$0.73 EPS Expected for Total System Services, Inc. (TSS) This Quarter
Equities analysts forecast that Total System Services, Inc. (NYSE:TSS) will report earnings per share of $0.73 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Total System Services’ earnings, with estimates ranging from $0.71 to $0.74. Total System Services reported earnings per share of $0.62 during the same quarter last year, which suggests a positive year-over-year growth rate of 17.7%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, April 25th.
On average, analysts expect that Total System Services will report full year earnings of $2.95 per share for the current financial year, with EPS estimates ranging from $2.93 to $2.97. For the next year, analysts expect that the company will post earnings of $3.27 per share, with EPS estimates ranging from $3.21 to $3.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Total System Services.
Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, January 24th. The credit services provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $835.06 million. Total System Services had a return on equity of 24.32% and a net margin of 8.38%. Total System Services’s quarterly revenue was up 57.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.
Several analysts recently issued reports on TSS shares. Zacks Investment Research cut Total System Services from a “hold” rating to a “sell” rating in a research note on Friday, January 20th. Credit Suisse Group AG raised their target price on Total System Services from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 25th. BMO Capital Markets started coverage on Total System Services in a research note on Thursday, January 5th. They issued an “outperform” rating and a $62.00 target price on the stock. KeyCorp reissued an “overweight” rating and issued a $58.00 target price on shares of Total System Services in a research note on Wednesday, December 21st. Finally, Stephens raised Total System Services from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $56.00.
Shares of Total System Services (NYSE:TSS) traded up 0.22% during midday trading on Monday, reaching $53.64. The company had a trading volume of 811,517 shares. The company has a 50 day moving average of $53.24 and a 200 day moving average of $51.37. Total System Services has a one year low of $46.22 and a one year high of $56.54. The company has a market capitalization of $9.84 billion, a PE ratio of 30.95 and a beta of 1.00.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Thursday, March 23rd were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 21st. This represents a $0.40 annualized dividend and a dividend yield of 0.75%. Total System Services’s payout ratio is 23.12%.
ILLEGAL ACTIVITY NOTICE: “$0.73 EPS Expected for Total System Services, Inc. (TSS) This Quarter” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/04/20/0-73-eps-expected-for-total-system-services-inc-tss-this-quarter.html.
In other news, EVP Dorenda K. Weaver sold 4,687 shares of Total System Services stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $53.64, for a total transaction of $251,410.68. Following the completion of the transaction, the executive vice president now directly owns 43,456 shares in the company, valued at $2,330,979.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorenda K. Weaver sold 2,688 shares of Total System Services stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $50.92, for a total transaction of $136,872.96. Following the transaction, the executive vice president now owns 48,143 shares of the company’s stock, valued at $2,451,441.56. The disclosure for this sale can be found here. Insiders have sold 169,296 shares of company stock valued at $8,638,738 over the last quarter. Company insiders own 2.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Total System Services by 7.7% in the fourth quarter. FMR LLC now owns 9,777,901 shares of the credit services provider’s stock valued at $479,410,000 after buying an additional 700,099 shares during the last quarter. State Street Corp raised its position in Total System Services by 1.3% in the fourth quarter. State Street Corp now owns 6,976,482 shares of the credit services provider’s stock valued at $342,060,000 after buying an additional 87,803 shares during the last quarter. Nordea Investment Management AB raised its position in Total System Services by 15.9% in the third quarter. Nordea Investment Management AB now owns 5,031,856 shares of the credit services provider’s stock valued at $237,252,000 after buying an additional 688,748 shares during the last quarter. BlackRock Fund Advisors raised its position in Total System Services by 1.9% in the third quarter. BlackRock Fund Advisors now owns 2,775,902 shares of the credit services provider’s stock valued at $130,884,000 after buying an additional 50,469 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Total System Services by 206.1% in the third quarter. Wells Fargo & Company MN now owns 2,282,429 shares of the credit services provider’s stock valued at $107,617,000 after buying an additional 1,536,670 shares during the last quarter. Hedge funds and other institutional investors own 71.48% of the company’s stock.
About Total System Services
Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Total System Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services Inc. and related stocks with our FREE daily email newsletter.