Global Payments (NYSE:GPN) Updates FY 2024 Earnings Guidance

Global Payments (NYSE:GPN) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 11.540-11.700 for the period, compared to the consensus EPS estimate of 11.590. The company issued revenue guidance of $9.2 billion-$9.3 billion, compared to the consensus revenue estimate of $9.2 billion. Global Payments also updated its FY24 guidance to $11.54 to $11.70 EPS.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TheStreet upgraded shares of Global Payments from a c rating to a b- rating in a research note on Thursday, February 1st. Mizuho reissued a neutral rating and set a $129.00 price target on shares of Global Payments in a report on Wednesday, March 27th. B. Riley boosted their price target on Global Payments from $180.00 to $186.00 and gave the company a buy rating in a research report on Monday, February 5th. Royal Bank of Canada increased their price objective on Global Payments from $154.00 to $172.00 and gave the stock an outperform rating in a research report on Thursday, February 15th. Finally, Susquehanna dropped their target price on Global Payments from $160.00 to $157.00 and set a positive rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $150.00.

Global Payments Trading Up 0.8 %

Shares of GPN stock traded up $0.83 on Friday, reaching $111.37. 3,191,218 shares of the stock were exchanged, compared to its average volume of 2,029,470. The firm has a 50 day moving average of $127.93 and a two-hundred day moving average of $124.72. Global Payments has a 1-year low of $95.12 and a 1-year high of $141.77. The company has a quick ratio of 0.99, a current ratio of 0.92 and a debt-to-equity ratio of 0.68. The stock has a market cap of $28.43 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 0.71 and a beta of 0.97.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.01. The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.18 billion. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. During the same quarter last year, the firm posted $2.30 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that Global Payments will post 10.94 EPS for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.90%. Global Payments’s dividend payout ratio (DPR) is currently 19.84%.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.