Wall Street analysts forecast that Global Payments Inc (NYSE:GPN) will post $0.75 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Global Payments’ earnings. The lowest EPS estimate is $0.73 and the highest is $0.83. Global Payments reported earnings of $0.70 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, May 4th.
On average, analysts expect that Global Payments will report full-year earnings of $3.68 per share for the current fiscal year, with EPS estimates ranging from $3.62 to $3.75. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.29 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Global Payments.
Global Payments (NYSE:GPN) last posted its earnings results on Monday, January 9th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $817.20 million for the quarter. Global Payments had a return on equity of 19.50% and a net margin of 7.28%. The company’s revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS.
GPN has been the subject of a number of research analyst reports. Atlantic Securities initiated coverage on shares of Global Payments in a research report on Wednesday. They issued an “overweight” rating and a $91.00 target price for the company. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $88.00 target price (up previously from $85.00) on shares of Global Payments in a research report on Wednesday, January 11th. Piper Jaffray Companies lifted their target price on shares of Global Payments from $84.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $93.00 target price on shares of Global Payments in a research report on Wednesday, March 15th. Finally, Barclays PLC raised shares of Global Payments from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $88.00 to $92.00 in a research report on Thursday, March 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company. Global Payments has a consensus rating of “Buy” and a consensus target price of $85.57.
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Global Payments (NYSE:GPN) traded up 0.04% during midday trading on Monday, hitting $77.54. The company’s stock had a trading volume of 1,064,969 shares. Global Payments has a 12 month low of $64.63 and a 12 month high of $81.63. The firm has a market cap of $11.80 billion, a P/E ratio of 55.82 and a beta of 1.05. The company’s 50 day moving average price is $79.04 and its 200 day moving average price is $75.33.
In other news, Director Alan M. Silberstein sold 600 shares of the business’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $80.03, for a total value of $48,018.00. Following the sale, the director now directly owns 48,493 shares in the company, valued at approximately $3,880,894.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan M. Silberstein sold 3,865 shares of the business’s stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $77.52, for a total transaction of $299,614.80. Following the completion of the sale, the director now owns 58,270 shares in the company, valued at $4,517,090.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,565 shares of company stock worth $1,864,658. 1.10% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in Global Payments during the third quarter worth $100,000. Raiff Partners Inc. purchased a new position in shares of Global Payments during the fourth quarter valued at approximately $104,000. Global X Management Co. LLC increased its position in shares of Global Payments by 90.7% in the third quarter. Global X Management Co. LLC now owns 1,943 shares of the company’s stock valued at $149,000 after buying an additional 924 shares during the last quarter. WFG Advisors LP increased its position in shares of Global Payments by 262.4% in the fourth quarter. WFG Advisors LP now owns 2,464 shares of the company’s stock valued at $161,000 after buying an additional 1,784 shares during the last quarter. Finally, Triangle Securities Wealth Management purchased a new position in shares of Global Payments during the first quarter valued at approximately $204,000. Hedge funds and other institutional investors own 97.82% of the company’s stock.
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.
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