Analysts forecast that Global Payments Inc (NYSE:GPN) will report sales of $939.84 million for the current fiscal quarter, according to Zacks. Twelve analysts have issued estimates for Global Payments’ earnings. The lowest sales estimate is $916.70 million and the highest is $950.58 million. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Global Payments will report full-year sales of $939.84 million for the current financial year, with estimates ranging from $3.50 billion to $3.53 billion. For the next fiscal year, analysts expect that the company will report sales of $4.00 billion per share, with estimates ranging from $3.98 billion to $4.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Global Payments.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.03 by $0.12. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Global Payments from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Wednesday, October 11th. KeyCorp reiterated a “buy” rating and issued a $110.00 target price on shares of Global Payments in a report on Friday, October 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $122.00 target price on shares of Global Payments in a report on Friday, December 22nd. SunTrust Banks reiterated a “buy” rating and issued a $120.00 target price on shares of Global Payments in a report on Friday, November 10th. Finally, Citigroup reiterated a “buy” rating and issued a $116.00 target price (up previously from $107.00) on shares of Global Payments in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $107.79.

In other news, Director William I. Jacobs sold 600 shares of Global Payments stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $98.32, for a total transaction of $58,992.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 2,400 shares of company stock worth $240,468. 0.93% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its position in shares of Global Payments by 0.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,368 shares of the business services provider’s stock valued at $1,567,000 after acquiring an additional 65 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Global Payments by 0.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 25,299 shares of the business services provider’s stock valued at $2,285,000 after acquiring an additional 103 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of Global Payments by 13.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 176 shares in the last quarter. MML Investors Services LLC lifted its holdings in Global Payments by 2.4% during the 2nd quarter. MML Investors Services LLC now owns 11,426 shares of the business services provider’s stock valued at $1,032,000 after purchasing an additional 269 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Global Payments by 9.4% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,283 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Global Payments (GPN) opened at $105.80 on Thursday. The company has a market cap of $16,646.29, a price-to-earnings ratio of 59.11, a P/E/G ratio of 1.62 and a beta of 1.11. Global Payments has a twelve month low of $75.88 and a twelve month high of $106.52. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.01 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.04 annualized dividend and a yield of 0.04%. Global Payments’s dividend payout ratio is 2.23%.

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Global Payments Company Profile

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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