Global Payments (NYSE:GPN) updated its FY 2020
Pre-Market earnings guidance on Wednesday. The company provided EPS guidance of 7.43-7.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.56. The company issued revenue guidance of $7.68-7.75 billion, compared to the consensus revenue estimate of $7.75 billion.Global Payments also updated its FY20 guidance to $7.43 to $7.62 EPS.
Shares of NYSE GPN traded up $3.08 during mid-day trading on Friday, reaching $205.81. 1,145,624 shares of the company traded hands, compared to its average volume of 1,525,887. The company’s fifty day moving average is $194.12 and its two-hundred day moving average is $174.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. Global Payments has a fifty-two week low of $120.20 and a fifty-two week high of $206.18. The stock has a market cap of $61.50 billion, a PE ratio of 82.65, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00.
Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.11. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the business earned $1.33 earnings per share. The company’s revenue was up 125.7% on a year-over-year basis. Research analysts forecast that Global Payments will post 5.83 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from Global Payments’s previous quarterly dividend of $0.01. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.38%. Global Payments’s payout ratio is presently 15.03%.
Several equities analysts recently weighed in on GPN shares. Citigroup boosted their price objective on Global Payments from $230.00 to $233.00 and gave the stock a buy rating in a research report on Thursday. Cantor Fitzgerald raised their target price on Global Payments from $196.00 to $225.00 and gave the company an overweight rating in a report on Thursday. Credit Suisse Group started coverage on Global Payments in a research report on Thursday, January 23rd. They issued an outperform rating and a $230.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Global Payments from $203.00 to $230.00 and gave the stock a positive rating in a report on Thursday. Finally, Barclays increased their price objective on Global Payments from $215.00 to $225.00 and gave the company an overweight rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have issued a buy rating to the stock. Global Payments currently has an average rating of Buy and an average price target of $205.53.
In other Global Payments news, Director Joia M. Johnson purchased 560 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of $178.45 per share, with a total value of $99,932.00. Following the completion of the transaction, the director now directly owns 2,347 shares of the company’s stock, valued at approximately $418,822.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $179.70, for a total transaction of $107,820.00. Following the transaction, the director now owns 27,188 shares of the company’s stock, valued at approximately $4,885,683.60. The disclosure for this sale can be found here. 0.88% of the stock is owned by insiders.
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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