Global Payments Inc. Forecasted to Post Q1 2018 Earnings of $1.00 Per Share (GPN)
Global Payments Inc. (NYSE:GPN) – First Analysis issued their Q1 2018 earnings per share (EPS) estimates for shares of Global Payments in a report released on Friday. First Analysis analyst L. Berlin anticipates that the firm will post earnings of $1.00 per share for the quarter.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, October 5th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The firm earned $939.50 million during the quarter. Global Payments had a return on equity of 22.33% and a net margin of 8.74%. The business’s revenue for the quarter was up 52.2% compared to the same quarter last year. During the same period last year, the company posted $0.79 EPS.
A number of other research firms have also recently commented on GPN. Deutsche Bank AG reissued a “buy” rating and issued a $85.00 price target (up from $79.00) on shares of Global Payments in a report on Thursday, October 6th. Stifel Nicolaus boosted their price target on Global Payments from $75.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, October 7th. Nomura boosted their price target on Global Payments from $64.00 to $66.00 in a report on Friday, July 29th. Keefe, Bruyette & Woods boosted their price target on Global Payments from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $83.00 price target on shares of Global Payments in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $77.92.
Global Payments (NYSE:GPN) traded up 0.15% during mid-day trading on Monday, hitting $73.81. The stock had a trading volume of 1,082,494 shares. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 37.99 and a beta of 1.09. The stock’s 50-day moving average price is $75.87 and its 200-day moving average price is $74.34. Global Payments has a 12 month low of $51.29 and a 12 month high of $79.93.
Several hedge funds and other institutional investors have recently made changes to their positions in GPN. Aperio Group LLC raised its position in shares of Global Payments by 47.1% in the first quarter. Aperio Group LLC now owns 23,446 shares of the company’s stock worth $1,531,000 after buying an additional 7,507 shares in the last quarter. BlackRock Group LTD raised its position in shares of Global Payments by 2.0% in the first quarter. BlackRock Group LTD now owns 515,022 shares of the company’s stock worth $33,630,000 after buying an additional 10,310 shares in the last quarter. Palisade Capital Management LLC NJ purchased a new position in shares of Global Payments during the first quarter worth $7,167,000. Credit Agricole S A raised its position in shares of Global Payments by 20.4% in the first quarter. Credit Agricole S A now owns 58,710 shares of the company’s stock worth $3,833,000 after buying an additional 9,959 shares in the last quarter. Finally, BB&T Securities LLC raised its position in shares of Global Payments by 10.1% in the first quarter. BB&T Securities LLC now owns 6,160 shares of the company’s stock worth $402,000 after buying an additional 567 shares in the last quarter. 96.56% of the stock is currently owned by institutional investors and hedge funds.
In other news, COO David E. Mangum sold 8,400 shares of the stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $74.71, for a total value of $627,564.00. Following the transaction, the chief operating officer now directly owns 172,060 shares of the company’s stock, valued at $12,854,602.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David E. Mangum sold 88,938 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $75.07, for a total value of $6,676,575.66. Following the completion of the transaction, the insider now directly owns 172,060 shares in the company, valued at $12,916,544.20. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.05%. The ex-dividend date is Tuesday, November 8th. Global Payments’s dividend payout ratio is currently 2.06%.
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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