Wall Street analysts predict that Global Payments Inc (NYSE:GPN) will post $1.04 billion in sales for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Global Payments’ earnings. The highest sales estimate is $1.07 billion and the lowest is $1.02 billion. Global Payments reported sales of $924.28 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The company is scheduled to report its next quarterly earnings results on Thursday, May 2nd.

On average, analysts expect that Global Payments will report full year sales of $4.45 billion for the current financial year, with estimates ranging from $4.43 billion to $4.48 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $4.73 billion, with estimates ranging from $3.69 billion to $4.96 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Global Payments.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, February 13th. The business services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.08. Global Payments had a return on equity of 19.11% and a net margin of 13.43%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned $1.07 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis.

A number of brokerages recently commented on GPN. Zacks Investment Research upgraded shares of Global Payments from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. ValuEngine upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Wednesday. reiterated an “outperform” rating and set a $143.00 target price (up previously from $130.00) on shares of Global Payments in a research note on Thursday. TheStreet upgraded shares of Global Payments from a “c” rating to a “b-” rating in a research note on Wednesday. Finally, KeyCorp boosted their target price on shares of Global Payments from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $132.81.

Shares of GPN stock traded up $1.75 on Thursday, reaching $123.30. 1,510,225 shares of the stock were exchanged, compared to its average volume of 1,539,454. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.20. The company has a market cap of $19.51 billion, a P/E ratio of 23.76, a PEG ratio of 1.20 and a beta of 1.15. Global Payments has a twelve month low of $94.81 and a twelve month high of $129.25.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.04 annualized dividend and a yield of 0.03%. Global Payments’s dividend payout ratio is presently 0.77%.

In other news, Director Robert H. B. Baldwin, Jr. sold 3,500 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $121.49, for a total value of $425,215.00. Following the completion of the sale, the director now directly owns 68,817 shares of the company’s stock, valued at $8,360,577.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of the company’s stock in a transaction dated Monday, January 14th. The shares were sold at an average price of $110.82, for a total transaction of $332,460.00. Following the completion of the sale, the director now directly owns 72,399 shares of the company’s stock, valued at $8,023,257.18. The disclosure for this sale can be found here. Insiders sold 9,500 shares of company stock valued at $1,063,735 in the last 90 days. 0.98% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in GPN. Ranger Investment Management L.P. purchased a new position in Global Payments during the fourth quarter worth about $26,000. JOYN Advisors Inc. raised its holdings in Global Payments by 58.7% during the fourth quarter. JOYN Advisors Inc. now owns 346 shares of the business services provider’s stock worth $36,000 after purchasing an additional 128 shares in the last quarter. Bessemer Group Inc. raised its holdings in Global Payments by 35.7% during the fourth quarter. Bessemer Group Inc. now owns 407 shares of the business services provider’s stock worth $43,000 after purchasing an additional 107 shares in the last quarter. Private Capital Group LLC raised its holdings in Global Payments by 164.1% during the fourth quarter. Private Capital Group LLC now owns 544 shares of the business services provider’s stock worth $56,000 after purchasing an additional 338 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in Global Payments during the fourth quarter worth about $67,000. 98.47% of the stock is owned by institutional investors and hedge funds.

About Global Payments

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. 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, online reporting, industry compliance, and payment card industry security services.

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