Northcoast Research Weighs in on Worldpay Inc’s FY2018 Earnings (WP)
Worldpay Inc (NYSE:WP) – Northcoast Research issued their FY2018 EPS estimates for Worldpay in a research report issued on Thursday. Northcoast Research analyst K. Mehta anticipates that the business services provider will post earnings of $3.72 per share for the year. Northcoast Research has a “Neutral” rating on the stock.
Worldpay (NYSE:WP) last posted its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Worldpay had a return on equity of 44.78% and a net margin of 3.23%. The firm had revenue of $569.00 million during the quarter, compared to analyst estimates of $563.04 million. During the same period in the prior year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis.
Worldpay (WP) opened at $82.07 on Monday. Worldpay has a 52 week low of $59.10 and a 52 week high of $84.34. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $25,630.00, a P/E ratio of 107.99, a P/E/G ratio of 1.66 and a beta of 0.62.
Several institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new position in shares of Worldpay during the 4th quarter valued at $8,429,000. Quantitative Investment Management LLC bought a new position in shares of Worldpay during the 4th quarter valued at $9,693,000. Navellier & Associates Inc bought a new position in shares of Worldpay during the 4th quarter valued at $3,503,000. Twin Tree Management LP bought a new position in shares of Worldpay during the 4th quarter valued at $651,000. Finally, Eagle Asset Management Inc. bought a new position in shares of Worldpay during the 4th quarter valued at $38,764,000.
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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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