Total System Services, Inc. (NYSE:TSS) declared a quarterly dividend on Tuesday, June 4th, RTT News reports. Investors of record on Thursday, June 20th will be given a dividend of 0.13 per share by the credit services provider on Monday, July 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Wednesday, June 19th.
Total System Services has raised its dividend payment by an average of 9.1% annually over the last three years and has increased its dividend every year for the last 2 years. Total System Services has a payout ratio of 12.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Total System Services to earn $5.28 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 9.8%.
Shares of TSS opened at $126.68 on Friday. Total System Services has a 1-year low of $75.58 and a 1-year high of $130.62. The stock has a market cap of $22.58 billion, a P/E ratio of 29.46, a P/E/G ratio of 2.26 and a beta of 0.85. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.17 and a quick ratio of 2.17.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Total System Services had a net margin of 14.63% and a return on equity of 31.25%. The company had revenue of $980.30 million during the quarter, compared to analyst estimates of $998.73 million. During the same quarter last year, the business posted $1.13 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Research analysts forecast that Total System Services will post 4.63 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Total System Services from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Guggenheim lowered shares of Total System Services from a “buy” rating to a “neutral” rating in a report on Thursday, May 30th. KeyCorp lifted their price objective on shares of Total System Services from $95.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. They noted that the move was a valuation call. BMO Capital Markets lifted their price objective on shares of Total System Services to $121.00 and gave the company a “market perform” rating in a report on Thursday, May 30th. Finally, Cowen lowered shares of Total System Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 29th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $102.47.
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About Total System Services
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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