Worldpay (WP) Updates Q4 Earnings Guidance

Worldpay (NYSE:WP) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.05-1.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.09. The company issued revenue guidance of $1027-1055 million, compared to the consensus revenue estimate of $1.05 billion.Worldpay also updated its guidance to EPS.

WP traded down $2.19 on Friday, reaching $88.94. 126,759 shares of the company’s stock were exchanged, compared to its average volume of 2,304,198. The firm has a market capitalization of $28.83 billion, a PE ratio of 28.75, a PEG ratio of 1.56 and a beta of 0.84. Worldpay has a twelve month low of $68.08 and a twelve month high of $103.50. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73.

Worldpay (NYSE:WP) last posted its quarterly earnings results on Thursday, November 8th. The business services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. Worldpay’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 earnings per share. As a group, analysts predict that Worldpay will post 3.64 earnings per share for the current fiscal year.

WP has been the topic of a number of recent research reports. Royal Bank of Canada boosted their price target on shares of Worldpay from $101.00 to $103.00 and gave the stock a top pick rating in a research report on Friday, August 10th. Zacks Investment Research downgraded shares of Worldpay from a hold rating to a sell rating in a research note on Sunday, July 15th. Bank of America raised shares of Worldpay from a neutral rating to a buy rating and lifted their target price for the stock from $106.00 to $118.00 in a research note on Wednesday, October 3rd. Wedbush lifted their target price on shares of Worldpay from $100.00 to $120.00 and gave the stock an outperform rating in a research note on Friday, October 5th. Finally, KeyCorp lifted their target price on shares of Worldpay from $100.00 to $120.00 and gave the stock an overweight rating in a research note on Wednesday, September 5th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Worldpay presently has an average rating of Buy and a consensus price target of $100.59.

In other Worldpay news, COO Mark L. Heimbouch sold 29,676 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $98.26, for a total transaction of $2,915,963.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Philip Jansen sold 130,908 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $92.26, for a total transaction of $12,077,572.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 258,232 shares of company stock worth $24,772,828. 1.05% of the stock is owned by insiders.

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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. It operates through 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.

See Also: Outstanding Shares

Earnings History and Estimates for Worldpay (NYSE:WP)

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