Zacks: Analysts Expect Worldpay Inc (NYSE:WP) Will Post Quarterly Sales of $1.07 Billion

Brokerages forecast that Worldpay Inc (NYSE:WP) will post $1.07 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Worldpay’s earnings, with the highest sales estimate coming in at $1.08 billion and the lowest estimate coming in at $1.06 billion. Worldpay reported sales of $1.01 billion in the same quarter last year, which would suggest a positive year over year growth rate of 5.9%. The company is scheduled to report its next earnings results on Thursday, August 8th.

According to Zacks, analysts expect that Worldpay will report full-year sales of $4.27 billion for the current financial year, with estimates ranging from $4.23 billion to $4.30 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.65 billion, with estimates ranging from $4.59 billion to $4.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Worldpay.

Worldpay (NYSE:WP) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.10. The business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $950.37 million. Worldpay had a net margin of 3.63% and a return on equity of 11.28%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS.

A number of equities analysts recently weighed in on WP shares. JPMorgan Chase & Co. cut shares of Worldpay from an “overweight” rating to a “neutral” rating in a research report on Tuesday, March 19th. Mizuho cut shares of Worldpay from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $108.00 to $112.00 in a research report on Tuesday, March 19th. Barclays increased their price objective on shares of Worldpay from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods cut shares of Worldpay from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $105.00 to $111.00 in a research report on Tuesday, March 19th. Finally, Cowen cut shares of Worldpay from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 19th. Sixteen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $111.71.

Shares of NYSE WP traded down $0.04 during midday trading on Wednesday, reaching $128.56. 61,506 shares of the stock were exchanged, compared to its average volume of 3,069,192. The firm has a 50 day moving average of $123.40. The stock has a market cap of $40.15 billion, a PE ratio of 34.89, a P/E/G ratio of 2.10 and a beta of 0.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. Worldpay has a twelve month low of $70.41 and a twelve month high of $129.01.

Large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its stake in Worldpay by 156.6% in the first quarter. Quadrant Capital Group LLC now owns 290 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 177 shares during the period. Berman Capital Advisors LLC increased its stake in Worldpay by 131.2% in the first quarter. Berman Capital Advisors LLC now owns 326 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 185 shares during the period. CX Institutional acquired a new position in Worldpay in the first quarter valued at $38,000. Cornerstone Advisors Inc. increased its stake in Worldpay by 52.4% in the first quarter. Cornerstone Advisors Inc. now owns 384 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 132 shares during the period. Finally, Catalyst Capital Advisors LLC increased its stake in Worldpay by 28.1% in the first quarter. Catalyst Capital Advisors LLC now owns 501 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Worldpay Company Profile

Worldpay, Inc, through its subsidiary, Worldpay Holding, LLC, provides electronic payment processing services in the United States, Europe, Asia, and Australasia. It operates in two segments, Technology Solutions, Merchant Solutions, and Issuer Solutions. The company offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management.

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Earnings History and Estimates for Worldpay (NYSE:WP)

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