Q3 2017 EPS Estimates for Global Payments Inc. Boosted by Analyst (GPN)
Global Payments Inc. (NYSE:GPN) – Equities researchers at Wedbush upped their Q3 2017 EPS estimates for shares of Global Payments in a research note issued on Tuesday. Wedbush analyst M. Katri now forecasts that the business services provider will post earnings of $1.04 per share for the quarter, up from their previous forecast of $1.03. Wedbush also issued estimates for Global Payments’ Q4 2017 earnings at $1.01 EPS and FY2017 earnings at $3.75 EPS.
Global Payments (NYSE:GPN) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. The company had revenue of $847.90 million during the quarter, compared to analyst estimates of $837.76 million. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year.
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Other analysts have also recently issued reports about the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $103.00 price objective (up from $102.00) on shares of Global Payments in a research report on Friday, August 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Global Payments in a research report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Global Payments in a research report on Friday, July 7th. Zacks Investment Research raised Global Payments from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Thursday, July 6th. Finally, Mizuho started coverage on Global Payments in a research report on Tuesday, June 27th. They issued a “buy” rating and a $105.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $100.32.
Global Payments (NYSE GPN) opened at 96.81 on Friday. Global Payments has a one year low of $64.63 and a one year high of $100.34. The stock’s 50 day moving average price is $96.55 and its 200-day moving average price is $91.08. The firm has a market capitalization of $14.76 billion, a price-to-earnings ratio of 75.10 and a beta of 1.11.
Institutional investors and hedge funds have recently modified their holdings of the company. Sun Life Financial INC increased its stake in shares of Global Payments by 15,728.6% in the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 1,101 shares during the last quarter. Thompson Davis & CO. Inc. increased its stake in shares of Global Payments by 0.8% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 10 shares during the last quarter. Intellectus Partners LLC bought a new position in shares of Global Payments in the 2nd quarter valued at $128,000. Commonwealth Bank of Australia increased its stake in shares of Global Payments by 13.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 176 shares during the last quarter. Finally, Stephens Inc. AR bought a new position in shares of Global Payments in the 2nd quarter valued at $143,000. Institutional investors own 97.80% of the company’s stock.
In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $99.82, for a total transaction of $2,595,320.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David E. Mangum sold 75,794 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $94.51, for a total value of $7,163,290.94. Following the transaction, the insider now owns 112,930 shares in the company, valued at approximately $10,673,014.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 162,949 shares of company stock worth $15,589,907. Corporate insiders own 0.93% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is presently 2.45%.
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.
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