Worldpay Inc (NYSE:WP) – Investment analysts at Oppenheimer reduced their Q4 2018 EPS estimates for Worldpay in a research report issued to clients and investors on Thursday. Oppenheimer analyst G. Greene now anticipates that the business services provider will earn $0.95 per share for the quarter, down from their previous estimate of $0.99.
Several other brokerages have also commented on WP. Cantor Fitzgerald reissued a “buy” rating and set a $74.00 price target on shares of Worldpay in a research note on Thursday, October 26th. Mizuho restated a “hold” rating and set a $80.00 price objective on shares of Worldpay in a research report on Thursday, January 4th. Deutsche Bank lifted their price objective on Worldpay to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 4th. Stifel Nicolaus restated a “buy” rating and set a $85.00 price objective on shares of Worldpay in a research report on Tuesday, October 24th. Finally, BidaskClub downgraded Worldpay from a “sell” rating to a “strong sell” rating in a research report on Friday, October 20th. Seven research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $81.90.
Worldpay (NYSE:WP) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. Worldpay had a return on equity of 41.19% and a net margin of 6.07%. The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 EPS.
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Worldpay, Inc, formerly Vantiv, Inc, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
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