$1.67 Earnings Per Share Expected for Global Payments Inc (NYSE:GPN) This Quarter

Brokerages expect that Global Payments Inc (NYSE:GPN) will announce earnings of $1.67 per share for the current quarter, Zacks reports. Twelve analysts have made estimates for Global Payments’ earnings, with estimates ranging from $1.63 to $1.77. Global Payments posted earnings of $1.44 per share during the same quarter last year, which indicates a positive year over year growth rate of 16%. The firm is expected to issue its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that Global Payments will report full year earnings of $6.08 per share for the current financial year, with EPS estimates ranging from $5.99 to $6.12. For the next year, analysts forecast that the firm will report earnings of $7.11 per share, with EPS estimates ranging from $6.95 to $7.31. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Global Payments.

Global Payments (NYSE:GPN) last announced its earnings results on Tuesday, July 30th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Global Payments had a net margin of 13.62% and a return on equity of 20.36%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 EPS.

A number of equities analysts have commented on GPN shares. Wedbush upped their target price on shares of Global Payments from $168.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. upped their target price on shares of Global Payments from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. BMO Capital Markets downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $164.00 to $173.00 in a research note on Wednesday, May 29th. Zacks Investment Research upgraded shares of Global Payments from a “sell” rating to a “hold” rating and set a $163.00 target price on the stock in a research note on Tuesday, May 7th. Finally, Barclays upped their target price on shares of Global Payments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $164.74.

Shares of NYSE GPN traded up $1.68 during mid-day trading on Tuesday, hitting $161.16. 93,254 shares of the company’s stock traded hands, compared to its average volume of 1,769,561. The company’s 50-day moving average is $162.59 and its two-hundred day moving average is $145.85. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $24.87 billion, a P/E ratio of 31.05, a PEG ratio of 1.61 and a beta of 1.01. Global Payments has a 1 year low of $94.81 and a 1 year high of $172.20.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Global Payments’s payout ratio is 0.77%.

In related news, Director Alan M. Silberstein sold 700 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $156.18, for a total transaction of $109,326.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William I. Jacobs sold 600 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $165.05, for a total transaction of $99,030.00. Following the sale, the director now directly owns 30,188 shares of the company’s stock, valued at approximately $4,982,529.40. The disclosure for this sale can be found here. Insiders have sold 7,000 shares of company stock valued at $1,120,121 in the last three months. 0.88% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Berman Capital Advisors LLC raised its holdings in shares of Global Payments by 62.2% in the second quarter. Berman Capital Advisors LLC now owns 386 shares of the business services provider’s stock worth $61,000 after buying an additional 148 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of Global Payments by 6.4% in the first quarter. Stephens Investment Management Group LLC now owns 53,565 shares of the business services provider’s stock worth $7,313,000 after buying an additional 3,214 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Global Payments by 2.1% in the first quarter. GHP Investment Advisors Inc. now owns 30,785 shares of the business services provider’s stock worth $4,203,000 after buying an additional 635 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Global Payments by 2.1% in the first quarter. Wetherby Asset Management Inc. now owns 10,635 shares of the business services provider’s stock worth $1,452,000 after acquiring an additional 221 shares during the period. Finally, Conning Inc. increased its stake in shares of Global Payments by 3.7% in the first quarter. Conning Inc. now owns 2,510 shares of the business services provider’s stock worth $343,000 after acquiring an additional 90 shares during the period. 98.21% of the stock is owned by institutional investors.

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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