Global Payments Inc (NYSE:GPN) Expected to Post Quarterly Sales of $2.16 Billion
Brokerages expect Global Payments Inc (NYSE:GPN) to report $2.16 billion in sales for the current quarter, Zacks reports. Nine analysts have provided estimates for Global Payments’ earnings. The lowest sales estimate is $2.15 billion and the highest is $2.18 billion. Global Payments reported sales of $819.04 million during the same quarter last year, which would suggest a positive year over year growth rate of 163.7%. The business is expected to report its next earnings report before the market opens on Wednesday, February 12th.
On average, analysts expect that Global Payments will report full year sales of $5.62 billion for the current fiscal year, with estimates ranging from $5.61 billion to $5.64 billion. For the next year, analysts forecast that the firm will post sales of $9.22 billion, with estimates ranging from $9.14 billion to $9.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Global Payments.
Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.16 billion. Global Payments had a net margin of 10.59% and a return on equity of 9.05%. The company’s revenue was up 27.4% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share.
In other Global Payments news, Director William I. Jacobs sold 600 shares of Global Payments stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $193.70, for a total transaction of $116,220.00. Following the transaction, the director now directly owns 26,588 shares of the company’s stock, valued at $5,150,095.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kriss Cloninger III sold 7,877 shares of Global Payments stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $169.15, for a total transaction of $1,332,394.55. Following the transaction, the director now directly owns 26,155 shares in the company, valued at $4,424,118.25. The disclosure for this sale can be found here. Insiders have sold 9,677 shares of company stock worth $1,660,457 over the last ninety days. 0.88% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. increased its position in shares of Global Payments by 48.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 111,641 shares of the business services provider’s stock valued at $15,241,000 after acquiring an additional 36,216 shares during the last quarter. Man Group plc increased its position in shares of Global Payments by 45.4% during the second quarter. Man Group plc now owns 58,600 shares of the business services provider’s stock valued at $9,384,000 after acquiring an additional 18,303 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Global Payments during the second quarter valued at about $1,185,000. AQR Capital Management LLC increased its position in shares of Global Payments by 66.5% during the second quarter. AQR Capital Management LLC now owns 29,495 shares of the business services provider’s stock valued at $4,709,000 after acquiring an additional 11,783 shares during the last quarter. Finally, Jefferies Group LLC acquired a new stake in shares of Global Payments during the second quarter valued at about $236,000. 87.71% of the stock is currently owned by institutional investors.
Shares of NYSE:GPN traded down $1.01 during midday trading on Wednesday, hitting $198.77. The company’s stock had a trading volume of 1,206,037 shares, compared to its average volume of 1,245,190. The business’s 50 day simple moving average is $186.00 and its 200 day simple moving average is $170.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $59.74 billion, a P/E ratio of 79.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.95. Global Payments has a 12-month low of $110.69 and a 12-month high of $202.58.
The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Thursday, December 12th. This is an increase from Global Payments’s previous dividend of $0.01. Global Payments’s payout ratio is 15.03%.
Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It 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 online reporting services.
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