Worldpay (WP) Releases FY 2018 Earnings Guidance

Worldpay (NYSE:WP) updated its FY 2018 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.95-4.00 for the period, compared to the Thomson Reuters consensus estimate of $3.99. The company issued revenue guidance of $3.9-3.93 billion, compared to the consensus revenue estimate of $3.93 billion.Worldpay also updated its guidance to EPS.

Several equities analysts have issued reports on the stock. Stephens reissued a buy rating and issued a $97.00 price objective on shares of Worldpay in a research note on Sunday, August 12th. Raymond James reissued a buy rating and issued a $111.00 price objective on shares of Worldpay in a research note on Wednesday, August 15th. Cantor Fitzgerald boosted their price objective on shares of Worldpay from $92.00 to $100.00 and gave the company an overweight rating in a research note on Friday, August 10th. Nomura reissued a buy rating and issued a $105.00 price objective (up from $93.00) on shares of Worldpay in a research note on Sunday, August 12th. Finally, Piper Jaffray Companies reissued a hold rating and issued a $105.00 price objective on shares of Worldpay in a research note on Thursday, August 16th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $100.59.

Worldpay stock opened at $90.11 on Friday. Worldpay has a 52 week low of $68.45 and a 52 week high of $103.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $29.35 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 1.59 and a beta of 0.84.

Worldpay (NYSE:WP) last released its quarterly earnings data on Thursday, November 8th. The business services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm earned $0.90 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts forecast that Worldpay will post 3.64 EPS for the current fiscal year.

In related news, CEO Philip Jansen sold 130,908 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $92.26, for a total value of $12,077,572.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Matt Taylor sold 22,648 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $98.09, for a total transaction of $2,221,542.32. The disclosure for this sale can be found here. Insiders sold a total of 258,232 shares of company stock worth $24,772,828 over the last quarter. Insiders own 1.05% of the company’s stock.

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About Worldpay

Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.

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Earnings History and Estimates for Worldpay (NYSE:WP)

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