Global Payments Inc. (NYSE:GPN) to Post Q3 2024 Earnings of $2.97 Per Share, William Blair Forecasts

Global Payments Inc. (NYSE:GPN) – Stock analysts at William Blair boosted their Q3 2024 earnings estimates for Global Payments in a research note issued to investors on Wednesday, September 25th. William Blair analyst A. Jeffrey now expects that the business services provider will earn $2.97 per share for the quarter, up from their prior estimate of $2.93. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for Global Payments’ current full-year earnings is $11.07 per share. William Blair also issued estimates for Global Payments’ Q4 2024 earnings at $2.76 EPS, FY2024 earnings at $10.98 EPS, Q1 2025 earnings at $2.69 EPS, Q2 2025 earnings at $3.10 EPS, Q3 2025 earnings at $3.30 EPS, Q4 2025 earnings at $3.01 EPS and FY2025 earnings at $12.10 EPS.

Other research analysts have also recently issued research reports about the stock. Monness Crespi & Hardt cut their target price on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore ISI cut their target price on shares of Global Payments from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. BTIG Research lowered Global Payments from a “buy” rating to a “neutral” rating in a research note on Wednesday. Wells Fargo & Company began coverage on Global Payments in a research note on Wednesday, June 12th. They issued an “equal weight” rating and a $100.00 price target for the company. Finally, Stephens reaffirmed an “overweight” rating and issued a $130.00 price target on shares of Global Payments in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.36.

Global Payments Stock Up 3.4 %

Shares of NYSE GPN opened at $101.02 on Friday. Global Payments has a one year low of $91.60 and a one year high of $141.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50 day simple moving average is $105.57 and its two-hundred day simple moving average is $109.32. The stock has a market capitalization of $25.79 billion, a P/E ratio of 20.04, a PEG ratio of 0.71 and a beta of 0.98.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.03. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a net margin of 14.26% and a return on equity of 11.93%. Global Payments’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.48 earnings per share.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, September 13th. Global Payments’s dividend payout ratio is presently 19.84%.

Insider Transactions at Global Payments

In other news, CAO David M. Sheffield sold 1,651 shares of Global Payments stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $100.73, for a total value of $166,305.23. Following the completion of the transaction, the chief accounting officer now owns 20,531 shares of the company’s stock, valued at approximately $2,068,087.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Global Payments

Large investors have recently bought and sold shares of the business. New Covenant Trust Company N.A. bought a new stake in Global Payments in the 1st quarter worth about $31,000. LRI Investments LLC bought a new stake in Global Payments in the 1st quarter worth about $32,000. West Paces Advisors Inc. increased its holdings in Global Payments by 54.5% in the 1st quarter. West Paces Advisors Inc. now owns 309 shares of the business services provider’s stock worth $41,000 after buying an additional 109 shares in the last quarter. POM Investment Strategies LLC bought a new stake in Global Payments in the 2nd quarter worth about $32,000. Finally, North Star Investment Management Corp. increased its holdings in Global Payments by 154.7% in the 1st quarter. North Star Investment Management Corp. now owns 354 shares of the business services provider’s stock worth $47,000 after buying an additional 215 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.

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.