Brokerages expect Worldpay Inc (NYSE:WP) to announce sales of $1.05 billion for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Worldpay’s earnings. The highest sales estimate is $1.06 billion and the lowest is $1.04 billion. Worldpay reported sales of $568.94 million during the same quarter last year, which indicates a positive year over year growth rate of 84.6%. The business is expected to issue its next quarterly earnings results on Wednesday, February 27th.

On average, analysts expect that Worldpay will report full year sales of $3.93 billion for the current year, with estimates ranging from $3.92 billion to $3.98 billion. For the next year, analysts anticipate that the firm will report sales of $4.31 billion, with estimates ranging from $4.26 billion to $4.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Worldpay.

Worldpay (NYSE:WP) last issued its earnings results on Thursday, November 8th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Worldpay had a positive return on equity of 11.66% and a negative net margin of 3.99%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business earned $0.90 EPS. Worldpay’s quarterly revenue was down 1.5% compared to the same quarter last year.

WP has been the subject of several analyst reports. Stephens reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Worldpay in a research note on Tuesday, December 11th. BMO Capital Markets started coverage on Worldpay in a report on Wednesday, September 26th. They set an “outperform” rating and a $129.00 price objective on the stock. Berenberg Bank raised their price objective on Worldpay to $120.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Zacks Investment Research upgraded Worldpay from a “sell” rating to a “hold” rating in a report on Saturday, October 13th. Finally, Barclays began coverage on Worldpay in a report on Wednesday, November 14th. They issued an “overweight” rating and a $108.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $103.04.

In related news, insider Rohinton Kalifa sold 75,000 shares of Worldpay stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $100.77, for a total transaction of $7,557,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mark L. Heimbouch sold 29,676 shares of Worldpay stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $98.26, for a total transaction of $2,915,963.76. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of WP. Vanguard Group Inc. grew its stake in Worldpay by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 25,870,601 shares of the business services provider’s stock valued at $2,619,916,000 after buying an additional 386,174 shares during the last quarter. Vanguard Group Inc lifted its position in Worldpay by 1.5% in the third quarter. Vanguard Group Inc now owns 25,870,601 shares of the business services provider’s stock valued at $2,619,916,000 after purchasing an additional 386,174 shares during the last quarter. BlackRock Inc. lifted its position in Worldpay by 3.1% in the second quarter. BlackRock Inc. now owns 15,786,367 shares of the business services provider’s stock valued at $1,291,011,000 after purchasing an additional 474,679 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Worldpay by 0.6% in the second quarter. Canada Pension Plan Investment Board now owns 10,445,196 shares of the business services provider’s stock valued at $854,208,000 after purchasing an additional 65,400 shares during the last quarter. Finally, Flossbach Von Storch AG lifted its position in Worldpay by 1.6% in the third quarter. Flossbach Von Storch AG now owns 6,611,653 shares of the business services provider’s stock valued at $669,562,000 after purchasing an additional 104,016 shares during the last quarter. Institutional investors own 88.30% of the company’s stock.

Shares of NYSE:WP traded down $1.07 during trading on Friday, hitting $80.17. 3,167,036 shares of the company’s stock were exchanged, compared to its average volume of 2,851,217. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. Worldpay has a 52-week low of $71.40 and a 52-week high of $103.50. The stock has a market capitalization of $25.02 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.37 and a beta of 0.79.

Worldpay Company Profile

Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States, Europe, and Asia. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.

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Earnings History and Estimates for Worldpay (NYSE:WP)

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