Total System Services, Inc. (NYSE:TSS) to Post Q2 2018 Earnings of $0.90 Per Share, First Analysis Forecasts
Total System Services, Inc. (NYSE:TSS) – Equities research analysts at First Analysis issued their Q2 2018 EPS estimates for Total System Services in a research note issued to investors on Wednesday. First Analysis analyst L. Berlin forecasts that the credit services provider will post earnings per share of $0.90 for the quarter. First Analysis has a “Equal Weight” rating and a $63.00 price objective on the stock.
TSS has been the subject of a number of other reports. Northcoast Research started coverage on shares of Total System Services in a report on Friday, June 30th. They set a “neutral” rating for the company. BidaskClub cut shares of Total System Services from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Goldman Sachs Group, Inc. (The) raised shares of Total System Services from a “neutral” rating to a “buy” rating in a report on Monday, May 15th. Stifel Nicolaus set a $65.00 target price on shares of Total System Services and gave the company a “buy” rating in a report on Wednesday, April 26th. Finally, Pacific Crest reaffirmed an “overweight” rating and set a $58.00 target price on shares of Total System Services in a report on Monday, April 24th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $63.00.
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Shares of Total System Services (TSS) traded down 1.02% during mid-day trading on Thursday, reaching $63.37. 530,809 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $59.72 and a 200-day moving average price of $56.02. Total System Services has a one year low of $46.22 and a one year high of $64.94. The stock has a market cap of $11.66 billion, a PE ratio of 34.95 and a beta of 1.12.
Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.05. The business had revenue of $844.07 million for the quarter, compared to analysts’ expectations of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.98%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 29th will be given a dividend of $0.13 per share. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.81%. Total System Services’s dividend payout ratio is currently 19.51%.
In related news, Director Richard W. Ussery sold 48,000 shares of the company’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 completion of the transaction, the director now owns 219,968 shares in the company, valued at $13,019,905.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman M Troy Woods sold 6,500 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $57.30, for a total transaction of $372,450.00. Following the transaction, the chairman now owns 285,966 shares of the company’s stock, valued at approximately $16,385,851.80. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Total System Services during the first quarter worth $169,000. Doyle Wealth Management acquired a new stake in Total System Services during the second quarter worth about $205,000. Pacer Advisors Inc. increased its stake in Total System Services by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after buying an additional 119 shares during the last quarter. Oakworth Capital Inc. increased its stake in Total System Services by 4,788.2% in the first quarter. Oakworth Capital Inc. now owns 3,715 shares of the credit services provider’s stock worth $199,000 after buying an additional 3,639 shares during the last quarter. Finally, OLD National Bancorp IN acquired a new stake in Total System Services during the first quarter worth about $206,000. Hedge funds and other institutional investors own 75.22% of the company’s stock.
Total System Services Company Profile
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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