Global Payments (GPN) Set to Announce Earnings on Wednesday

Global Payments (NYSE:GPN) is scheduled to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Global Payments to post earnings of $2.41 per share for the quarter. Global Payments has set its FY24 guidance at $11.54-$11.70 EPS and its FY 2024 guidance at 11.540-11.700 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Global Payments (NYSE:GPN) last announced 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. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the firm earned $2.30 EPS. Global Payments’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts expect Global Payments to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Global Payments Stock Performance

NYSE GPN opened at $124.57 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.67. Global Payments has a fifty-two week low of $95.12 and a fifty-two week high of $141.77. The business has a fifty day moving average of $129.19 and a 200-day moving average of $124.79. The stock has a market cap of $31.78 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 0.80 and a beta of 0.96.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, March 14th. Global Payments’s payout ratio is 26.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Susquehanna lifted their price target on shares of Global Payments from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Thursday, February 15th. KeyCorp lifted their target price on shares of Global Payments from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Mizuho reiterated a “neutral” rating and issued a $129.00 price target on shares of Global Payments in a report on Wednesday, March 27th. BMO Capital Markets decreased their price objective on Global Payments from $138.00 to $137.00 and set a “market perform” rating on the stock in a report on Thursday, February 15th. Finally, UBS Group lifted their price objective on Global Payments from $130.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $151.92.

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.