Global Payments (GPN) Scheduled to Post 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.Parties that are interested in registering for the company’s 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 the consensus estimate of $2.90 by $0.03. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company 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 Trading Up 2.7 %

Shares of NYSE:GPN opened at $101.76 on Tuesday. The stock has a 50 day moving average of $105.15 and a 200 day moving average of $104.55. The company has a market cap of $25.97 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 0.74 and a beta of 0.98. Global Payments has a 12-month low of $91.60 and a 12-month high of $141.77. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.98%. Global Payments’s payout ratio is currently 19.84%.

Insider Transactions at Global Payments

In related 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 transaction of $166,305.23. Following the transaction, the chief accounting officer now directly owns 20,531 shares in the company, 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 this hyperlink. Company insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GPN shares. Royal Bank of Canada decreased their price objective on shares of Global Payments from $158.00 to $143.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. StockNews.com downgraded Global Payments from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Morgan Stanley dropped their price objective on Global Payments from $164.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. TD Cowen decreased their target price on Global Payments from $125.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Finally, William Blair downgraded Global Payments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $137.65.

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.