Zacks: Analysts Anticipate Total System Services, Inc. (TSS) to Post $0.81 Earnings Per Share
Brokerages expect that Total System Services, Inc. (NYSE:TSS) will post earnings of $0.81 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Total System Services’ earnings, with estimates ranging from $0.80 to $0.82. Total System Services reported earnings per share of $0.71 during the same quarter last year, which suggests a positive year over year growth rate of 14.1%. The company is scheduled to announce its next quarterly earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that Total System Services will report full year earnings of $3.28 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.30. For the next year, analysts anticipate that the business will post earnings of $3.57 per share, with EPS estimates ranging from $3.50 to $3.68. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Total System Services.
Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The business had revenue of $844.07 million for the quarter, compared to analyst estimates of $842.57 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Total System Services’s quarterly revenue was up 6.2% on a year-over-year basis.
A number of research analysts have commented on the stock. Bank of America Corporation assumed coverage on shares of Total System Services in a research report on Tuesday. They set an “underperform” rating and a $64.00 target price on the stock. Wedbush assumed coverage on shares of Total System Services in a research report on Thursday, August 3rd. They set an “outperform” rating and a $72.00 target price on the stock. Royal Bank Of Canada assumed coverage on shares of Total System Services in a research report on Monday, August 28th. They set an “outperform” rating and a $75.00 target price on the stock. BidaskClub raised shares of Total System Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Total System Services in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Total System Services currently has a consensus rating of “Buy” and an average target price of $65.25.
Total System Services (TSS) traded down 0.68% during midday trading on Friday, reaching $66.70. 1,509,017 shares of the company traded hands. Total System Services has a one year low of $46.22 and a one year high of $70.62. The stock has a market capitalization of $12.29 billion, a P/E ratio of 32.36 and a beta of 1.13. The company has a 50 day moving average price of $66.18 and a 200-day moving average price of $59.28.
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 paid a $0.13 dividend. The ex-dividend date is Wednesday, September 20th. This is a boost from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a yield of 0.78%. Total System Services’s dividend payout ratio (DPR) is 19.51%.
In other Total System Services news, Director Philip W. Tomlinson sold 220,974 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the completion of the transaction, the director now directly owns 326,200 shares of the company’s stock, valued at approximately $20,762,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The disclosure for this sale can be found here. Insiders have sold a total of 243,503 shares of company stock valued at $15,490,969 over the last three months. 2.60% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TSS. Bronfman E.L. Rothschild L.P. raised its position in Total System Services by 13.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after buying an additional 228 shares during the last quarter. Acrospire Investment Management LLC raised its position in Total System Services by 122.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after buying an additional 1,100 shares during the last quarter. TLP Group LLC purchased a new position in Total System Services during the 2nd quarter worth approximately $122,000. Pacer Advisors Inc. raised its position in Total System Services by 3.4% during the 1st 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. Finally, Doyle Wealth Management purchased a new position in Total System Services during the 2nd quarter worth approximately $205,000. 76.14% of the stock is owned by institutional investors.
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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