Wall Street brokerages predict that Global Payments Inc (NYSE:GPN) will post earnings per share of $1.41 for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Global Payments’ earnings. The highest EPS estimate is $1.44 and the lowest is $1.38. Global Payments reported earnings of $1.15 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.6%. The firm is scheduled to report its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that Global Payments will report full year earnings of $5.15 per share for the current fiscal year, with EPS estimates ranging from $5.09 to $5.18. For the next financial year, analysts forecast that the company will report earnings of $5.97 per share, with EPS estimates ranging from $5.85 to $6.05. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Global Payments.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Thursday, August 2nd. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.07. The firm had revenue of $982.50 million during the quarter, compared to analysts’ expectations of $968.75 million. Global Payments had a return on equity of 17.99% and a net margin of 14.86%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 EPS.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Global Payments from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research note on Wednesday, June 27th. Cfra restated a “hold” rating and set a $119.00 price objective on shares of Global Payments in a research note on Thursday, August 2nd. TheStreet cut Global Payments from a “b” rating to a “c” rating in a research note on Thursday, May 3rd. Morgan Stanley upped their price objective on Global Payments from $118.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Friday, May 4th. Finally, ValuEngine upgraded Global Payments from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $117.15.

Shares of NYSE GPN traded up $0.92 during mid-day trading on Tuesday, reaching $124.59. 8,943 shares of the company were exchanged, compared to its average volume of 1,061,537. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $19.67 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 1.48 and a beta of 1.13. Global Payments has a 1 year low of $92.90 and a 1 year high of $125.55.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Thursday, September 13th. Global Payments’s dividend payout ratio is presently 2.99%.

In other news, Director Robert H. B. Baldwin, Jr. sold 6,000 shares of the stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $118.18, for a total value of $709,080.00. Following the transaction, the director now directly owns 97,149 shares of the company’s stock, valued at $11,481,068.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William I. Jacobs sold 10,181 shares of the stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $119.06, for a total value of $1,212,149.86. Following the completion of the transaction, the director now directly owns 37,000 shares in the company, valued at $4,405,220. The disclosure for this sale can be found here. Insiders sold 23,981 shares of company stock worth $2,838,930 over the last three months. Corporate insiders own 0.98% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Fort L.P. acquired a new position in shares of Global Payments in the second quarter valued at about $118,000. Signet Financial Management LLC acquired a new stake in Global Payments during the second quarter worth about $134,000. Point72 Asia Hong Kong Ltd grew its holdings in Global Payments by 8,133.3% during the first quarter. Point72 Asia Hong Kong Ltd now owns 1,235 shares of the business services provider’s stock worth $138,000 after acquiring an additional 1,220 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Global Payments during the second quarter worth about $201,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Global Payments during the first quarter worth about $202,000. 96.28% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. 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, online reporting, industry compliance, and payment card industry security services.

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