$939.84 Million in Sales Expected for Global Payments Inc (GPN) This Quarter

Equities analysts expect that Global Payments Inc (NYSE:GPN) will announce $939.84 million in sales for the current fiscal quarter, Zacks reports. Twelve analysts have provided estimates for Global Payments’ earnings. The lowest sales estimate is $916.70 million and the highest is $950.58 million. The company is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Global Payments will report full-year sales of $939.84 million for the current financial year, with estimates ranging from $3.50 billion to $3.53 billion. For the next financial year, analysts forecast that the firm will post sales of $4.00 billion per share, with estimates ranging from $3.98 billion to $4.11 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Global Payments.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.12. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. Global Payments’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share.

Several equities research analysts recently weighed in on the stock. Deutsche Bank reiterated a “buy” rating and set a $115.00 price objective (up previously from $100.00) on shares of Global Payments in a research note on Tuesday, October 10th. Buckingham Research assumed coverage on shares of Global Payments in a research note on Monday, October 2nd. They set a “buy” rating and a $113.00 price objective on the stock. William Blair reiterated an “ourperform” rating on shares of Global Payments in a research note on Friday, September 22nd. KeyCorp assumed coverage on shares of Global Payments in a research note on Friday, September 22nd. They issued an “overweight” rating and a $110.00 price target on the stock. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $113.00 price target on shares of Global Payments in a research note on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the company. Global Payments has a consensus rating of “Buy” and a consensus target price of $107.79.

Shares of Global Payments (NYSE:GPN) opened at $105.80 on Thursday. The firm has a market cap of $16,646.29, a PE ratio of 59.11, a P/E/G ratio of 1.62 and a beta of 1.11. Global Payments has a 12 month low of $75.88 and a 12 month high of $106.52. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend was Thursday, December 14th. Global Payments’s dividend payout ratio (DPR) is presently 2.23%.

In other news, Director Alan M. Silberstein sold 600 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $100.48, for a total value of $60,288.00. Following the completion of the transaction, the director now directly owns 45,493 shares in the company, valued at $4,571,136.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 2,400 shares of company stock valued at $240,468 over the last quarter. Insiders own 0.93% of the company’s stock.

Several institutional investors have recently bought and sold shares of GPN. Sun Life Financial INC boosted its holdings in shares of Global Payments by 15,728.6% in the second quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock valued at $100,000 after acquiring an additional 1,101 shares in the last quarter. Intellectus Partners LLC bought a new position in shares of Global Payments in the second quarter valued at approximately $128,000. Commonwealth Bank of Australia boosted its holdings in shares of Global Payments by 13.6% in the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 176 shares in the last quarter. Stephens Inc. AR bought a new position in shares of Global Payments in the second quarter valued at approximately $143,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Global Payments by 28.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,819 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

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Global Payments Company Profile

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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