Global Payments Reports Second Quarter Earnings, Sets Calendar 2017 Growth Targets and Increases Synergy Estimates
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Oppenheimer Raises Price Target on Global Payments (GPN) Following Solid 2Q
January 10, 2017 9:24 AM ESTOppenheimer reiterated an Outperform rating on Global Payments (NYSE: GPN), and raised the price target to $88.00 (from $85.00), following the company's 2Q earnings report. GPN delivered 2Q cash EPS growth of ~16% Y/Y to $0.89 compared to the Street's 0.84 estimates.
Analyst Glenn Greene commented, "Global Payments... More
Global Payments (GPN) Tops Q2 EPS by 5c; Raises Outlook
January 9, 2017 7:00 AM ESTGlobal Payments (NYSE: GPN) reported Q2 EPS of $0.89, $0.05 better than the analyst estimate of $0.84. Revenue for the quarter came in at $817.2 million versus the consensus estimate of $803.55 million.
GUIDANCE:
Global Payments sees FY2017 EPS of $3.70-$3.90, versus the consensus of $3.51. Global Payments sees FY2017 revenue of $3.35-3.45 billion, versus the consensus of $3.25... More
