Global Payments (NYSE:GPN) issued an update on its FY21 earnings guidance on Tuesday morning. The company provided EPS guidance of $7.87 to $8.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.96. The company issued revenue guidance of $7.550 billion to $7.625 billion, compared to the consensus revenue estimate of $7.57 billion.Global Payments also updated its FY 2021 guidance to 7.870-8.070 EPS.
Shares of NYSE:GPN traded down $6.97 during midday trading on Tuesday, reaching $205.50. 1,740,292 shares of the company traded hands, compared to its average volume of 1,596,689. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.30. Global Payments has a 12 month low of $153.33 and a 12 month high of $220.81. The firm has a market capitalization of $60.64 billion, a price-to-earnings ratio of 122.32, a price-to-earnings-growth ratio of 1.81 and a beta of 1.16. The firm’s fifty day moving average price is $211.61 and its two-hundred day moving average price is $197.55.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Tuesday, May 4th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.15. Global Payments had a return on equity of 6.46% and a net margin of 6.75%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company posted $1.58 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts forecast that Global Payments will post 6.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, March 12th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Thursday, March 11th. Global Payments’s payout ratio is currently 13.31%.
Global Payments declared that its board has approved a share repurchase plan on Monday, February 8th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the business services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of research firms have commented on GPN. Deutsche Bank Aktiengesellschaft upped their price target on Global Payments from $207.00 to $235.00 and gave the company a buy rating in a research report on Monday. Raymond James decreased their target price on Global Payments from $206.00 to $205.00 and set an outperform rating for the company in a research report on Wednesday, February 3rd. Morgan Stanley increased their target price on Global Payments from $197.00 to $209.00 and gave the stock an equal weight rating in a research report on Wednesday, April 28th. Rosenblatt Securities increased their target price on Global Payments from $235.00 to $238.00 and gave the stock a buy rating in a research report on Monday, April 26th. Finally, Sanford C. Bernstein reissued an outperform rating and issued a $214.00 target price on shares of Global Payments in a research report on Wednesday, January 27th. Five equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $213.14.
In other news, Director William I. Jacobs sold 500 shares of the firm’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $198.07, for a total value of $99,035.00. Following the transaction, the director now directly owns 21,893 shares in the company, valued at approximately $4,336,346.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director M Troy Woods sold 75,727 shares of the firm’s stock in a transaction on Tuesday, February 23rd. The stock was sold at an average price of $194.65, for a total value of $14,740,260.55. Over the last quarter, insiders have sold 117,645 shares of company stock worth $23,231,757. Company insiders own 0.88% of the company’s stock.
About Global Payments
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions. The Merchant Solutions segment 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 on-line reporting services.
Further Reading: What is a Buy-Side Analyst?
Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.