Global Payments (GPN) Releases Quarterly Earnings, Beats Expectations By $0.05 EPS
Global Payments (NYSE:GPN) announced its earnings results on Wednesday. The company reported $1.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.02 by $0.05, American Banking News reports. The company had revenue of $634.10 million for the quarter, compared to the consensus estimate of $624.49 million.
Global Payments (NYSE:GPN) traded down 0.74% on Wednesday, hitting $64.41. 1,611,048 shares of the company’s stock traded hands. Global Payments has a 52 week low of $43.73 and a 52 week high of $67.22. The stock has a 50-day moving average of $63.5 and a 200-day moving average of $54.51. The company has a market cap of $4.695 billion and a P/E ratio of 21.37.
Several analysts have recently commented on the stock. Analysts at Evercore Partners raised their price target on shares of Global Payments from $64.00 to $72.00 in a research note to investors on Monday. On a related note, analysts at Buckingham Research initiated coverage on shares of Global Payments in a research note to investors on Monday, December 23rd. They set a “neutral” rating on the stock. Finally, analysts at Nomura downgraded shares of Global Payments from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a $66.00 price target on the stock, up previously from $57.00. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $58.06.
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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