Global Payments (NYSE:GPN) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Global Payments (NYSE:GPN) posted its quarterly earnings results on Thursday. The business services provider reported $2.84 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.14), Zacks reports. Global Payments had a net margin of 13.61% and a return on equity of 11.94%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Global Payments updated its FY 2025 guidance to 12.710-12.820 EPS.

Global Payments Price Performance

Global Payments stock traded up $1.54 during trading hours on Friday, hitting $105.67. 1,975,846 shares of the stock were exchanged, compared to its average volume of 1,514,933. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $26.89 billion, a P/E ratio of 19.90, a P/E/G ratio of 0.80 and a beta of 1.01. Global Payments has a 12 month low of $91.60 and a 12 month high of $141.77. The business’s 50-day moving average is $110.97 and its two-hundred day moving average is $108.56.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.95%. Global Payments’s dividend payout ratio is 18.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reduced their price objective on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Barclays lifted their price objective on shares of Global Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Morgan Stanley reduced their price objective on shares of Global Payments from $166.00 to $163.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Bank of America reduced their price objective on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Global Payments currently has a consensus rating of “Moderate Buy” and an average price target of $136.18.

Insiders Place Their Bets

In other news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $116.00 per share, with a total value of $672,800.00. Following the completion of the purchase, the director now owns 42,738 shares of the company’s stock, valued at $4,957,608. This represents a 15.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.98% of the company’s stock.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.