Worldpay Inc (WP) Expected to Post Earnings of $0.89 Per Share

Brokerages predict that Worldpay Inc (NYSE:WP) will post earnings of $0.89 per share for the current quarter, according to Zacks. Eleven analysts have made estimates for Worldpay’s earnings, with estimates ranging from $0.87 to $0.90. Worldpay reported earnings of $0.81 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.9%. The firm is expected to report its next quarterly earnings report on Thursday, May 9th.

On average, analysts expect that Worldpay will report full-year earnings of $4.58 per share for the current year, with EPS estimates ranging from $4.51 to $4.62. For the next fiscal year, analysts expect that the firm will report earnings of $5.36 per share, with EPS estimates ranging from $5.24 to $5.55. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Worldpay.

Worldpay (NYSE:WP) last released its quarterly earnings results on Tuesday, February 26th. The business services provider reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Worldpay had a net margin of 0.33% and a return on equity of 10.80%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the company earned $0.97 earnings per share. The business’s quarterly revenue was up 84.5% compared to the same quarter last year.

Several research analysts recently commented on the stock. Craig Hallum reduced their target price on shares of Worldpay from $110.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, January 15th. Zacks Investment Research upgraded shares of Worldpay from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Cantor Fitzgerald restated a “buy” rating and set a $105.00 target price on shares of Worldpay in a report on Tuesday, February 26th. Wedbush reduced their target price on shares of Worldpay from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, January 29th. Finally, Royal Bank of Canada restated a “buy” rating and set a $110.00 target price on shares of Worldpay in a report on Wednesday, February 27th. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $107.09.

In other news, EVP Royal Cole sold 61,257 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $96.14, for a total value of $5,889,247.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.05% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in WP. Oregon Public Employees Retirement Fund bought a new position in Worldpay during the fourth quarter worth about $37,000. CWM LLC increased its position in Worldpay by 124.7% during the fourth quarter. CWM LLC now owns 501 shares of the business services provider’s stock worth $38,000 after acquiring an additional 278 shares during the period. Karp Capital Management Corp bought a new position in Worldpay during the fourth quarter worth about $38,000. Captrust Financial Advisors increased its position in Worldpay by 399.1% during the fourth quarter. Captrust Financial Advisors now owns 559 shares of the business services provider’s stock worth $43,000 after acquiring an additional 447 shares during the period. Finally, Lavaca Capital LLC bought a new position in Worldpay during the fourth quarter worth about $69,000. 90.37% of the stock is currently owned by institutional investors and hedge funds.

WP traded down $1.36 during trading hours on Friday, hitting $97.69. 2,015,268 shares of the company’s stock were exchanged, compared to its average volume of 2,402,105. Worldpay has a 1-year low of $70.41 and a 1-year high of $103.50. The stock has a market capitalization of $30.48 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.46 and a beta of 0.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75.

Worldpay Company Profile

Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States, Europe, and Asia. It operates in two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.

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Earnings History and Estimates for Worldpay (NYSE:WP)

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