Global Payments (GPN) Issues FY18 Earnings Guidance

Global Payments (NYSE:GPN) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $4.95-5.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.82. The company issued revenue guidance of $3.88-3.97 billion, compared to the consensus revenue estimate of $4.00 billion.

A number of analysts have recently commented on the company. Nomura boosted their price objective on Global Payments from $85.00 to $92.00 and gave the stock a reduce rating in a research note on Tuesday. Oppenheimer boosted their price objective on Global Payments from $21.00 to $23.00 and gave the stock an outperform rating in a research note on Friday, January 19th. Keefe, Bruyette & Woods reissued a buy rating and issued a $113.00 price objective on shares of Global Payments in a research note on Friday, November 17th. Credit Suisse Group reissued an outperform rating and issued a $108.00 price objective (up previously from $100.00) on shares of Global Payments in a research note on Thursday, November 9th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price objective on Global Payments from $106.00 to $110.00 and gave the stock an equal weight rating in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $105.51.

Shares of Global Payments (GPN) opened at $105.00 on Thursday. The stock has a market capitalization of $17,004.37, a PE ratio of 60.10, a PEG ratio of 1.59 and a beta of 1.14. Global Payments has a 52 week low of $76.47 and a 52 week high of $113.26. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $943.39 million. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. research analysts expect that Global Payments will post 3.81 earnings per share for the current year.

In other news, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $100.43, for a total transaction of $60,258.00. Following the completion of the sale, the director now owns 38,275 shares in the company, valued at approximately $3,843,958.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 3,600 shares of company stock valued at $370,602. 0.93% of the stock is currently owned by corporate insiders.

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About Global Payments

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

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