Analysts predict that Global Payments Inc (NYSE:GPN) will announce $1.11 billion in sales for the current quarter, Zacks reports. Twelve analysts have provided estimates for Global Payments’ earnings. The highest sales estimate is $1.12 billion and the lowest is $1.09 billion. Global Payments posted sales of $982.50 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 13%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Global Payments will report full-year sales of $4.47 billion for the current fiscal year, with estimates ranging from $4.45 billion to $4.49 billion. For the next fiscal year, analysts forecast that the firm will post sales of $4.88 billion, with estimates ranging from $4.81 billion to $4.98 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Global Payments.

Global Payments (NYSE:GPN) last issued its earnings results on Thursday, May 2nd. The business services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.12. Global Payments had a return on equity of 19.83% and a net margin of 13.69%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. Global Payments’s quarterly revenue was up 12.8% compared to the same quarter last year.

A number of equities analysts have commented on GPN shares. Zacks Investment Research upgraded Global Payments from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Nomura lifted their target price on Global Payments from $91.00 to $94.00 and gave the company a “reduce” rating in a research note on Monday, February 11th. ValuEngine upgraded Global Payments from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. restated an “outperform” rating and issued a $143.00 target price (up from $130.00) on shares of Global Payments in a research note on Thursday, February 14th. Finally, KeyCorp lifted their target price on Global Payments from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $143.10.

In other news, CEO Jeffrey Steven Sloan sold 167,545 shares of Global Payments stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $129.59, for a total transaction of $21,712,156.55. Following the sale, the chief executive officer now owns 579,207 shares of the company’s stock, valued at $75,059,435.13. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cameron M. Bready sold 34,308 shares of Global Payments stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $131.33, for a total value of $4,505,669.64. Following the sale, the insider now directly owns 138,520 shares in the company, valued at approximately $18,191,831.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 206,829 shares of company stock worth $26,881,369. Corporate insiders own 0.88% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Lunia Capital LP bought a new stake in Global Payments during the fourth quarter worth approximately $18,742,000. Massachusetts Financial Services Co. MA raised its holdings in Global Payments by 9.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,447,043 shares of the business services provider’s stock worth $561,752,000 after purchasing an additional 449,751 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Global Payments by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 4,520,530 shares of the business services provider’s stock worth $575,914,000 after purchasing an additional 581,025 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Global Payments by 7.4% during the first quarter. Janus Henderson Group PLC now owns 4,437,822 shares of the business services provider’s stock worth $605,852,000 after purchasing an additional 304,937 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Global Payments by 6.0% during the first quarter. Geode Capital Management LLC now owns 2,088,293 shares of the business services provider’s stock worth $284,568,000 after purchasing an additional 118,630 shares in the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GPN stock opened at $148.22 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.03 and a quick ratio of 1.03. Global Payments has a 52 week low of $94.81 and a 52 week high of $149.06. The company has a market capitalization of $23.07 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 1.46 and a beta of 1.20.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Global Payments’s dividend payout ratio (DPR) is presently 0.77%.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. 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, and online reporting services.

See Also: Cost of Equity For A Business, Investors

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Earnings History and Estimates for Global Payments (NYSE:GPN)

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