Heartland Payment Systems Given Average Recommendation of “Hold” by Analysts (NYSE:HPY)
Heartland Payment Systems (NYSE:HPY) has received a consensus rating of “Hold” from the sixteen brokerages that are presently covering the company, AnalystRatingsNetwork reports. Nine research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $47.64.
Heartland Payment Systems (NYSE:HPY) opened at 48.17 on Monday. Heartland Payment Systems has a one year low of $36.73 and a one year high of $50.44. The stock has a 50-day moving average of $45.54 and a 200-day moving average of $42.20. The company has a market cap of $1.733 billion and a P/E ratio of 25.00.
Heartland Payment Systems (NYSE:HPY) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.03. The company had revenue of $159.40 million for the quarter, compared to the consensus estimate of $160.84 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Heartland Payment Systems will post $2.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, August 25th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, August 21st.
A number of research firms have recently commented on HPY. Analysts at Keefe, Bruyette & Woods upgraded shares of Heartland Payment Systems from a “market perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $56.00 price target on the stock, up previously from $51.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Heartland Payment Systems in a research note on Wednesday, August 13th. They now have a $50.00 price target on the stock, up previously from $46.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Heartland Payment Systems in a research note on Tuesday, August 5th. They now have a $47.00 price target on the stock, up previously from $43.00.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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