Worldpay (WP) Expected to Post Earnings of $0.95 Per Share

Equities research analysts expect that Worldpay (NYSE:WP) will post earnings per share of $0.95 for the current quarter, Zacks reports. Ten analysts have issued estimates for Worldpay’s earnings. The highest EPS estimate is $0.98 and the lowest is $0.93. Worldpay posted earnings of $0.83 per share in the same quarter last year, which suggests a positive year over year growth rate of 14.5%. The firm is expected to announce its next quarterly earnings results on Wednesday, August 8th.

According to Zacks, analysts expect that Worldpay will report full year earnings of $3.78 per share for the current financial year, with EPS estimates ranging from $3.71 to $3.85. For the next financial year, analysts forecast that the firm will post earnings of $4.47 per share, with EPS estimates ranging from $4.30 to $4.70. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Worldpay.

Worldpay (NYSE:WP) last posted its quarterly earnings results on Thursday, May 10th. The business services provider reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.04. Worldpay had a net margin of 0.09% and a return on equity of 20.14%. The firm had revenue of $850.70 million for the quarter, compared to analysts’ expectations of $838.22 million. During the same quarter in the prior year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up 81.0% on a year-over-year basis.

A number of equities research analysts have recently commented on the stock. Cantor Fitzgerald reiterated a “buy” rating and set a $92.00 price target on shares of Worldpay in a report on Thursday, May 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $99.00 price target on shares of Worldpay in a report on Tuesday, March 6th. Guggenheim reiterated a “buy” rating and set a $93.00 price target on shares of Worldpay in a report on Tuesday, March 6th. Nomura increased their price target on shares of Worldpay to $93.00 and gave the company a “buy” rating in a report on Wednesday, March 7th. Finally, Bank of America increased their price target on shares of Worldpay from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, March 5th. Seven research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Worldpay currently has a consensus rating of “Buy” and a consensus target price of $84.50.

NYSE:WP opened at $81.70 on Friday. Worldpay has a 52 week low of $81.09 and a 52 week high of $81.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.75 and a current ratio of 0.94. The company has a market cap of $14.53 billion, a PE ratio of 26.35, a PEG ratio of 1.49 and a beta of 0.60.

In other Worldpay news, CFO Stephanie Ferris sold 7,790 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $80.92, for a total value of $630,366.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Mark L. Heimbouch sold 47,853 shares of the stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $82.66, for a total transaction of $3,955,528.98. The disclosure for this sale can be found here. Insiders sold 170,064 shares of company stock worth $14,006,922 over the last quarter. Insiders own 1.05% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pendal Group Ltd bought a new position in Worldpay in the first quarter worth approximately $108,000. Robecosam AG bought a new stake in shares of Worldpay during the 1st quarter valued at $123,000. SWS Partners bought a new stake in shares of Worldpay during the 1st quarter valued at $128,000. Envestnet Asset Management Inc. bought a new stake in shares of Worldpay during the 1st quarter valued at $134,000. Finally, IFP Advisors Inc bought a new stake in shares of Worldpay during the 1st quarter valued at $208,000.

About Worldpay

Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.

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