Total System Services Receives “In-Line” Rating from Credit Suisse (TSS)
Total System Services (NYSE:TSS)‘s stock had its “in-line” rating reaffirmed by Credit Suisse in a research note issued on Wednesday, Analyst Ratings Network reports.
The analysts wrote, “TSS reported 3Q results that adj. for a lower tax rate were in-line with our expectations, with slightly lower revenue growth offset by higher margins. Adj. for F/X, 3/4 segments performed in-line/ahead of our estimates, with Merchant Services contining to underperform. 3Q organic constant currency growth was 2.2%, up from 1.3% in 2Q, driven by 6.8% growth in NA. Recently acquired NTSP exceeded expectations. Merchant Services organic revenue declined ~3% (flat ex-BAMS) reflecting pricing pressure and customer attrition in the Indirect business. We sense a near-term turnaround in Merchant is unlikely. TSS reiterated its full year outlook. We expect the company to achieve the low end of its revenue guidance range, but exceed the top end of its adj. EPS guidance given recent margin performance. We are bumping up our 2013 adj. EPS estimate to $1.63 from $1.62 and maintaining our 14/15 estimates despite forecasting lower Merchant growth. We are bumping our TP to $34 from $30 to reflect a valuation more in-line with the peer group.”
TSS has been the subject of a number of other recent research reports. Analysts at Nomura reiterated a “neutral” rating on shares of Total System Services in a research note to investors on Wednesday. They now have a $29.00 price target on the stock, up previously from $24.00. Separately, analysts at Susquehanna raised their price target on shares of Total System Services from $30.00 to $35.00 in a research note to investors on Wednesday, October 16th. They now have a “positive” rating on the stock. Finally, analysts at Zacks downgraded shares of Total System Services from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $32.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Total System Services has an average rating of “Hold” and a consensus target price of $30.07.
Total System Services (NYSE:TSS) traded down 2.64% on Wednesday, hitting $29.84. The stock had a trading volume of 1,318,807 shares. Total System Services has a 52-week low of $21.10 and a 52-week high of $29.25. The stock has a 50-day moving average of $28.09 and a 200-day moving average of $25.16. The company has a market cap of $5.652 billion and a price-to-earnings ratio of 24.52.
Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $588.07 million for the quarter, compared to the consensus estimate of $587.13 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, analysts predict that Total System Services will post $1.71 earnings per share for the current fiscal year.
Total System Services, Inc (NYSE:TSS), is a global payment solutions provider that provides services to financial and nonfinancial institutions.
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