Equities analysts expect Alliance Data Systems Corporation (NYSE:ADS) to post $1.98 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Alliance Data Systems Corporation’s earnings, with the highest sales estimate coming in at $2.06 billion and the lowest estimate coming in at $1.94 billion. Alliance Data Systems Corporation reported sales of $1.89 billion during the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The company is expected to issue its next earnings results on Thursday, October 19th.

According to Zacks, analysts expect that Alliance Data Systems Corporation will report full year sales of $1.98 billion for the current financial year, with estimates ranging from $7.77 billion to $7.96 billion. For the next financial year, analysts anticipate that the firm will post sales of $8.69 billion per share, with estimates ranging from $8.53 billion to $8.95 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Alliance Data Systems Corporation.

Alliance Data Systems Corporation (NYSE:ADS) last announced its earnings results on Thursday, July 20th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.37. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the business earned $3.68 earnings per share. Alliance Data Systems Corporation’s revenue was up 4.2% compared to the same quarter last year.

Several analysts have commented on ADS shares. BidaskClub raised shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Credit Suisse Group restated a “sell” rating and issued a $174.00 price objective on shares of Alliance Data Systems Corporation in a research note on Thursday, August 17th. Argus restated a “buy” rating and issued a $290.00 price objective (down from $309.00) on shares of Alliance Data Systems Corporation in a research note on Sunday, July 30th. Piper Jaffray Companies reiterated a “buy” rating and set a $302.00 target price on shares of Alliance Data Systems Corporation in a research note on Thursday, August 3rd. Finally, ValuEngine upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $252.31.

Shares of Alliance Data Systems Corporation (NYSE:ADS) traded up 0.87% during trading on Tuesday, hitting $223.08. 272,590 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $242.67 and its 200 day moving average is $244.87. Alliance Data Systems Corporation has a 1-year low of $196.40 and a 1-year high of $266.25. The firm has a market capitalization of $12.38 billion, a PE ratio of 25.44 and a beta of 1.76.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.94%. The ex-dividend date is Thursday, August 10th. Alliance Data Systems Corporation’s payout ratio is 23.69%.

Alliance Data Systems Corporation announced that its board has authorized a stock buyback program on Thursday, July 27th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Several hedge funds have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. boosted its stake in shares of Alliance Data Systems Corporation by 9.8% in the first quarter. Johnson Financial Group Inc. now owns 426 shares of the business services provider’s stock valued at $106,000 after buying an additional 38 shares during the last quarter. Fiduciary Trust Co. acquired a new position in shares of Alliance Data Systems Corporation during the second quarter valued at about $108,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Alliance Data Systems Corporation by 68.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 462 shares of the business services provider’s stock valued at $115,000 after buying an additional 188 shares during the period. ETF Managers Group LLC acquired a new position in shares of Alliance Data Systems Corporation during the second quarter valued at about $128,000. Finally, FNY Partners Fund LP raised its position in shares of Alliance Data Systems Corporation by 163.0% in the first quarter. FNY Partners Fund LP now owns 526 shares of the business services provider’s stock valued at $130,000 after buying an additional 326 shares during the period. Institutional investors own 98.89% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Brokerages Expect Alliance Data Systems Corporation (ADS) Will Announce Quarterly Sales of $1.98 Billion” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/08/22/brokerages-expect-alliance-data-systems-corporation-ads-will-announce-quarterly-sales-of-1-98-billion.html.

About Alliance Data Systems Corporation

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.

Get a free copy of the Zacks research report on Alliance Data Systems Corporation (ADS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Alliance Data Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Data Systems Corporation and related companies with MarketBeat.com's FREE daily email newsletter.