128.00 in a research report on Tuesday, January 8th. Zacks Investment Research lowered Global Payments from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Finally, Barclays began coverage on Global Payments in a research report on Wednesday, November 14th. They set an “overweight” rating and a $136.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $132.81.

In other news, Director Robert H. B. Baldwin, Jr. sold 3,500 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $121.49, for a total transaction of $425,215.00. Following the completion of the transaction, the director now owns 68,817 shares in the company, valued at approximately $8,360,577.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of the stock in a transaction on Monday, January 14th. The stock was sold at an average price of $110.82, for a total value of $332,460.00. Following the transaction, the director now owns 72,399 shares of the company’s stock, valued at approximately $8,023,257.18. The disclosure for this sale can be found here. Insiders have sold a total of 9,500 shares of company stock valued at $1,063,735 in the last quarter. 0.98% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of GPN. Lunia Capital LP bought a new position in Global Payments in the 4th quarter worth about $18,742,000. Boston Partners bought a new position in Global Payments in the 4th quarter worth about $122,196,000. FMR LLC boosted its stake in Global Payments by 12.5% in the 2nd quarter. FMR LLC now owns 9,712,626 shares of the business services provider’s stock worth $1,082,860,000 after purchasing an additional 1,082,153 shares during the period. Marshall Wace North America L.P. boosted its stake in Global Payments by 43.5% in the 3rd quarter. Marshall Wace North America L.P. now owns 2,162,102 shares of the business services provider’s stock worth $275,452,000 after purchasing an additional 655,495 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Global Payments by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,520,530 shares of the business services provider’s stock worth $575,914,000 after purchasing an additional 581,025 shares during the period. Institutional investors own 98.47% of the company’s stock.

NYSE GPN traded up $1.75 on Tuesday, reaching $123.30. The company had a trading volume of 1,510,225 shares, compared to its average volume of 1,539,454. The firm has a market capitalization of $19.51 billion, a P/E ratio of 23.76, a PEG ratio of 1.20 and a beta of 1.15. Global Payments has a 52-week low of $94.81 and a 52-week high of $129.25. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.20.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Global Payments’s payout ratio is 0.77%.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. 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, online reporting, industry compliance, and payment card industry security services.

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