Global Payments Inc. (GPN) Issues FY14 Earnings Guidance
Global Payments Inc. (NYSE:GPN) updated its FY14 earnings guidance on Tuesday. The company provided EPS guidance of $3.98-4.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.97, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $2.51-2.56 billion, compared to the consensus revenue estimate of $2.53 billion.
Shares of Global Payments Inc. (NYSE:GPN) traded down 0.74% during mid-day trading on Tuesday, hitting $50.70. 2,019,491 shares of the company’s stock traded hands. Global Payments Inc. has a one year low of $41.01 and a one year high of $51.45. The stock has a 50-day moving average of $48.91 and a 200-day moving average of $47.61. The company has a market cap of $3.832 billion and a P/E ratio of 18.51.
Global Payments (NYSE:GPN) last announced its earnings results on Tuesday, October 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.05. The company had revenue of $629.70 million for the quarter, compared to the consensus estimate of $623.79 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Analysts expect that Global Payments Inc. will post $3.94 EPS for the current fiscal year.
A number of research firms have recently commented on GPN. Analysts at Susquehanna raised their price target on shares of Global Payments (NYSE:GPN) from $46.00 to $50.00 in a research note to investors on Tuesday, September 24th. They now have a neutral rating on the stock. On a related note, analysts at JPMorgan Chase & Co. downgraded shares of Global Payments (NYSE:GPN) from an overweight rating to a neutral rating in a research note to investors on Wednesday, August 14th. They now have a $55.00 price target on the stock, up previously from $48.00. Finally, analysts at Oppenheimer upgraded shares of Global Payments (NYSE:GPN) from a market perform rating to an outperform rating in a research note to investors on Thursday, August 1st. They now have a GBX 55 ($0.89) price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $53.10.
Global Payments Inc (NYSE:GPN) is a provider of electronic payments transaction processing services for consumers, merchants, independent sales organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, the United Kingdom, Spain, the Asia-Pacific region, the Czech Republic, and the Russian Federation.
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