Brokers Issue Forecasts for Total System Services, Inc.’s Q1 2018 Earnings (TSS)

Total System Services, Inc. (NYSE:TSS) – Equities researchers at KeyCorp raised their Q1 2018 EPS estimates for shares of Total System Services in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. KeyCorp analyst J. Beck now anticipates that the credit services provider will post earnings of $0.89 per share for the quarter, up from their previous estimate of $0.87. KeyCorp currently has a “Overweight” rating on the stock. KeyCorp also issued estimates for Total System Services’ Q3 2018 earnings at $0.91 EPS and Q4 2018 earnings at $0.79 EPS.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Cowen and Company restated a “buy” rating and set a $67.00 target price on shares of Total System Services in a research report on Thursday, September 7th. BMO Capital Markets raised their target price on shares of Total System Services from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Robert W. Baird raised their target price on shares of Total System Services from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus lowered shares of Total System Services from a “buy” rating to a “hold” rating and set a $69.00 price objective on the stock. in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $69.36.

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Shares of Total System Services (NYSE:TSS) traded up $0.10 on Friday, hitting $72.33. 1,126,500 shares of the stock were exchanged, compared to its average volume of 1,256,713. The company has a current ratio of 1.03, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $13,297.58, a price-to-earnings ratio of 23.04, a PEG ratio of 1.77 and a beta of 1.11. Total System Services has a twelve month low of $47.01 and a twelve month high of $73.84.

Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $852.80 million for the quarter, compared to analyst estimates of $842.30 million. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Total System Services by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 16,532,149 shares of the credit services provider’s stock worth $962,997,000 after buying an additional 525,686 shares during the last quarter. Synovus Financial Corp raised its stake in shares of Total System Services by 1.0% during the 2nd quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock worth $798,579,000 after buying an additional 134,998 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Total System Services by 422.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,395,728 shares of the credit services provider’s stock worth $256,053,000 after buying an additional 3,553,887 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Total System Services by 21.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,610,449 shares of the credit services provider’s stock worth $210,308,000 after buying an additional 649,271 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Total System Services by 26.5% during the 2nd quarter. Wells Fargo & Company MN now owns 3,222,462 shares of the credit services provider’s stock worth $187,708,000 after buying an additional 675,452 shares during the last quarter. 76.41% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Paul M. Todd sold 4,057 shares of Total System Services stock in a transaction on Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

Total System Services Company Profile

Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.

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Earnings History and Estimates for Total System Services (NYSE:TSS)

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