Equities research analysts expect that Worldpay Inc (NYSE:WP) will post sales of $838.35 million for the current quarter, according to Zacks. Nine analysts have issued estimates for Worldpay’s earnings, with the highest sales estimate coming in at $850.00 million and the lowest estimate coming in at $831.30 million. Worldpay reported sales of $470.11 million during the same quarter last year, which indicates a positive year over year growth rate of 78.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Worldpay will report full-year sales of $3.87 billion for the current financial year, with estimates ranging from $3.85 billion to $3.89 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.24 billion per share, with estimates ranging from $4.16 billion to $4.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Worldpay.
Worldpay (NYSE:WP) last announced its earnings results on Wednesday, February 28th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Worldpay had a return on equity of 52.03% and a net margin of 3.23%. The business had revenue of $569.00 million for the quarter, compared to analysts’ expectations of $563.04 million. During the same quarter last year, the business posted $0.75 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis.
A number of equities analysts recently weighed in on the stock. SunTrust Banks lifted their price objective on shares of Worldpay from $69.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, January 4th. Citigroup lifted their price objective on shares of Worldpay from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. Northcoast Research reiterated a “neutral” rating on shares of Worldpay in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of Worldpay from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, Deutsche Bank lifted their price objective on shares of Worldpay from $82.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. Seven research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $84.40.
In other news, SVP Christopher A. Thompson sold 14,127 shares of Worldpay stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $83.82, for a total transaction of $1,184,125.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matt Taylor sold 38,028 shares of Worldpay stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $80.54, for a total value of $3,062,775.12. The disclosure for this sale can be found here. Insiders have sold a total of 149,599 shares of company stock valued at $12,325,798 in the last ninety days. Corporate insiders own 1.05% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Boston Family Office LLC acquired a new position in Worldpay in the 4th quarter valued at about $484,000. Twin Tree Management LP acquired a new position in Worldpay in the 4th quarter valued at about $651,000. Navellier & Associates Inc acquired a new position in Worldpay in the 4th quarter valued at about $3,503,000. Macquarie Group Ltd. acquired a new position in Worldpay in the 4th quarter valued at about $8,429,000. Finally, Quantitative Investment Management LLC acquired a new position in Worldpay in the 4th quarter valued at about $9,693,000.
NYSE:WP traded up $0.48 during midday trading on Friday, reaching $83.41. The stock had a trading volume of 927,079 shares, compared to its average volume of 3,999,294. Worldpay has a 12-month low of $59.10 and a 12-month high of $85.53. The company has a debt-to-equity ratio of 9.31, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $14,505.20, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 1.49 and a beta of 0.58.
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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.
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