Global Payments (NYSE:GPN) Issues Earnings Results, Beats Estimates By $0.15 EPS

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Global Payments (NYSE:GPN) released its quarterly earnings data on Tuesday. The business services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.67 by $0.15, MarketWatch Earnings reports. Global Payments had a net margin of 6.75% and a return on equity of 6.46%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Global Payments updated its FY21 guidance to $7.87 to $8.07 EPS and its FY 2021 guidance to 7.870-8.070 EPS.

Shares of NYSE:GPN traded down $7.60 on Tuesday, hitting $204.87. 54,218 shares of the company’s stock were exchanged, compared to its average volume of 1,594,953. Global Payments has a 1-year low of $153.33 and a 1-year high of $220.81. The company has a market capitalization of $60.46 billion, a PE ratio of 126.47, a P/E/G ratio of 1.81 and a beta of 1.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50-day moving average is $211.66 and its 200 day moving average is $197.38.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, March 12th were issued a $0.195 dividend. The ex-dividend date was Thursday, March 11th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.38%. Global Payments’s payout ratio is 13.31%.

In other Global Payments news, Director William I. Jacobs sold 500 shares of Global Payments stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $215.21, for a total value of $107,605.00. Following the transaction, the director now directly owns 20,893 shares in the company, valued at approximately $4,496,382.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul M. Todd sold 28,341 shares of the company’s stock in a transaction that occurred on Tuesday, March 2nd. The stock was sold at an average price of $202.44, for a total value of $5,737,352.04. In the last 90 days, insiders have sold 117,645 shares of company stock valued at $23,231,757. 0.88% of the stock is owned by company insiders.

Global Payments announced that its board has authorized a share buyback plan on Monday, February 8th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

A number of analysts recently issued reports on the company. Compass Point downgraded Global Payments from a “buy” rating to a “neutral” rating and set a $220.00 price target for the company. in a research report on Friday, February 12th. Susquehanna lifted their target price on Global Payments from $220.00 to $239.00 and gave the company a “positive” rating in a research report on Tuesday, February 9th. Deutsche Bank Aktiengesellschaft increased their price target on Global Payments from $207.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James decreased their price objective on Global Payments from $206.00 to $205.00 and set an “outperform” rating for the company in a report on Wednesday, February 3rd. Finally, Susquehanna Bancshares increased their target price on shares of Global Payments from $220.00 to $239.00 and gave the stock a “positive” rating in a report on Tuesday, February 9th. Five equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Global Payments has a consensus rating of “Buy” and an average target price of $213.14.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions. The Merchant Solutions segment 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 on-line reporting services.

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Earnings History for Global Payments (NYSE:GPN)

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