Total System Services, Inc. (TSS) Expected to Post Quarterly Sales of $1.00 Billion

Equities research analysts expect Total System Services, Inc. (NYSE:TSS) to post $1.00 billion in sales for the current quarter, according to Zacks. Eight analysts have provided estimates for Total System Services’ earnings, with the highest sales estimate coming in at $1.02 billion and the lowest estimate coming in at $980.90 million. Total System Services posted sales of $935.50 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, April 23rd.

On average, analysts expect that Total System Services will report full-year sales of $4.06 billion for the current year, with estimates ranging from $4.04 billion to $4.08 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.37 billion, with estimates ranging from $4.31 billion to $4.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Total System Services.

Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, January 29th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $968.62 million. Total System Services had a return on equity of 30.94% and a net margin of 14.31%.

A number of research firms recently issued reports on TSS. Robert W. Baird increased their price objective on Total System Services from $98.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, March 29th. Zacks Investment Research downgraded Total System Services from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. Nomura reiterated a “buy” rating on shares of Total System Services in a report on Thursday, January 31st. Jefferies Financial Group initiated coverage on Total System Services in a research note on Monday, January 28th. They issued a “buy” rating and a $105.00 price target for the company. Finally, Bank of America upgraded Total System Services from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 24th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $99.07.

Shares of NYSE:TSS traded down $0.85 during mid-day trading on Thursday, reaching $98.77. 2,236,500 shares of the stock were exchanged, compared to its average volume of 1,476,714. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market cap of $17.60 billion, a PE ratio of 23.19, a PEG ratio of 1.77 and a beta of 1.11. Total System Services has a one year low of $75.58 and a one year high of $100.39.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 21st were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, March 20th. This represents a $0.52 annualized dividend and a dividend yield of 0.53%. Total System Services’s dividend payout ratio is currently 12.21%.

In other news, CFO Paul M. Todd sold 10,739 shares of Total System Services stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $91.23, for a total transaction of $979,718.97. Following the completion of the transaction, the chief financial officer now directly owns 62,891 shares in the company, valued at approximately $5,737,545.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP G Sanders Griffith III sold 11,273 shares of Total System Services stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $91.23, for a total value of $1,028,435.79. Following the transaction, the executive vice president now owns 192,324 shares of the company’s stock, valued at $17,545,718.52. The disclosure for this sale can be found here. Insiders have sold a total of 109,640 shares of company stock valued at $10,098,506 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Stifel Financial Corp boosted its stake in shares of Total System Services by 34.1% during the 4th quarter. Stifel Financial Corp now owns 37,218 shares of the credit services provider’s stock worth $3,013,000 after acquiring an additional 9,466 shares during the period. Stephens Inc. AR lifted its holdings in Total System Services by 21.2% during the 4th quarter. Stephens Inc. AR now owns 4,270 shares of the credit services provider’s stock worth $347,000 after purchasing an additional 748 shares during the last quarter. Edge Capital Group LLC acquired a new stake in Total System Services during the 4th quarter worth approximately $458,000. Tibra Equities Europe Ltd lifted its holdings in Total System Services by 55.0% during the 4th quarter. Tibra Equities Europe Ltd now owns 21,400 shares of the credit services provider’s stock worth $1,740,000 after purchasing an additional 7,593 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new stake in Total System Services during the 4th quarter worth approximately $231,000. Institutional investors own 80.53% of the company’s stock.

Total System Services Company Profile

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.

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