Global Payments (NYSE:GPN) Issues Earnings Results

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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%.

Global Payments declared that its Board of Directors has initiated a share repurchase plan on Monday, February 8th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the business services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.

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Earnings History for Global Payments (NYSE:GPN)

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