Alliance Data Systems Co. Plans Quarterly Dividend of $0.52 (ADS)
Alliance Data Systems Co. (NYSE:ADS) announced a quarterly dividend on Thursday, April 20th. Shareholders of record on Monday, May 15th will be paid a dividend of 0.52 per share by the business services provider on Monday, June 19th. This represents a $2.08 annualized dividend and a yield of 0.86%.
Alliance Data Systems has a payout ratio of 11.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Alliance Data Systems to earn $21.18 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 9.8%.
Shares of Alliance Data Systems (NYSE:ADS) opened at 240.64 on Thursday. Alliance Data Systems has a 12 month low of $185.02 and a 12 month high of $254.94. The firm has a 50-day moving average price of $244.96 and a 200 day moving average price of $228.93. The company has a market cap of $13.46 billion, a P/E ratio of 32.78 and a beta of 1.65.
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Alliance Data Systems (NYSE:ADS) last issued its earnings results on Thursday, April 20th. The business services provider reported $3.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.86 by $0.05. The business earned $1.88 billion during the quarter, compared to analyst estimates of $1.81 billion. Alliance Data Systems had a return on equity of 54.59% and a net margin of 7.23%. Alliance Data Systems’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.84 EPS. Equities analysts predict that Alliance Data Systems will post $18.49 earnings per share for the current year.
ADS has been the subject of a number of research analyst reports. Barclays PLC reaffirmed a “buy” rating on shares of Alliance Data Systems in a research report on Sunday, January 29th. TheStreet lowered Alliance Data Systems from a “b-” rating to a “c” rating in a research report on Thursday, January 26th. Zacks Investment Research lowered Alliance Data Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. Oppenheimer Holdings Inc. initiated coverage on Alliance Data Systems in a research report on Tuesday, April 11th. They set an “underperform” rating and a $185.00 target price for the company. Finally, Raymond James Financial, Inc. lowered Alliance Data Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 26th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $235.59.
In other Alliance Data Systems news, insider Valueact Capital Master Fund, bought 57,400 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The shares were purchased at an average cost of $218.56 per share, for a total transaction of $12,545,344.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Roger H. Ballou sold 648 shares of the business’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $225.71, for a total value of $146,260.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 477,600 shares of company stock worth $108,498,272 and have sold 6,882 shares worth $1,685,575. 2.50% of the stock is owned by insiders.
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About Alliance Data Systems
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. The Company offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs.
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