Equities research analysts forecast that Worldpay Inc (NYSE:WP) will post sales of $979.12 million for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Worldpay’s earnings. The highest sales estimate is $987.69 million and the lowest is $967.80 million. Worldpay posted sales of $530.03 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 84.7%. The business is expected to announce its next quarterly earnings report on Wednesday, August 8th.
According to Zacks, analysts expect that Worldpay will report full-year sales of $3.88 billion for the current financial year, with estimates ranging from $3.86 billion to $3.91 billion. For the next year, analysts forecast that the company will post sales of $4.26 billion per share, with estimates ranging from $4.19 billion to $4.31 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Worldpay.
Worldpay (NYSE:WP) last announced its quarterly earnings results on Thursday, May 10th. The business services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The firm had revenue of $850.70 million for the quarter, compared to analysts’ expectations of $838.22 million. Worldpay had a net margin of 0.09% and a return on equity of 20.14%. Worldpay’s revenue was up 81.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share.
A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $99.00 price target on shares of Worldpay in a research report on Tuesday, March 6th. Zacks Investment Research raised shares of Worldpay from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Guggenheim reissued a “buy” rating and set a $93.00 target price on shares of Worldpay in a research report on Tuesday, March 6th. BMO Capital Markets reissued an “outperform” rating and set a $97.00 target price (up from $95.00) on shares of Worldpay in a research report on Thursday, March 1st. Finally, Stifel Nicolaus boosted their target price on shares of Worldpay from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $85.60.
In related news, CFO Stephanie Ferris sold 7,790 shares of Worldpay stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $80.92, for a total value of $630,366.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles Drucker sold 85,000 shares of Worldpay stock in a transaction on Monday, May 21st. The stock was sold at an average price of $82.20, for a total transaction of $6,987,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,493 shares of company stock valued at $11,730,899. Insiders own 1.05% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in WP. Pendal Group Ltd bought a new stake in Worldpay during the first quarter valued at $108,000. Robecosam AG bought a new stake in Worldpay during the first quarter valued at $123,000. SWS Partners bought a new stake in Worldpay during the first quarter valued at $128,000. Envestnet Asset Management Inc. bought a new stake in Worldpay during the first quarter valued at $134,000. Finally, IFP Advisors Inc bought a new stake in Worldpay during the first quarter valued at $208,000.
Shares of Worldpay opened at $85.08 on Friday, Marketbeat reports. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.55 and a beta of 0.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.94 and a current ratio of 0.94. Worldpay has a fifty-two week low of $59.10 and a fifty-two week high of $86.06.
Worldpay Company Profile
Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.
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