Analysts predict that Global Payments Inc (NYSE:GPN) will post sales of $939.84 million for the current quarter, according to Zacks. Twelve analysts have issued estimates for Global Payments’ earnings. The highest sales estimate is $950.58 million and the lowest is $916.70 million. The firm is expected to report its next earnings report on Monday, January 1st.
On average, analysts expect that Global Payments will report full-year sales of $939.84 million for the current fiscal year, with estimates ranging from $3.50 billion to $3.53 billion. For the next year, analysts anticipate that the company will post sales of $4.00 billion per share, with estimates ranging from $3.98 billion to $4.11 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Global Payments.
Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.03 by $0.12. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS.
GPN has been the topic of a number of research analyst reports. Nomura restated a “sell” rating and issued a $83.00 target price on shares of Global Payments in a research note on Monday, October 16th. Morgan Stanley upped their target price on shares of Global Payments from $98.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $108.00 target price (up from $103.00) on shares of Global Payments in a research note on Thursday, November 9th. Zacks Investment Research cut shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Oppenheimer upped their price target on shares of Global Payments from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $104.76.
Shares of Global Payments (NYSE:GPN) traded up $1.83 during mid-day trading on Thursday, reaching $108.01. 1,077,128 shares of the company’s stock were exchanged, compared to its average volume of 1,030,000. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $17,190.00, a P/E ratio of 61.37, a P/E/G ratio of 1.67 and a beta of 1.11. Global Payments has a twelve month low of $75.88 and a twelve month high of $108.06.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s payout ratio is 2.27%.
In related news, Director Alan M. Silberstein sold 600 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $106.05, for a total transaction of $63,630.00. Following the completion of the sale, the director now owns 44,293 shares of the company’s stock, valued at $4,697,272.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 3,600 shares of company stock valued at $366,270 in the last three months. 0.93% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Sun Life Financial INC raised its holdings in shares of Global Payments by 15,728.6% in the second quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after buying an additional 1,101 shares during the last quarter. Intellectus Partners LLC purchased a new position in shares of Global Payments in the second quarter worth $128,000. Commonwealth Bank of Australia raised its holdings in shares of Global Payments by 13.6% in the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after buying an additional 176 shares during the last quarter. Stephens Inc. AR purchased a new position in shares of Global Payments in the second quarter worth $143,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Global Payments by 28.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,819 shares of the business services provider’s stock worth $164,000 after buying an additional 400 shares during the last quarter. 98.82% of the stock is owned by institutional investors.
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About Global Payments
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
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