123.30 0.00 (0.00%)
After hours: 4:56PM EST
|Bid||102.00 x 1100|
|Ask||136.87 x 1400|
|Day's Range||121.98 - 123.58|
|52 Week Range||94.81 - 129.25|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||43.42|
|Earnings Date||Feb 13, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||0.04 (0.03%)|
|1y Target Est||131.90|
On CNBC's "Mad Money Lightning Round" , Jim Cramer said that Zynga (NASDAQ: ZNGA ) has been a bad stock for a long time, but now it has become an up stock. He sees it as a speculative stock. ...
In fact, management has a “full” deal pipeline, said Sloan, a former Goldman Sachs banker who has led Global Payments since 2013. After at least two acquisitions in the past six months, he’s seeing some price premiums that are higher than he’s willing to pay. Instead, he sees more opportunities among publicly traded companies, especially when they report disappointing results, he added, declining to mention specific stocks.
Global Payments Inc. shares are up nearly 4% in midday trading Wednesday, after the financial-technology company beat expectations on the bottom line and increased its buyback program.
Global Payments (GPN) delivered earnings and revenue surprises of 0.76% and -21.11%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Shares of Global Payments Inc. edged up 0.5% in premarket trade Wednesday, after the payment technology company reported adjusted earnings that topped expectations and boosted its share repurchase program. Net income fell to $75.2 million, or 47 cents a share, from $242.0 million, or $1.51 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.33, above the FactSet consensus of $1.32. Net revenue fell to $880.6 million from $1.05 billion a year ago. Adjusted revenue plus network fees, which reflects the adoption of new accounting standards, rose to $1.038 billion from $923.74 million, in line with the FactSet consensus of $1.036 billion. For 2019, the company expects adjusted EPS of $5.90 to $6.10 and adjusted revenue plus network fees of $4.43 billion to $4.49 billion, compared with the FactSet EPS consensus of $6.04 and the revenue consensus of $4.43 billion. The company increased its stock repurchase program to $750 million. The stock has climbed 8.2% over the past three months through Tuesday, while the Dow Jones Industrial Average has tacked on 0.6%.
The Atlanta-based company said it had net income of 47 cents per share. Earnings, adjusted for non-recurring costs, were $1.33 per share. The results beat Wall Street expectations. The average estimate ...
Global Payments Inc. today announced results for the fourth quarter and year ended December 31, 2018.
Global Payments' (GPN) Q4 earnings should reflect growth in revenues, partly offset by a rise in increased interest expense and the adverse affect of foreign exchange movement.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll evaluate Global Payments Inc. (NYSE:GPN)Read More...
Global Payments Inc. , a leading worldwide provider of payment technology and software solutions, announced today that Jeff Sloan, Chief Executive Officer and Cameron Bready, Senior Executive Vice President and Chief Financial Officer will present at the Goldman Sachs Technology and Internet Conference 2019 in San Francisco at 8:50 a.m.
Global Payments Inc NYSE:GPNView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for GPN with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding GPN totaled $17.17 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Global Payments (GPN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Equifax has hired an executive from Global Payments to fill the role previously occupied by its interim CEO.
Global Payments Inc. , a leading worldwide provider of payment technology and software solutions, announced today the expansion of its Greater Giving fundraising software solutions to Canada.
Global Payments Inc. , a leading worldwide provider of payment technology and software solutions, will release fourth quarter and year-end 2018 results before the market opens on February 13, 2019.
Based on Global Payments Inc.'s (NYSE:GPN) earnings update in September 2018, analyst consensus outlook appear bearish, with earnings expected to decline by -11% in the upcoming year compared with the Read More...
Fiserv's acquisition Wednesday of struggling payment processor First Data could be the first in a wave of consolidations among fintech companies. Fiserv stock dropped.
Square (NYSE:SQ) is at the intersection of two troubling trends. As a result, speculators have been dumping Square stock for months now. SQ stock has plummeted from $100 recently to as low as $50 two weeks ago. In October, I warned, "If This Analyst Is Right, Square Stock Is About to Crash." At the time, Square was still trading for $80/share. Mark Palmer and Giuliano Bologna of BTIG released a scathing report at the time suggesting that SQ stock was worth just $30/share. And give them credit, it's been a great call so far. At the time, I suggested that $30 was a pretty fanciful target, but that Square stock certainly did seem like a sell. But what's happened in the ensuing three months? Is Square's current $58 price reasonable? InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Stocks in the Entrepreneur Index ### Square: Valued Like a Bank? One way that investors manage to lose lots of money, over and over, is by falsely labeling companies as "tech" outfits. Investors tend to give tech stocks, particularly in bull markets, extremely generous valuations. The so-called Fintech sector was clever in marketing themselves as tech first, rather than as quasi-banks. Tech companies get way more investor enthusiasm than financial firms. This is a central part of the bearish case for Square stock in particular. Bulls have long touted Square as a tech platform that should be valued in line with other innovative software or application firms. BTIG suggested otherwise, saying Square is much closer to a bank than the bulls would like to admit. You could also make the middle ground argument that Square should be priced like a credit card company such as Visa (NYSE:V) or Mastercard (NYSE:MA). However, both of these more favorable comparisons miss a major point. Pure tech companies usually don't lend to their customers, and the credit card companies tend to offload all the credit risk onto banks. There is a reason the credit card operators routinely trade for 20-25x earnings while big banks are often under 15x earnings. Visa makes money on every transaction with minimal risk, whereas the bank issuing the credit card shoulders the risk of the consumer not paying. Square is planting itself firmly in the bank category by lending directly to small businesses. This is arguably even riskier than normal credit card lending. Most consumers pay their credit card bills faithfully and generally only default if they lose their jobs or experience some catastrophe. Small businesses, on the other hand, go bankrupt exceptionally often. More than 20% of restaurants fail in their first year, and more than 50% within the first three years, for example. You wouldn't lend to small businesses for long without taking major credit risk. ### Core Business Isn't That Large There's always been an issue of just which customers Square should target. On the one hand, you had it making flashy deals with the likes of huge companies like Starbucks (NASDAQ:SBUX). On the other hand, Square's bread and butter has been small (often very small) businesses. Currently, Morningstar estimates that about half of Square's clients execute $125,000 or less in annual payments using Square's platform. In other words, just a few hundred dollars a day of payments on average. That's fine and well, if Square can get tons of business of this size to stay loyal to its platform, it can eventually make profits. However, once businesses start doing more annual revenues, they tend to want to switch to much cheaper payments providers such as Global Payments (NYSE:GPN). Thus, Square faces an inherent problem. You need tons of micro-businesses to reach profitable scale as a payments processor. But if you target more mid-sized businesses, then your profit margin on each transaction needs to come down a lot to stay competitive. So far, it seems Square has struggled to find the right balance to achieve consistent profitability. That, in turn, is probably why it is spending so much energy on newer products like Cash App along with riskier direct lending to its customers. ### Square Stock Has Further to Fall For Square stock, everything comes down to how the economy goes. If the economy keeps on humming and tech stocks recover from this correction, SQ stock will also come flying back. If the stock market and FAANGs hit new highs, SQ stock could even reach $100 again. But I'd argue Square is far from the best pick even if you are bullish on the market. It's important to keep your downside risk in mind. So many tech companies with fantastic balance sheets, strong profits, and little credit or recession risk are trading down 30-40% over the past few months. Square, on the other hand, is much more of a gamble. We have no idea what sort of returns Square Capital, its lending arm, will produce during a recession, but odds are they won't be good. More generally, Square's business model is still relatively unproven. Are there enough small businesses willing to pay Square's higher payment processing rates? The company has been around quite awhile now and still hasn't found a path to consistent profits. Instead, it seems to be adding ancillary services such as lending, the Cash App, bitcoin trading, and so on to try to augment a core business that just isn't that promising. If Square does reach solid profitability, a large part of that will probably come from its lending business. In that case, expect investors to view Square stock and trade it accordingly. Put it all together, and you have a company that has more downside risk than other tech firms in a recession. The combination of credit risk and tech stock selling has formed a vicious circle for Square. Even if things do turn around, Square will probably still underperform other tech outfits that have more compelling business models. With so many great tech companies on sale now, you can do better than SQ stock. At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy Down 20% in December * 5 Chinese Stocks to Avoid Now (But Buy Later) * 3 Big Gainers That Easily Could Be the Best Stocks to Buy Compare Brokers The post Things Are Going to Keep Getting Worse for Square Stock appeared first on InvestorPlace.
What to Expect from PayPal's Fourth-Quarter Earnings(Continued from Prior Part)Company on track to meet consensus EPS estimate PayPal (PYPL) is expected to report its fourth-quarter earnings on January 17.