Wall Street analysts expect Global Payments Inc (NYSE:GPN) to announce earnings per share (EPS) of $1.67 for the current quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Global Payments’ earnings, with the lowest EPS estimate coming in at $1.63 and the highest estimate coming in at $1.77. Global Payments reported earnings per share of $1.44 during the same quarter last year, which suggests a positive year-over-year growth rate of 16%. The business is expected to issue its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Global Payments will report full-year earnings of $6.08 per share for the current fiscal year, with EPS estimates ranging from $5.99 to $6.12. For the next fiscal year, analysts forecast that the firm will report earnings of $7.11 per share, with EPS estimates ranging from $6.95 to $7.31. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Global Payments.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.05. Global Payments had a return on equity of 20.36% and a net margin of 13.62%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company posted $1.29 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year.

A number of equities analysts recently issued reports on the company. Morgan Stanley increased their price objective on Global Payments from $128.00 to $137.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 7th. Oppenheimer raised their price objective on Global Payments from $161.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Nomura increased their target price on Global Payments from $105.00 to $120.00 and gave the company a “reduce” rating in a report on Tuesday, August 6th. Guggenheim upgraded Global Payments from a “neutral” rating to a “buy” rating in a report on Thursday, May 30th. Finally, Wells Fargo & Co increased their target price on Global Payments from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $164.74.

GPN stock traded up $2.78 on Tuesday, reaching $158.79. The company’s stock had a trading volume of 908,777 shares, compared to its average volume of 1,343,203. Global Payments has a 52 week low of $94.81 and a 52 week high of $172.20. The company has a market capitalization of $25.08 billion, a P/E ratio of 30.60, a P/E/G ratio of 1.63 and a beta of 1.01. The business has a fifty day simple moving average of $162.83. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Global Payments’s dividend payout ratio is 0.77%.

In related news, Director William I. Jacobs sold 600 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $165.05, for a total transaction of $99,030.00. Following the completion of the sale, the director now directly owns 30,188 shares in the company, valued at $4,982,529.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alan M. Silberstein sold 700 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $157.95, for a total value of $110,565.00. Following the sale, the director now owns 40,163 shares of the company’s stock, valued at $6,343,745.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,300 shares of company stock valued at $1,010,795. 0.88% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Global Payments by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 749,934 shares of the business services provider’s stock worth $77,341,000 after purchasing an additional 19,347 shares in the last quarter. Geode Capital Management LLC raised its holdings in Global Payments by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 1,969,663 shares of the business services provider’s stock worth $202,756,000 after purchasing an additional 128,466 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Global Payments by 16,237.8% in the first quarter. Pacer Advisors Inc. now owns 13,397 shares of the business services provider’s stock worth $1,829,000 after purchasing an additional 13,315 shares in the last quarter. Tealwood Asset Management Inc. bought a new position in Global Payments in the first quarter worth about $1,983,000. Finally, Retirement Systems of Alabama raised its holdings in Global Payments by 0.6% in the first quarter. Retirement Systems of Alabama now owns 73,388 shares of the business services provider’s stock worth $10,019,000 after purchasing an additional 439 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

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: Price to Earnings Ratio (PE), For Valuing Stocks

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

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