Wall Street brokerages forecast that Total System Services, Inc. (NYSE:TSS) will post earnings per share (EPS) of $1.07 for the current quarter, Zacks reports. Eight analysts have provided estimates for Total System Services’ earnings, with estimates ranging from $1.05 to $1.11. Total System Services reported earnings per share of $0.85 during the same quarter last year, which would indicate a positive year over year growth rate of 25.9%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, July 24th.
According to Zacks, analysts expect that Total System Services will report full year earnings of $4.33 per share for the current financial year, with EPS estimates ranging from $4.20 to $4.40. For the next financial year, analysts forecast that the company will report earnings of $4.74 per share, with EPS estimates ranging from $4.50 to $4.96. Zacks’ EPS averages are an average based on a survey of research analysts that cover Total System Services.
Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, April 24th. The credit services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.00 by $0.13. The firm had revenue of $987.20 million for the quarter, compared to analyst estimates of $910.10 million. Total System Services had a return on equity of 28.22% and a net margin of 13.15%. Total System Services’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share.
Several equities analysts have issued reports on TSS shares. Morgan Stanley raised their price objective on Total System Services from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 25th. KeyCorp raised their price objective on Total System Services from $92.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, April 23rd. Zacks Investment Research lowered Total System Services from a “buy” rating to a “hold” rating and set a $96.00 price objective on the stock. in a report on Wednesday, March 28th. ValuEngine raised Total System Services from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Credit Suisse Group raised their price objective on Total System Services from $87.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, April 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $86.48.
In related news, EVP Patricia A. Watson sold 15,332 shares of the firm’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $85.36, for a total value of $1,308,739.52. Following the completion of the sale, the executive vice president now owns 30,213 shares in the company, valued at $2,578,981.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.40% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in TSS. Tower Research Capital LLC TRC lifted its position in shares of Total System Services by 463.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the credit services provider’s stock valued at $181,000 after acquiring an additional 1,888 shares during the period. American International Group Inc. lifted its position in shares of Total System Services by 10.9% during the 4th quarter. American International Group Inc. now owns 63,727 shares of the credit services provider’s stock valued at $5,040,000 after acquiring an additional 6,263 shares during the period. Norinchukin Bank The lifted its position in shares of Total System Services by 7.2% during the 4th quarter. Norinchukin Bank The now owns 13,376 shares of the credit services provider’s stock valued at $1,058,000 after acquiring an additional 898 shares during the period. Baird Financial Group Inc. acquired a new stake in shares of Total System Services during the 4th quarter valued at approximately $223,000. Finally, Suntrust Banks Inc. lifted its position in shares of Total System Services by 29.9% during the 4th quarter. Suntrust Banks Inc. now owns 41,450 shares of the credit services provider’s stock valued at $3,277,000 after acquiring an additional 9,540 shares during the period. Hedge funds and other institutional investors own 76.18% of the company’s stock.
Total System Services traded up $1.15, hitting $83.69, during trading hours on Monday, MarketBeat reports. The company’s stock had a trading volume of 37,141 shares, compared to its average volume of 1,162,789. The firm has a market capitalization of $15.41 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.97. Total System Services has a 52-week low of $57.53 and a 52-week high of $90.74.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Thursday, June 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, June 20th. This represents a $0.52 dividend on an annualized basis and a yield of 0.62%. Total System Services’s payout ratio is currently 16.15%.
About Total System Services
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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