Global Payments Inc. (GPN) Releases FY14 Earnings Guidance
Global Payments Inc. (NYSE:GPN) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.03-4.10 for the period, compared to the Thomson Reuters consensus estimate of $4.04, AmericanBankingNews.com reports. The company issued revenue guidance of $2.51-2.56 billion, compared to the consensus revenue estimate of $2.54 billion.
Global Payments Inc. (NYSE:GPN) traded down 0.74% on Wednesday, hitting $64.41. 1,687,890 shares of the company’s stock traded hands. Global Payments Inc. has a 1-year low of $43.73 and a 1-year 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.
Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, January 8th. The company reported $1.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.02 by $0.05. The company had revenue of $634.10 million for the quarter, compared to the consensus estimate of $624.49 million. During the same quarter last year, the company posted $0.93 earnings per share. Global Payments’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that Global Payments Inc. will post $4.04 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on GPN shares. 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 assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price 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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