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

Global Payments (NYSE:GPN) is set to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce 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 that are interested in participating in the company’s earnings conference call can do so using this link.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 7th. The business services provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.03. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the company posted $2.48 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. 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 Down 0.7 %

Shares of NYSE GPN opened at $99.30 on Wednesday. The business’s fifty day moving average price is $105.79 and its 200-day moving average price is $105.30. Global Payments has a one year low of $91.60 and a one year high of $141.77. The stock 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. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.25 per share. The ex-dividend date was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. Global Payments’s dividend payout ratio is presently 19.84%.

Wall Street Analysts Forecast Growth

GPN has been the topic of a number of recent research reports. Evercore ISI dropped their price target on shares of Global Payments from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. StockNews.com lowered Global Payments from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. Stephens decreased their price objective on Global Payments from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. B. Riley reduced their target price on Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Finally, TD Cowen lowered their price target on shares of Global Payments from $125.00 to $122.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Global Payments has an average rating of “Moderate Buy” and an average target price of $137.65.

Insider Activity at Global Payments

In other Global Payments news, CAO David M. Sheffield sold 1,651 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was 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 owns 20,531 shares of the company’s stock, valued at $2,068,087.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.98% of the stock is currently owned by insiders.

About Global Payments

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.