Total System Services, Inc. (TSS) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS
Total System Services, Inc. (NYSE:TSS) issued its quarterly earnings results on Monday. The credit services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07, Bloomberg Earnings reports. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The firm had revenue of $852.80 million for the quarter, compared to the consensus estimate of $842.30 million. During the same period in the prior year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis.
Shares of Total System Services (NYSE:TSS) traded up 0.04% during mid-day trading on Tuesday, reaching $68.18. The company’s stock had a trading volume of 1,135,955 shares. The stock has a market cap of $12.56 billion, a P/E ratio of 33.08 and a beta of 1.12. The stock has a 50 day moving average of $67.36 and a 200-day moving average of $61.89. Total System Services has a one year low of $47.01 and a one year high of $70.62.
TSS has been the topic of several recent analyst reports. Cowen and Company reiterated an “outperform” rating and issued a $67.00 price target on shares of Total System Services in a report on Wednesday, July 26th. BidaskClub upgraded Total System Services from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. KeyCorp reiterated an “overweight” rating on shares of Total System Services in a report on Thursday, August 31st. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Wednesday, August 30th. Finally, Stifel Nicolaus downgraded Total System Services from a “buy” rating to a “hold” rating and set a $69.00 price target on the stock. in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $66.70.
In other news, EVP G Sanders Griffith III sold 18,472 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the sale, the executive vice president now owns 187,684 shares of the company’s stock, valued at $11,871,013. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip W. Tomlinson sold 220,974 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total value of $14,064,995.10. Following the sale, the director now directly owns 326,200 shares in the company, valued at approximately $20,762,630. The disclosure for this sale can be found here. Insiders have sold 243,503 shares of company stock worth $15,490,969 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/24/total-system-services-inc-tss-releases-quarterly-earnings-results-beats-expectations-by-0-07-eps.html.
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.
Receive News & Ratings for Total System Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.