Global Payments (NYSE:GPN) updated its FY21 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $7.87 to $8.07 for the period, compared to the Thomson Reuters consensus estimate of $7.96. The company issued revenue guidance of $7.550 billion to $7.625 billion, compared to the consensus revenue estimate of $7.57 billion.Global Payments also updated its FY 2021 guidance to 7.870-8.070 EPS.
A number of research firms have weighed in on GPN. KeyCorp upped their price target on Global Payments from $175.00 to $215.00 and gave the stock an overweight rating in a research report on Wednesday, January 27th. Compass Point cut Global Payments from a buy rating to a neutral rating and set a $220.00 price objective on the stock. in a research note on Friday, February 12th. Citigroup upped their price objective on Global Payments from $223.00 to $232.00 and gave the stock a buy rating in a research note on Tuesday, February 9th. Deutsche Bank Aktiengesellschaft upped their price objective on Global Payments from $207.00 to $235.00 and gave the stock a buy rating in a research note on Monday. Finally, Morgan Stanley upped their price objective on Global Payments from $197.00 to $209.00 and gave the stock an equal weight rating in a research note on Wednesday, April 28th. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Global Payments currently has an average rating of Buy and a consensus target price of $213.14.
Shares of GPN traded down $6.97 during trading hours on Tuesday, hitting $205.50. 1,740,292 shares of the company were exchanged, compared to its average volume of 1,596,689. The company has a market cap of $60.64 billion, a price-to-earnings ratio of 122.32, a P/E/G ratio of 1.81 and a beta of 1.16. Global Payments has a fifty-two week low of $153.33 and a fifty-two week high of $220.81. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average is $211.61 and its 200 day moving average is $197.55.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Tuesday, May 4th. The business services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.15. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.77 billion. Global Payments had a return on equity of 6.46% and a net margin of 6.75%. Global Payments’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. Analysts anticipate that Global Payments will post 6.01 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, March 12th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Thursday, March 11th. Global Payments’s payout ratio is 13.31%.
Global Payments announced that its Board of Directors has approved a share buyback plan on Monday, February 8th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
In other news, EVP Guido Francesco Sacchi sold 12,077 shares of Global Payments stock in a transaction dated Tuesday, March 2nd. The stock was sold at an average price of $202.07, for a total transaction of $2,440,399.39. Also, Director William I. Jacobs sold 500 shares of the firm’s stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $215.21, for a total value of $107,605.00. Following the transaction, the director now owns 20,893 shares of the company’s stock, valued at $4,496,382.53. The disclosure for this sale can be found here. Insiders have sold 117,645 shares of company stock worth $23,231,757 over the last three months. Insiders own 0.88% of the company’s stock.
About Global Payments
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions. The Merchant Solutions segment 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 on-line reporting services.
Further Reading: Buy-Side Analysts
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