Equities research analysts predict that Total System Services, Inc. (NYSE:TSS) will post sales of $947.62 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Total System Services’ earnings, with the lowest sales estimate coming in at $931.85 million and the highest estimate coming in at $955.08 million. Total System Services reported sales of $1.25 billion in the same quarter last year, which indicates a negative year over year growth rate of 24.2%. The business is expected to announce its next earnings report after the market closes on Tuesday, October 23rd.
On average, analysts expect that Total System Services will report full year sales of $3.81 billion for the current year, with estimates ranging from $3.79 billion to $3.82 billion. For the next fiscal year, analysts anticipate that the business will post sales of $4.06 billion, with estimates ranging from $3.99 billion to $4.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Total System Services.
Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.04. Total System Services had a return on equity of 29.26% and a net margin of 14.39%. The firm had revenue of $956.55 million during the quarter, compared to the consensus estimate of $936.79 million. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year.
A number of equities research analysts have issued reports on TSS shares. Raymond James started coverage on Total System Services in a research report on Friday, June 15th. They set a “market perform” rating and a $35.00 price target for the company. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research report on Tuesday, June 19th. Robert W. Baird boosted their price objective on Total System Services from $98.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, July 12th. They noted that the move was a valuation call. Wolfe Research began coverage on Total System Services in a research note on Tuesday, July 17th. They set an “outperform” rating on the stock. Finally, KeyCorp boosted their price objective on Total System Services from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 25th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $92.81.
In related news, EVP Patricia A. Watson sold 15,332 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $93.30, for a total value of $1,430,475.60. Following the transaction, the executive vice president now owns 30,743 shares in the company, valued at $2,868,321.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dorenda K. Weaver sold 5,009 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $99.00, for a total value of $495,891.00. Following the completion of the transaction, the executive vice president now owns 44,358 shares in the company, valued at approximately $4,391,442. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TSS. Fort L.P. acquired a new position in shares of Total System Services in the second quarter worth about $119,000. Piedmont Investment Advisors LLC acquired a new stake in Total System Services during the second quarter valued at approximately $159,000. CENTRAL TRUST Co raised its stake in Total System Services by 187.9% during the third quarter. CENTRAL TRUST Co now owns 1,647 shares of the credit services provider’s stock valued at $163,000 after buying an additional 1,075 shares in the last quarter. Bray Capital Advisors acquired a new stake in Total System Services during the second quarter valued at approximately $177,000. Finally, Eqis Capital Management Inc. acquired a new stake in Total System Services during the second quarter valued at approximately $231,000. Institutional investors and hedge funds own 76.53% of the company’s stock.
TSS stock traded up $3.79 during trading on Monday, reaching $93.94. 1,725,383 shares of the stock traded hands, compared to its average volume of 1,275,981. Total System Services has a 52-week low of $66.63 and a 52-week high of $100.39. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.62. The company has a market cap of $18.01 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Thursday, September 20th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, September 19th. Total System Services’s dividend payout ratio (DPR) is 16.15%.
Total System Services Company Profile
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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