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

Global Payments (NYSE:GPN) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.41 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 interested in listening to the company’s conference call can do so using this link.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.01. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $2.30 EPS. 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 $126.95 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $32.38 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 0.78 and a beta of 0.96. The company’s fifty day moving average is $129.88 and its two-hundred day moving average is $124.56. Global Payments has a 52-week low of $95.12 and a 52-week high of $141.77.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.79%. Global Payments’s dividend payout ratio is 26.46%.

Analysts Set New Price Targets

GPN has been the topic of several research analyst reports. Evercore ISI decreased their price target on shares of Global Payments from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. TheStreet raised shares of Global Payments from a “c” rating to a “b-” rating in a report on Thursday, February 1st. Susquehanna raised their price objective on shares of Global Payments from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Thursday, February 15th. KeyCorp raised their price objective on shares of Global Payments from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Finally, Mizuho reaffirmed a “neutral” rating and set a $129.00 price objective on shares of Global Payments in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.92.

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.