Global Payments (NYSE:GPN) Releases FY 2024 Earnings Guidance

by · The Cerbat Gem

Global Payments (NYSE:GPN – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 11.540-11.700 for the period, compared to the consensus EPS estimate of 11.570. The company issued revenue guidance of $9.2 billion-$9.3 billion, compared to the consensus revenue estimate of $9.2 billion. Global Payments also updated its FY24 guidance to $11.54-11.70 EPS.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GPN shares. BMO Capital Markets decreased their target price on Global Payments from $126.00 to $122.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 25th. Keefe, Bruyette & Woods reduced their price objective on shares of Global Payments from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. TD Cowen cut their target price on shares of Global Payments from $125.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. BNP Paribas upgraded Global Payments to a “strong sell” rating in a report on Wednesday, September 4th. Finally, Susquehanna reiterated a “positive” rating and issued a $147.00 price objective on shares of Global Payments in a report on Tuesday, September 17th. 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 company’s stock. Based on data from MarketBeat, Global Payments presently has an average rating of “Moderate Buy” and an average target price of $136.96.

Check Out Our Latest Stock Analysis on GPN

Global Payments Trading Up 0.7 %

Shares of NYSE GPN traded up $0.73 during mid-day trading on Friday, reaching $104.44. 2,469,217 shares of the company’s stock were exchanged, compared to its average volume of 2,273,868. The firm has a market capitalization of $26.57 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 0.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.92 and a current ratio of 0.93. Global Payments has a 52-week low of $91.60 and a 52-week high of $141.77. The company’s 50-day moving average is $104.72 and its 200-day moving average is $104.37.

Global Payments (NYSE:GPN – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.03. Global Payments had a net margin of 13.61% and a return on equity of 11.94%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm earned $2.48 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Analysts expect that Global Payments will post 11.05 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. Global Payments’s dividend payout ratio is presently 18.83%.

Insider Activity at Global Payments

In other news, CAO David M. Sheffield sold 1,651 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 20,531 shares of the company’s stock, valued at approximately $2,068,087.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.98% of the company’s stock.

Global Payments Company Profile

(Get Free Report)

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.

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