Global Payments Inc. (GPN) Scheduled to Post Quarterly Earnings on Wednesday
Global Payments Inc. (NYSE:GPN) is set to issue its quarterly earnings data before the market opens on Wednesday, October 5th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Global Payments has set its FY17 guidance at $3.50-3.60 EPS.
Global Payments (NYSE:GPN) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73. The business earned $747.10 million during the quarter, compared to the consensus estimate of $568.81 million. Global Payments had a return on equity of 27.99% and a net margin of 9.37%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 EPS. On average, analysts expect Global Payments to post $3.47 EPS for the current fiscal year and $4.13 EPS for the next fiscal year.
Global Payments Inc. (NYSE:GPN) opened at 76.76 on Monday. The firm has a market cap of $11.79 billion, a P/E ratio of 37.63 and a beta of 1.16. Global Payments Inc. has a 1-year low of $51.29 and a 1-year high of $79.93. The stock’s 50 day moving average price is $75.44 and its 200 day moving average price is $73.37.
In related news, Director Robert H. B. Baldwin, Jr. sold 6,500 shares of the stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $76.61, for a total value of $497,965.00. Following the completion of the sale, the director now directly owns 362,063 shares of the company’s stock, valued at approximately $27,737,646.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William I. Jacobs sold 600 shares of the stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $75.80, for a total value of $45,480.00. Following the completion of the sale, the director now directly owns 44,716 shares of the company’s stock, valued at $3,389,472.80. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in GPN. Advisor Partners LLC purchased a new stake in Global Payments during the second quarter worth $235,000. Tredje AP fonden increased its stake in Global Payments by 231.6% in the second quarter. Tredje AP fonden now owns 12,400 shares of the company’s stock worth $885,000 after buying an additional 8,660 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in Global Payments by 42.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 27,900 shares of the company’s stock worth $1,992,000 after buying an additional 8,300 shares during the period. Frontier Wealth Management LLC increased its stake in Global Payments by 35.5% in the second quarter. Frontier Wealth Management LLC now owns 4,244 shares of the company’s stock worth $303,000 after buying an additional 1,113 shares during the period. Finally, Sentry Investment Management LLC purchased a new stake in Global Payments during the second quarter worth $790,000. 96.56% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on GPN shares. Zacks Investment Research lowered Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Credit Suisse Group AG reissued a “buy” rating on shares of Global Payments in a research report on Monday, June 27th. Barclays PLC dropped their price target on Global Payments from $78.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 7th. Deutsche Bank AG reissued a “buy” rating and set a $79.00 price target (up from $72.00) on shares of Global Payments in a research report on Tuesday, July 12th. Finally, Nomura upped their price target on Global Payments from $64.00 to $66.00 in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $77.47.
About Global Payments
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Company’s North America merchant services and International merchant services segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
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