Heartland Payment Systems Receives Average Rating of “Hold” from Brokerages (NYSE:HPY)
Shares of Heartland Payment Systems (NYSE:HPY) have been given an average rating of “Hold” by the nineteen analysts that are currently covering the stock, StockRatingsNetwork.com reports. Nine analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $44.82.
Shares of Heartland Payment Systems (NYSE:HPY) opened at 40.40 on Wednesday. Heartland Payment Systems has a 52-week low of $31.73 and a 52-week high of $50.44. The stock has a 50-day moving average of $39.85 and a 200-day moving average of $42.95. The company has a market cap of $1.448 billion and a P/E ratio of 20.74.
Heartland Payment Systems (NYSE:HPY) last released its earnings data on Wednesday, April 30th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.01. The company had revenue of $523.28 million for the quarter, compared to the consensus estimate of $155.85 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that Heartland Payment Systems will post $2.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 21st.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird upgraded shares of Heartland Payment Systems from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 15th. They now have a $47.00 price target on the stock. Separately, analysts at Buckingham Research reiterated a “buy” rating on shares of Heartland Payment Systems in a research note on Thursday, May 1st. They now have a $48.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Heartland Payment Systems from $38.00 to $40.00 in a research note on Thursday, May 1st.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.