Total System Services, Inc. (TSS) Expected to Post Quarterly Sales of $1.22 Billion

Equities analysts predict that Total System Services, Inc. (NYSE:TSS) will report sales of $1.22 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Total System Services’ earnings. Total System Services reported sales of $1.13 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The company is scheduled to report its next earnings report on Tuesday, January 23rd.

According to Zacks, analysts expect that Total System Services will report full year sales of $1.22 billion for the current fiscal year, with estimates ranging from $4.87 billion to $4.88 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.15 billion per share, with estimates ranging from $5.13 billion to $5.16 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Total System Services.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. Total System Services had a net margin of 9.32% and a return on equity of 21.33%. The firm had revenue of $852.80 million during the quarter, compared to analyst estimates of $842.30 million. During the same period last year, the firm posted $0.71 EPS. Total System Services’s revenue was up 8.0% on a year-over-year basis.

TSS has been the topic of several research reports. Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Wednesday, August 30th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Total System Services in a report on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $69.00 price target (up previously from $67.00) on shares of Total System Services in a report on Wednesday, July 26th. Cowen and Company reiterated a “buy” rating and issued a $67.00 price target on shares of Total System Services in a report on Thursday, September 7th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Total System Services in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $69.36.

Total System Services (NYSE:TSS) opened at $73.41 on Wednesday. Total System Services has a fifty-two week low of $47.01 and a fifty-two week high of $73.84. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $13,297.60, a P/E ratio of 23.03, a P/E/G ratio of 1.77 and a beta of 1.11.

A number of hedge funds have recently made changes to their positions in TSS. Dimensional Fund Advisors LP lifted its holdings in Total System Services by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 882,268 shares of the credit services provider’s stock valued at $47,165,000 after purchasing an additional 11,379 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Total System Services by 7.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,488 shares of the credit services provider’s stock worth $494,000 after acquiring an additional 590 shares during the period. Chevy Chase Trust Holdings Inc. raised its holdings in shares of Total System Services by 0.3% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 142,688 shares of the credit services provider’s stock worth $8,311,000 after acquiring an additional 433 shares during the period. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Total System Services by 507.5% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 26,802 shares of the credit services provider’s stock worth $1,561,000 after acquiring an additional 22,390 shares during the period. Finally, OLD National Bancorp IN raised its holdings in shares of Total System Services by 0.6% during the 2nd quarter. OLD National Bancorp IN now owns 3,882 shares of the credit services provider’s stock worth $226,000 after acquiring an additional 25 shares during the period. Institutional investors own 76.93% of the company’s stock.

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About Total System Services

Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.

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Earnings History and Estimates for Total System Services (NYSE:TSS)

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