Global Payments (GPN) to Release Quarterly Earnings on Wednesday

Global Payments (NYSE:GPN) is set to release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Global Payments to post earnings of $2.98 per share for the quarter. Global Payments has set its FY24 guidance at $11.54-11.70 EPS and its FY 2024 guidance at 11.540-11.700 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.03. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.32 billion. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.48 earnings per share. On average, analysts expect Global Payments to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Global Payments Stock Performance

NYSE:GPN opened at $99.30 on Wednesday. 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 fifty-two week low of $91.60 and a fifty-two week high of $141.77. The company has a 50 day simple moving average of $105.79 and a two-hundred day simple moving average of $105.30. The company has a market capitalization of $25.35 billion, a PE ratio of 19.70, a P/E/G ratio of 0.74 and a beta of 0.98.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, September 13th. Global Payments’s dividend payout ratio (DPR) is presently 19.84%.

Analysts Set New Price Targets

GPN has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Global Payments from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, September 30th. Oppenheimer started coverage on Global Payments in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Morgan Stanley cut their target price on Global Payments from $164.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. Stephens lowered their target price on Global Payments from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Finally, BTIG Research cut Global Payments from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Global Payments has a consensus rating of “Moderate Buy” and an average price target of $137.65.

Insider Activity

In other Global Payments news, CAO David M. Sheffield sold 1,651 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $100.73, for a total value of $166,305.23. Following the completion of the sale, the chief accounting officer now directly owns 20,531 shares of the company’s stock, valued at approximately $2,068,087.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.98% of the stock is currently owned by corporate insiders.

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.