Worldpay Inc (WP) Expected to Post Earnings of $1.08 Per Share

Equities analysts expect Worldpay Inc (NYSE:WP) to announce earnings per share (EPS) of $1.08 for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Worldpay’s earnings, with estimates ranging from $1.05 to $1.10. Worldpay posted earnings per share of $0.97 in the same quarter last year, which indicates a positive year over year growth rate of 11.3%. The firm is expected to issue its next earnings results on Wednesday, February 27th.

According to Zacks, analysts expect that Worldpay will report full year earnings of $3.99 per share for the current financial year, with EPS estimates ranging from $3.95 to $4.02. For the next fiscal year, analysts forecast that the company will post earnings of $4.65 per share, with EPS estimates ranging from $4.47 to $4.83. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Worldpay.

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. Worldpay had a positive return on equity of 11.66% and a negative net margin of 3.99%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned $0.90 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis.

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $115.00 price target on shares of Worldpay in a research note on Thursday, October 4th. Bank of America raised Worldpay from a “neutral” rating to a “buy” rating and upped their price target for the stock from $106.00 to $118.00 in a research note on Wednesday, October 3rd. BMO Capital Markets assumed coverage on Worldpay in a research note on Wednesday, September 26th. They set an “outperform” rating and a $129.00 price target on the stock. Wedbush upped their price target on Worldpay from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, October 5th. Finally, KeyCorp upped their price target on Worldpay from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 5th. Four equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Worldpay presently has a consensus rating of “Buy” and an average price target of $101.03.

WP stock opened at $83.01 on Friday. Worldpay has a fifty-two week low of $71.40 and a fifty-two week high of $103.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $25.64 billion, a P/E ratio of 26.78, a PEG ratio of 1.41 and a beta of 0.79.

In other news, insider Rohinton Kalifa sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $100.77, for a total value of $7,557,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mark L. Heimbouch sold 29,676 shares of the company’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 value of $2,915,963.76. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.

A number of institutional investors have recently bought and sold shares of WP. Laurion Capital Management LP purchased a new position in Worldpay in the second quarter valued at approximately $151,768,000. Allianz Asset Management GmbH lifted its position in shares of Worldpay by 839.0% during the third quarter. Allianz Asset Management GmbH now owns 1,792,492 shares of the business services provider’s stock worth $181,526,000 after acquiring an additional 1,601,593 shares in the last quarter. FMR LLC lifted its position in shares of Worldpay by 32.7% during the third quarter. FMR LLC now owns 6,186,896 shares of the business services provider’s stock worth $626,546,000 after acquiring an additional 1,523,722 shares in the last quarter. Putnam Investments LLC lifted its position in shares of Worldpay by 1,948.7% during the third quarter. Putnam Investments LLC now owns 1,277,094 shares of the business services provider’s stock worth $129,331,000 after acquiring an additional 1,214,757 shares in the last quarter. Finally, LA Financiere DE L Echiquier purchased a new stake in shares of Worldpay during the third quarter worth $86,167,000. Institutional investors and hedge funds own 88.63% of the company’s stock.

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 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.

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