Analysts Anticipate Worldpay Inc (WP) Will Post Earnings of $0.95 Per Share

Wall Street analysts expect that Worldpay Inc (NYSE:WP) will announce $0.95 earnings per share for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Worldpay’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.93. Worldpay posted earnings of $0.83 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.5%. The firm is scheduled to report its next quarterly earnings report on Wednesday, August 8th.

According to Zacks, analysts expect that Worldpay will report full-year earnings of $3.79 per share for the current financial year, with EPS estimates ranging from $3.75 to $3.85. For the next fiscal year, analysts expect that the company will post earnings of $4.47 per share, with EPS estimates ranging from $4.30 to $4.73. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Worldpay.

Worldpay (NYSE:WP) last issued its earnings results on Thursday, May 10th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.04. The business had revenue of $850.70 million for the quarter, compared to analyst estimates of $838.22 million. Worldpay had a net margin of 0.09% and a return on equity of 20.14%. Worldpay’s revenue was up 81.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share.

Several brokerages recently issued reports on WP. Cantor Fitzgerald reissued a “buy” rating and set a $92.00 target price on shares of Worldpay in a research note on Thursday, May 10th. Raymond James began coverage on shares of Worldpay in a research note on Friday, June 15th. They set a “strong-buy” rating and a $98.00 target price on the stock. Guggenheim reissued a “buy” rating and set a $93.00 target price on shares of Worldpay in a research note on Tuesday, March 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Worldpay in a research note on Tuesday, March 6th. Finally, Nomura raised their price objective on shares of Worldpay to $93.00 and gave the company a “buy” rating in a research note on Wednesday, March 7th. Seven analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Worldpay presently has a consensus rating of “Buy” and an average price target of $85.67.

NYSE WP traded up $0.93 on Thursday, hitting $81.60. 1,590,563 shares of the company were exchanged, compared to its average volume of 3,250,814. The firm has a market cap of $14.60 billion, a PE ratio of 26.32, a P/E/G ratio of 1.50 and a beta of 0.55. Worldpay has a 12 month low of $59.10 and a 12 month high of $86.06. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.74.

In related news, CFO Stephanie Ferris sold 7,790 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $80.92, for a total transaction of $630,366.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles Drucker sold 85,000 shares of the firm’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $82.20, for a total transaction of $6,987,000.00. The disclosure for this sale can be found here. Insiders have sold 143,493 shares of company stock valued at $11,730,899 in the last 90 days. 1.05% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of WP. Navellier & Associates Inc purchased a new position in shares of Worldpay in the fourth quarter worth about $3,503,000. Quantitative Investment Management LLC purchased a new position in shares of Worldpay in the fourth quarter worth about $9,693,000. Macquarie Group Ltd. purchased a new position in shares of Worldpay in the fourth quarter worth about $8,429,000. Global X Management Co. LLC purchased a new position in shares of Worldpay in the first quarter worth about $580,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Worldpay in the first quarter worth about $367,585,000.

About Worldpay

Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.

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