$2.05 EPS Expected for Global Payments Inc. (NYSE:GPN) This Quarter

Analysts forecast that Global Payments Inc. (NYSE:GPNGet Rating) will announce $2.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for Global Payments’ earnings. The lowest EPS estimate is $2.00 and the highest is $2.18. Global Payments posted earnings of $1.82 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 12.6%. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Global Payments will report full-year earnings of $9.51 per share for the current fiscal year, with EPS estimates ranging from $9.39 to $9.57. For the next fiscal year, analysts expect that the company will post earnings of $11.14 per share, with EPS estimates ranging from $10.98 to $11.31. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Global Payments.

Global Payments (NYSE:GPNGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.03. Global Payments had a net margin of 11.33% and a return on equity of 8.51%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the business posted $1.69 EPS. Global Payments’s quarterly revenue was up 13.7% compared to the same quarter last year.

A number of brokerages have weighed in on GPN. BNP Paribas upgraded shares of Global Payments to an “outperform” rating in a report on Monday, January 10th. They noted that the move was a valuation call. Loop Capital lifted their price objective on shares of Global Payments from $180.00 to $196.00 in a research note on Friday, February 11th. KeyCorp decreased their price objective on shares of Global Payments from $175.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, March 28th. StockNews.com started coverage on shares of Global Payments in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Rosenblatt Securities boosted their target price on shares of Global Payments from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 11th. Five equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $190.52.

In related news, CAO David M. Sheffield sold 1,006 shares of the business’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $132.55, for a total value of $133,345.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William I. Jacobs sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $145.83, for a total value of $72,915.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,506 shares of company stock worth $345,025 in the last 90 days. 1.19% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in Global Payments by 3.5% in the fourth quarter. State Street Corp now owns 11,472,284 shares of the business services provider’s stock worth $1,550,823,000 after purchasing an additional 387,950 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Global Payments by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 4,766,200 shares of the business services provider’s stock worth $642,546,000 after acquiring an additional 208,681 shares during the period. Boston Partners grew its position in shares of Global Payments by 68.2% in the 4th quarter. Boston Partners now owns 4,705,549 shares of the business services provider’s stock valued at $636,935,000 after acquiring an additional 1,908,708 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Global Payments by 1,412.9% during the 3rd quarter. Nordea Investment Management AB now owns 4,321,589 shares of the business services provider’s stock worth $692,794,000 after buying an additional 4,035,932 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Global Payments by 2,266.8% in the 4th quarter. Victory Capital Management Inc. now owns 2,895,022 shares of the business services provider’s stock valued at $391,349,000 after buying an additional 2,772,706 shares in the last quarter. 84.90% of the stock is currently owned by institutional investors.

NYSE GPN opened at $136.21 on Tuesday. The company has a market capitalization of $38.37 billion, a P/E ratio of 41.53, a P/E/G ratio of 0.86 and a beta of 1.06. The company has a fifty day moving average of $136.56 and a 200-day moving average of $139.27. Global Payments has a 52-week low of $116.75 and a 52-week high of $220.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.06 and a current ratio of 1.06.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, March 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. Global Payments’s dividend payout ratio (DPR) is presently 30.49%.

About Global Payments (Get Rating)

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

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