Global Payments Inc. (NYSE:GPN) to Post FY2023 Earnings of $9.77 Per Share, William Blair Forecasts

Global Payments Inc. (NYSE:GPNFree Report) – Investment analysts at William Blair issued their FY2023 earnings per share estimates for Global Payments in a report issued on Tuesday, January 30th. William Blair analyst C. Kennedy anticipates that the business services provider will post earnings of $9.77 per share for the year. The consensus estimate for Global Payments’ current full-year earnings is $9.78 per share. William Blair also issued estimates for Global Payments’ Q4 2023 earnings at $2.51 EPS, Q1 2024 earnings at $2.45 EPS, Q2 2024 earnings at $2.75 EPS, Q3 2024 earnings at $2.92 EPS, Q4 2024 earnings at $2.89 EPS and FY2024 earnings at $11.01 EPS.

GPN has been the subject of a number of other research reports. Mizuho lifted their price target on Global Payments from $110.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Raymond James reduced their price target on Global Payments from $155.00 to $147.00 and set an “outperform” rating for the company in a report on Wednesday, November 1st. Oppenheimer boosted their price objective on Global Payments from $130.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a report on Friday. Finally, UBS Group restated a “neutral” rating and set a $130.00 price objective on shares of Global Payments in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Global Payments currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.56.

Read Our Latest Stock Report on GPN

Global Payments Trading Up 1.6 %

Global Payments stock opened at $135.31 on Thursday. Global Payments has a 52 week low of $94.05 and a 52 week high of $138.07. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $35.23 billion, a P/E ratio of 40.51, a PEG ratio of 0.83 and a beta of 1.00. The stock has a 50-day simple moving average of $126.53 and a 200 day simple moving average of $120.34.

Global Payments (NYSE:GPNGet Free Report) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.20. Global Payments had a return on equity of 11.28% and a net margin of 9.23%. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the company posted $2.37 earnings per share. Global Payments’s quarterly revenue was up 8.3% on a year-over-year basis.

Institutional Trading of Global Payments

Institutional investors have recently modified their holdings of the business. Retirement Planning Co of New England Inc. boosted its position in Global Payments by 3.7% during the second quarter. Retirement Planning Co of New England Inc. now owns 2,323 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 83 shares during the last quarter. Penserra Capital Management LLC boosted its position in Global Payments by 6.4% during the first quarter. Penserra Capital Management LLC now owns 1,389 shares of the business services provider’s stock valued at $190,000 after acquiring an additional 83 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its position in Global Payments by 0.5% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 17,142 shares of the business services provider’s stock valued at $1,689,000 after acquiring an additional 91 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in Global Payments by 3.8% during the third quarter. Coldstream Capital Management Inc. now owns 2,485 shares of the business services provider’s stock valued at $287,000 after acquiring an additional 91 shares during the last quarter. Finally, Fulton Bank N.A. boosted its position in Global Payments by 1.7% during the fourth quarter. Fulton Bank N.A. now owns 5,409 shares of the business services provider’s stock valued at $687,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 85.23% 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 three segments: Merchant Solutions, Issuer Solutions, and Consumer 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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