Global Payments (GPN) Scheduled to Post Earnings on Wednesday

Global Payments (NYSE:GPN - Get Free Report) will release 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.Individual that are interested in participating in the company's earnings conference call can do so using this link.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings data 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. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the company posted $2.30 earnings per share. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. 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

Shares of GPN traded up $0.60 during trading hours on Wednesday, hitting $127.47. The stock had a trading volume of 1,581,342 shares, compared to its average volume of 2,168,980. Global Payments has a 52 week low of $95.12 and a 52 week high of $141.77. The stock has a market capitalization of $32.52 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 0.80 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. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.99.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.78%. Global Payments's dividend payout ratio is 26.46%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GPN shares. Mizuho restated a "neutral" rating and set a $129.00 price target on shares of Global Payments in a research report on Wednesday, March 27th. Royal Bank of Canada boosted their target price on shares of Global Payments from $154.00 to $172.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. UBS Group raised their price target on shares of Global Payments from $130.00 to $145.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. StockNews.com lowered Global Payments from a "buy" rating to a "hold" rating in a research report on Tuesday, March 5th. Finally, TheStreet raised Global Payments from a "c" rating to a "b-" rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, Global Payments currently has an average rating of "Moderate Buy" and an average 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.