Global Payments (GPN) Expected to Announce Earnings on Wednesday

Global Payments (NYSE:GPN) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $2.98 per share and revenue of $2.30 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Global Payments Stock Performance

Shares of NYSE:GPN opened at $110.12 on Wednesday. The business has a 50-day moving average of $112.66 and a two-hundred day moving average of $108.14. The firm has a market capitalization of $28.03 billion, a PE ratio of 20.74, a P/E/G ratio of 0.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Global Payments has a 12 month low of $91.60 and a 12 month high of $141.77.

Insider Buying and Selling at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the purchase, the director now directly owns 42,738 shares of the company’s stock, valued at $4,957,608. This represents a 15.70 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Sanford C. Bernstein downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $135.00 to $112.00 in a research report on Tuesday, October 22nd. Morgan Stanley increased their price objective on shares of Global Payments from $156.00 to $166.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada cut their price objective on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $135.71.

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.