Worldpay Inc (NYSE:WP) – Northcoast Research issued their FY2018 EPS estimates for shares of Worldpay in a research note issued on Thursday, Zacks Investment Research reports. Northcoast Research analyst K. Mehta expects that the business services provider will earn $3.72 per share for the year. Northcoast Research has a “Neutral” rating on the stock.
Other equities analysts have also recently issued reports about the company. Jefferies Group raised Worldpay from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Thursday, December 14th. Cantor Fitzgerald reissued a “buy” rating and set a $79.00 price target on shares of Worldpay in a report on Tuesday, December 12th. Buckingham Research raised Worldpay from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Friday, December 8th. Cowen reissued a “buy” rating and set a $84.00 price target on shares of Worldpay in a report on Thursday, December 7th. Finally, Deutsche Bank increased their price target on Worldpay to $82.00 and gave the company a “buy” rating in a report on Monday, December 4th. Seven equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $83.59.
Worldpay (WP) traded down $0.62 during midday trading on Monday, hitting $84.41. The stock had a trading volume of 4,488,167 shares, compared to its average volume of 4,922,033. The company has a market cap of $15,118.77, a PE ratio of 26.65, a price-to-earnings-growth ratio of 1.55 and a beta of 0.62. The company has a debt-to-equity ratio of 9.31, a current ratio of 0.75 and a quick ratio of 0.75. Worldpay has a 12-month low of $59.10 and a 12-month high of $85.53.
Worldpay (NYSE:WP) last released its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.01). The business had revenue of $569.00 million during the quarter, compared to the consensus estimate of $563.04 million. Worldpay had a net margin of 3.23% and a return on equity of 52.03%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share.
In related news, EVP Royal Cole sold 44,283 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $83.17, for a total value of $3,683,017.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kimberly Martin sold 5,308 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $82.96, for a total transaction of $440,351.68. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in WP. Boston Family Office LLC bought a new stake in Worldpay in the fourth quarter worth about $484,000. Eagle Asset Management Inc. bought a new stake in Worldpay in the fourth quarter worth about $38,764,000. Twin Tree Management LP bought a new stake in Worldpay in the fourth quarter worth about $651,000. Navellier & Associates Inc bought a new stake in Worldpay in the fourth quarter worth about $3,503,000. Finally, Quantitative Investment Management LLC bought a new stake in Worldpay in the fourth quarter worth about $9,693,000.
Worldpay, Inc, formerly Vantiv, Inc, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Worldpay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worldpay and related companies with MarketBeat.com's FREE daily email newsletter.