Analysts Expect Total System Services, Inc. (TSS) Will Post Quarterly Sales of $1.21 Billion
Equities analysts expect that Total System Services, Inc. (NYSE:TSS) will announce $1.21 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Total System Services’ earnings. The highest sales estimate is $1.22 billion and the lowest is $1.21 billion. Total System Services reported sales of $1.09 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 11%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, July 25th.
On average, analysts expect that Total System Services will report full-year sales of $1.21 billion for the current financial year, with estimates ranging from $4.81 billion to $4.83 billion. For the next year, analysts anticipate that the business will post sales of $5.09 billion per share, with estimates ranging from $5.07 billion to $5.11 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Total System Services.
Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, April 25th. The credit services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. Total System Services had a net margin of 7.86% and a return on equity of 25.16%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company posted $0.66 EPS. The company’s revenue was up 62.3% on a year-over-year basis.
Several research firms have commented on TSS. BidaskClub raised shares of Total System Services from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Mizuho initiated coverage on shares of Total System Services in a research note on Tuesday, June 27th. They issued a “neutral” rating and a $63.00 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of Total System Services in a research note on Thursday, July 13th. Finally, Barclays PLC lifted their target price on shares of Total System Services from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, May 25th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $61.89.
Total System Services (TSS) opened at 61.57 on Friday. The firm has a market capitalization of $11.33 billion, a PE ratio of 33.96 and a beta of 1.12. The firm has a 50-day moving average of $59.33 and a 200 day moving average of $55.71. Total System Services has a 12 month low of $46.22 and a 12 month high of $61.90.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 22nd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Tuesday, June 20th. Total System Services’s payout ratio is currently 22.10%.
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In other news, Chairman M Troy Woods sold 6,500 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $57.30, for a total transaction of $372,450.00. Following the sale, the chairman now owns 285,966 shares in the company, valued at approximately $16,385,851.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard W. Ussery sold 48,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the sale, the director now owns 219,968 shares in the company, valued at approximately $13,019,905.92. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in TSS. Russell Investments Group Ltd. acquired a new stake in shares of Total System Services during the fourth quarter worth approximately $1,805,000. Federated Investors Inc. PA boosted its stake in shares of Total System Services by 11.0% in the fourth quarter. Federated Investors Inc. PA now owns 3,935 shares of the credit services provider’s stock worth $193,000 after buying an additional 391 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of Total System Services during the fourth quarter worth approximately $785,000. Kentucky Retirement Systems acquired a new stake in shares of Total System Services during the fourth quarter worth approximately $589,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Total System Services during the fourth quarter worth approximately $263,000. Hedge funds and other institutional investors own 75.17% of the company’s stock.
About Total System Services
Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.
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