Global Payments Inc. (GPN) to Release Quarterly Earnings on Wednesday
Global Payments Inc. (NYSE:GPN) is set to announce its earnings results before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Global Payments has set its FY17 guidance at $3.85-4.00 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 the Zacks’ consensus estimate of $0.87 by $0.07. The firm had revenue of $847.90 million for the quarter, compared to analyst estimates of $837.76 million. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 EPS. On average, analysts expect Global Payments to post $3.74 EPS for the current fiscal year and $4.48 EPS for the next fiscal year.
Global Payments Inc. (NYSE:GPN) opened at 103.95 on Wednesday. The stock has a 50 day moving average of $97.52 and a 200-day moving average of $92.44. The company has a market cap of $15.85 billion, a price-to-earnings ratio of 80.64 and a beta of 1.11. Global Payments Inc. has a one year low of $64.63 and a one year high of $104.00.
In other Global Payments news, insider David E. Mangum sold 75,794 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $94.51, for a total transaction of $7,163,290.94. Following the transaction, the insider now owns 112,930 shares in the company, valued at $10,673,014.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Guido Francesco Sacchi sold 25,927 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $95.22, for a total transaction of $2,468,768.94. Following the transaction, the executive vice president now owns 34,622 shares in the company, valued at approximately $3,296,706.84. The disclosure for this sale can be found here. Insiders have sold 153,549 shares of company stock worth $14,698,521 in the last quarter. Company insiders own 0.93% of the company’s stock.
Several equities analysts have weighed in on the stock. BidaskClub downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Cowen and Company reaffirmed a “buy” rating and set a $102.00 price target on shares of Global Payments in a report on Friday, September 8th. Zacks Investment Research raised shares of Global Payments from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Wednesday, October 11th. KeyCorp reissued a “buy” rating and issued a $110.00 target price on shares of Global Payments in a report on Friday, October 27th. Finally, Bank of America Corporation initiated coverage on shares of Global Payments in a report on Tuesday, September 12th. They issued a “buy” rating and a $110.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $100.32.
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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