Global Payments (GPN) Set to Announce Quarterly Earnings on Wednesday

Global Payments (NYSE:GPN) will be announcing its earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $2.76 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.07. Global Payments had a return on equity of 11.72% and a net margin of 13.40%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. On average, analysts expect Global Payments to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Global Payments Trading Up 0.2 %

Shares of GPN opened at $101.82 on Wednesday. The stock has a fifty day moving average price of $98.14 and a two-hundred day moving average price of $116.95. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. Global Payments has a 52-week low of $91.60 and a 52-week high of $141.77. The company has a market cap of $25.99 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 0.65 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Morgan Stanley lifted their price objective on Global Payments from $160.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Monness Crespi & Hardt cut their price objective on Global Payments from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Wells Fargo & Company assumed coverage on Global Payments in a research report on Wednesday, June 12th. They issued an “equal weight” rating and a $100.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $172.00 price objective on shares of Global Payments in a research report on Wednesday, July 10th. Finally, Barclays lowered their target price on Global Payments from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Global Payments presently has a consensus rating of “Moderate Buy” and an average target price of $145.32.

Insider Buying and Selling at Global Payments

In other Global Payments news, VP Andrea M. Carter sold 3,300 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $111.34, for a total value of $367,422.00. Following the completion of the transaction, the vice president now directly owns 25,209 shares of the company’s stock, valued at $2,806,770.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.98% of the company’s stock.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.