Global Payments Inc. Declares Quarterly Dividend of $0.02 (GPN)
Global Payments (NYSE:GPN) declared a quarterly dividend on Monday, February 3rd, AnalystRatingsNetwork reports. Investors of record on Friday, February 14th will be given a dividend of 0.02 per share on Friday, February 28th. This represents a $0.08 dividend on an annualized basis and a yield of 0.12%.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Global Payments from $72.00 to $75.00 in a research note to investors on Thursday, January 9th. On the ratings front, analysts at Sterne Agee raised their price target on shares of Global Payments from $73.00 to $75.00 in a research note to investors on Thursday, January 9th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Global Payments from $65.00 to $78.00 in a research note to investors on Thursday, January 9th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Global Payments currently has an average rating of “Hold” and an average target price of $61.76.
Shares of Global Payments (NYSE:GPN) opened at 66.09 on Monday. Global Payments has a 52-week low of $43.73 and a 52-week high of $70.32. The stock has a 50-day moving average of $66.05 and a 200-day moving average of $56.97. The company has a market cap of $4.753 billion and a price-to-earnings ratio of 21.03.
Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $1.07 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Global Payments will post $4.09 earnings per share for the current fiscal year.
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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