Global Payments Inc. (GPN) to Release Earnings on Thursday
Global Payments Inc. (NYSE:GPN) will post its quarterly earnings results before the market opens on Thursday, August 3rd. Analysts expect Global Payments to post earnings of $0.87 per share for the quarter. Global Payments has set its FY17 guidance at $3.78-3.95 EPS.
Global Payments (NYSE:GPN) last issued its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. Global Payments had a return on equity of 17.38% and a net margin of 6.22%. The firm had revenue of $919.76 million for the quarter, compared to analysts’ expectations of $767.09 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The business’s revenue for the quarter was up 46.9% compared to the same quarter last year. On average, analysts expect Global Payments to post $3.73 EPS for the current fiscal year and $4.41 EPS for the next fiscal year.
Shares of Global Payments Inc. (GPN) traded down 0.08% on Thursday, hitting $95.22. The stock had a trading volume of 254,037 shares. The stock has a 50 day moving average of $90.90 and a 200-day moving average of $83.86. Global Payments Inc. has a 12 month low of $64.63 and a 12 month high of $95.68. The stock has a market cap of $14.52 billion, a PE ratio of 74.92 and a beta of 1.09.
GPN has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Global Payments in a report on Monday, May 15th. Atlantic Securities initiated coverage on Global Payments in a report on Wednesday, April 12th. They issued an “overweight” rating and a $91.00 price objective for the company. Credit Suisse Group reaffirmed an “outperform” rating and issued a $97.00 price objective (up previously from $91.00) on shares of Global Payments in a report on Thursday, July 13th. Instinet reaffirmed a “reduce” rating and issued a $79.00 price objective (up previously from $70.00) on shares of Global Payments in a report on Wednesday, May 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Global Payments in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $90.28.
In other news, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $87.72, for a total value of $52,632.00. Following the transaction, the director now directly owns 42,475 shares in the company, valued at $3,725,907. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $85.00, for a total value of $4,250,000.00. Following the completion of the transaction, the director now owns 267,552 shares in the company, valued at $22,741,920. The disclosure for this sale can be found here. Insiders sold 70,702 shares of company stock worth $6,147,076 over the last 90 days. Company insiders own 0.93% of the company’s stock.
About Global Payments
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
Receive News & Ratings for Global Payments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.