Global Payments (NYSE:GPN) Updates FY 2019 Earnings Guidance

Global Payments (NYSE:GPN) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $6.00-6.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.05. The company issued revenue guidance of $4.44-4.49 billion, compared to the consensus revenue estimate of $4.47 billion.Global Payments also updated its FY19 guidance to $6.00-6.15 EPS.

Shares of GPN traded up $0.56 during trading hours on Wednesday, reaching $167.92. 1,447,816 shares of the company traded hands, compared to its average volume of 1,317,476. The company has a market capitalization of $26.66 billion, a PE ratio of 32.35, a P/E/G ratio of 1.75 and a beta of 1.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.25. Global Payments has a 12-month low of $94.81 and a 12-month high of $172.20. The stock has a fifty day simple moving average of $162.69.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Global Payments had a net margin of 13.69% and a return on equity of 19.83%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 earnings per share. On average, analysts anticipate that Global Payments will post 5.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date is Thursday, September 12th. Global Payments’s dividend payout ratio (DPR) is presently 0.77%.

GPN has been the topic of a number of research analyst reports. Susquehanna Bancshares set a $200.00 price objective on shares of Global Payments and gave the company a buy rating in a report on Friday, July 26th. Robert W. Baird boosted their price objective on shares of Global Payments from $174.00 to $182.00 and gave the company an outperform rating in a report on Tuesday, July 9th. Bank of America upped their price target on shares of Global Payments from $160.00 to $180.00 and gave the company a buy rating in a report on Monday, June 17th. Barclays upped their price target on shares of Global Payments from $165.00 to $180.00 and gave the company an overweight rating in a report on Friday, July 19th. Finally, Zacks Investment Research raised shares of Global Payments from a sell rating to a hold rating and set a $163.00 price target on the stock in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the company. Global Payments currently has a consensus rating of Buy and a consensus price target of $159.02.

In related news, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $165.05, for a total transaction of $99,030.00. Following the completion of the transaction, the director now owns 30,188 shares in the company, valued at approximately $4,982,529.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Silberstein sold 700 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $157.95, for a total transaction of $110,565.00. Following the transaction, the director now owns 40,163 shares of the company’s stock, valued at approximately $6,343,745.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,550 shares of company stock valued at $831,625. Insiders own 0.88% of the company’s stock.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.

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Earnings History and Estimates for Global Payments (NYSE:GPN)

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