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

Global Payments (NYSE:GPN) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Global Payments to post 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.01. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.18 billion. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 Price Performance

GPN opened at $126.95 on Wednesday. The company has a 50-day moving average of $129.88 and a 200-day moving average of $124.56. The company has a market capitalization of $32.38 billion, a P/E ratio of 33.58, a PEG ratio of 0.78 and a beta of 0.96. Global Payments has a 1-year low of $95.12 and a 1-year high of $141.77. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 0.99.

Global Payments Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GPN. BMO Capital Markets dropped their target price on shares of Global Payments from $138.00 to $137.00 and set a “market perform” rating for the company in a research report on Thursday, February 15th. UBS Group boosted their price objective on shares of Global Payments from $130.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Royal Bank of Canada boosted their price objective on shares of Global Payments from $154.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Evercore ISI lowered their price objective on shares of Global Payments from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Finally, StockNews.com downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.