Global Payments (GPN) Releases FY18 Earnings Guidance

Global Payments (NYSE:GPN) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.95-5.15 for the period, compared to the Thomson Reuters consensus estimate of $4.82. The company issued revenue guidance of $3.88-3.97 billion, compared to the consensus revenue estimate of $4.00 billion.

Shares of Global Payments (GPN) opened at $105.00 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Global Payments has a twelve month low of $76.47 and a twelve month high of $113.26. The stock has a market capitalization of $17,004.37, a P/E ratio of 60.10, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14.

Global Payments (NYSE:GPN) last issued its earnings results on Thursday, February 15th. The business services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $943.39 million. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. equities analysts anticipate that Global Payments will post 3.81 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. Nomura lifted their target price on Global Payments from $85.00 to $92.00 and gave the stock a reduce rating in a research report on Tuesday. Citigroup reiterated a buy rating and issued a $116.00 target price (up previously from $107.00) on shares of Global Payments in a research report on Thursday, November 9th. KeyCorp reiterated a buy rating and issued a $110.00 target price on shares of Global Payments in a research report on Friday, October 27th. Robert W. Baird reiterated a buy rating and issued a $124.00 target price on shares of Global Payments in a research report on Tuesday, January 23rd. Finally, Morgan Stanley lifted their target price on Global Payments from $98.00 to $106.00 and gave the stock an equal weight rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company. Global Payments currently has a consensus rating of Buy and an average target price of $105.51.

In related news, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $100.43, for a total transaction of $60,258.00. Following the completion of the transaction, the director now owns 38,275 shares in the company, valued at approximately $3,843,958.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 3,600 shares of company stock valued at $370,602 in the last 90 days. Insiders own 0.93% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Global Payments (GPN) Releases FY18 Earnings Guidance” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/15/global-payments-gpn-releases-fy18-earnings-guidance.html.

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.

Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply