Q3 2018 EPS Estimates for Total System Services, Inc. Lowered by Analyst (TSS)
Total System Services, Inc. (NYSE:TSS) – Analysts at Wedbush cut their Q3 2018 earnings estimates for shares of Total System Services in a note issued to investors on Monday, September 24th. Wedbush analyst M. Katri now forecasts that the credit services provider will post earnings of $1.02 per share for the quarter, down from their previous forecast of $1.04. Wedbush also issued estimates for Total System Services’ Q4 2019 earnings at $1.16 EPS.
Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 24th. The credit services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. Total System Services had a net margin of 14.39% and a return on equity of 29.26%. The company had revenue of $956.55 million for the quarter, compared to analysts’ expectations of $936.79 million. During the same quarter last year, the business earned $0.85 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year.
Total System Services stock opened at $98.08 on Wednesday. The company has a market cap of $17.91 billion, a PE ratio of 30.46, a P/E/G ratio of 1.60 and a beta of 1.18. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.62. Total System Services has a 1 year low of $64.56 and a 1 year high of $100.39.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. purchased a new position in Total System Services during the first quarter worth $269,000. JPMorgan Chase & Co. boosted its stake in Total System Services by 99.1% during the first quarter. JPMorgan Chase & Co. now owns 547,294 shares of the credit services provider’s stock worth $47,208,000 after buying an additional 272,407 shares during the period. First Republic Investment Management Inc. purchased a new position in Total System Services during the first quarter worth $280,000. IBM Retirement Fund boosted its stake in Total System Services by 48.8% during the first quarter. IBM Retirement Fund now owns 3,998 shares of the credit services provider’s stock worth $345,000 after buying an additional 1,312 shares during the period. Finally, Norinchukin Bank The boosted its stake in Total System Services by 13.3% during the first quarter. Norinchukin Bank The now owns 15,154 shares of the credit services provider’s stock worth $1,307,000 after buying an additional 1,778 shares during the period. Institutional investors own 76.49% of the company’s stock.
In related news, EVP Dorenda K. Weaver sold 5,009 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $99.00, for a total value of $495,891.00. Following the sale, the executive vice president now owns 44,358 shares in the company, valued at $4,391,442. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patricia A. Watson sold 15,332 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $93.30, for a total transaction of $1,430,475.60. Following the completion of the sale, the executive vice president now owns 30,743 shares in the company, valued at approximately $2,868,321.90. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Thursday, September 20th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.53%. The ex-dividend date is Wednesday, September 19th. Total System Services’s dividend payout ratio is presently 16.15%.
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: Merchant Solutions, Issuer Solutions, and Netspend. 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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