Global Payments (NYSE:GPN) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Global Payments (NYSE:GPN) released its quarterly earnings results on Tuesday. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.05, Briefing.com reports. Global Payments had a return on equity of 19.83% and a net margin of 13.69%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The business’s revenue was up 13.4% on a year-over-year basis. Global Payments updated its FY 2019 guidance to $6.00-6.15 EPS and its FY19 guidance to $6.00-6.15 EPS.

Shares of NYSE GPN traded up $0.56 on Wednesday, reaching $167.92. 1,447,816 shares of the company traded hands, compared to its average volume of 1,317,476. Global Payments has a fifty-two week low of $94.81 and a fifty-two week high of $172.20. The firm’s 50 day moving average is $162.92. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $26.66 billion, a PE ratio of 32.35, a PEG ratio of 1.75 and a beta of 1.03.

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 paid 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 of this dividend is Thursday, September 12th. Global Payments’s dividend payout ratio is currently 0.77%.

Several brokerages recently weighed in on GPN. Barclays boosted their target price on shares of Global Payments from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Piper Jaffray Companies reissued an “overweight” rating and issued a $195.00 target price (up previously from $187.00) on shares of Global Payments in a research note on Wednesday. Susquehanna Bancshares set a $200.00 target price on shares of Global Payments and gave the company a “buy” rating in a research note on Friday, July 26th. Morgan Stanley boosted their target price on shares of Global Payments from $128.00 to $137.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 7th. Finally, Guggenheim raised shares of Global Payments from a “neutral” rating to a “buy” rating in a research note on Thursday, May 30th. One investment 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’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $159.72.

In other news, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $165.05, for a total transaction of $99,030.00. Following the completion of the sale, the director now owns 30,188 shares in the company, valued at approximately $4,982,529.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan M. Silberstein sold 700 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $157.95, for a total value of $110,565.00. Following the sale, 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 ninety days, insiders have sold 5,550 shares of company stock valued at $831,625. Corporate insiders own 0.88% of the company’s stock.

About Global Payments

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 for Global Payments (NYSE:GPN)

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