Global Payments (NYSE:GPN) announced its earnings results on Tuesday. The business services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.15, MarketWatch Earnings reports. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.77 billion. Global Payments had a net margin of 6.75% and a return on equity of 6.46%. Global Payments’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 earnings per share. Global Payments updated its FY21 guidance to $7.87 to $8.07 EPS and its FY 2021 guidance to 7.870-8.070 EPS.
GPN traded down $7.30 during midday trading on Tuesday, reaching $205.17. The company’s stock had a trading volume of 44,123 shares, compared to its average volume of 1,594,953. Global Payments has a 1 year low of $153.33 and a 1 year high of $220.81. The stock’s 50-day moving average is $211.66 and its 200-day moving average is $197.38. The firm has a market capitalization of $60.54 billion, a price-to-earnings ratio of 126.47, a PEG ratio of 1.81 and a beta of 1.16. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.30.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were issued a $0.195 dividend. The ex-dividend date was Thursday, March 11th. This represents a $0.78 dividend on an annualized basis and a yield of 0.38%. Global Payments’s dividend payout ratio (DPR) is 13.31%.
GPN has been the topic of several research analyst reports. Morgan Stanley upped their target price on Global Payments from $197.00 to $209.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 28th. Susquehanna Bancshares increased their price target on Global Payments from $220.00 to $239.00 and gave the stock a “positive” rating in a report on Tuesday, February 9th. Compass Point lowered shares of Global Payments from a “buy” rating to a “neutral” rating and set a $220.00 price objective for the company. in a research note on Friday, February 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Global Payments from $207.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Raymond James cut their price objective on shares of Global Payments from $206.00 to $205.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 3rd. Five investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $213.14.
In related news, EVP Guido Francesco Sacchi sold 12,077 shares of the stock in a transaction that occurred on Tuesday, March 2nd. The shares were sold at an average price of $202.07, for a total transaction of $2,440,399.39. Also, Director M Troy Woods sold 75,727 shares of the firm’s stock in a transaction that occurred on Tuesday, February 23rd. The stock was sold at an average price of $194.65, for a total transaction of $14,740,260.55. In the last quarter, insiders sold 117,645 shares of company stock worth $23,231,757. Insiders own 0.88% of the company’s stock.
Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions. The Merchant Solutions segment offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and on-line reporting services.
Read More: Marijuana Stocks Investing Considerations
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.