Wall Street brokerages forecast that Total System Services, Inc. (NYSE:TSS) will report earnings per share of $0.99 for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Total System Services’ earnings. The lowest EPS estimate is $0.92 and the highest is $1.05. Total System Services reported earnings of $0.82 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 20.7%. The business is expected to issue its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Total System Services will report full year earnings of $4.17 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.25. For the next financial year, analysts anticipate that the firm will report earnings of $4.70 per share, with EPS estimates ranging from $4.39 to $5.05. Zacks’ EPS averages 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 released its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. The firm had revenue of $870.61 million for the quarter, compared to the consensus estimate of $848.20 million. Total System Services had a return on equity of 26.21% and a net margin of 11.90%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS.
A number of research firms have recently issued reports on TSS. Stephens restated a “buy” rating and issued a $88.00 price target on shares of Total System Services in a research note on Wednesday, January 10th. Jefferies Group raised their price target on Total System Services from $59.00 to $73.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. BMO Capital Markets set a $102.00 price target on Total System Services and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Mizuho restated a “hold” rating and issued a $85.00 price target on shares of Total System Services in a research note on Thursday, January 4th. Finally, Wedbush restated an “outperform” rating and issued a $100.00 price target (up from $85.00) on shares of Total System Services in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $82.08.
Total System Services (TSS) opened at $88.82 on Friday. The stock has a market capitalization of $16,330.00, a price-to-earnings ratio of 26.36, a PEG ratio of 1.50 and a beta of 1.13. Total System Services has a 52 week low of $50.96 and a 52 week high of $89.92. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.12.
In other Total System Services news, Director Richard W. Ussery sold 7,546 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $88.29, for a total transaction of $666,236.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Patricia A. Watson sold 9,596 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $88.42, for a total value of $848,478.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 363,454 shares of company stock worth $30,861,562. Insiders own 2.60% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. PHH Investments Ltd. bought a new stake in Total System Services during the fourth quarter valued at about $209,000. Colonial Trust Advisors raised its holdings in Total System Services by 12.3% during the fourth quarter. Colonial Trust Advisors now owns 14,405 shares of the credit services provider’s stock valued at $1,139,000 after acquiring an additional 1,581 shares during the period. Xact Kapitalforvaltning AB raised its holdings in Total System Services by 8.0% during the fourth quarter. Xact Kapitalforvaltning AB now owns 33,039 shares of the credit services provider’s stock valued at $2,613,000 after acquiring an additional 2,449 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Total System Services by 158.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 169,269 shares of the credit services provider’s stock valued at $13,387,000 after acquiring an additional 103,877 shares during the period. Finally, We Are One Seven LLC bought a new stake in Total System Services during the fourth quarter valued at about $293,000. 74.20% of the stock is currently owned by institutional investors and hedge funds.
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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.
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