Total System Services Inc. (TSS) Updates FY14 Earnings Guidance
Total System Services Inc. (NYSE:TSS) updated its FY14 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.90-1.93 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.01, Analyst Ratings.Net reports. The company issued revenue guidance of $2.491-2.542 billion, compared to the consensus revenue estimate of $2.54 billion.
A number of analysts have recently weighed in on TSS shares. Analysts at Goldman Sachs Group Inc. upgraded shares of Total System Services from a sell rating to a neutral rating in a research note to investors on Thursday, January 23rd. They now have a $31.00 price target on the stock, up previously from $27.00. On a related note, analysts at Barclays raised their price target on shares of Total System Services from $35.00 to $38.00 in a research note to investors on Tuesday, January 21st. They now have an overweight rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Total System Services from a neutral rating to a buy rating in a research note to investors on Monday, December 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. Total System Services has an average rating of Buy and an average price target of $33.69.
Total System Services Inc. (NYSE:TSS) traded up 0.92% on Tuesday, hitting $30.58. The stock had a trading volume of 1,538,345 shares. Total System Services Inc. has a 52 week low of $21.53 and a 52 week high of $33.44. The stock’s 50-day moving average is $32.33 and its 200-day moving average is $29.78. The company has a market cap of $5.803 billion and a price-to-earnings ratio of 23.90.
Total System Services (NYSE:TSS) last released its earnings data on Tuesday, January 28th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.03. The company had revenue of $600.80 million for the quarter, compared to the consensus estimate of $615.80 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. Analysts expect that Total System Services Inc. will post $1.72 EPS 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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