Equities research analysts predict that Worldpay Inc (NYSE:WP) will announce $1.18 earnings per share for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Worldpay’s earnings, with the lowest EPS estimate coming in at $1.18 and the highest estimate coming in at $1.19. Worldpay reported earnings per share of $1.04 in the same quarter last year, which would indicate a positive year over year growth rate of 13.5%. The company is expected to issue its next quarterly earnings results on Thursday, August 8th.

On average, analysts expect that Worldpay will report full year earnings of $4.67 per share for the current year, with EPS estimates ranging from $4.64 to $4.72. For the next financial year, analysts forecast that the firm will report earnings of $5.45 per share, with EPS estimates ranging from $5.34 to $5.60. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Worldpay.

Worldpay (NYSE:WP) last announced its earnings results on Thursday, May 2nd. The business services provider reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.10. Worldpay had a net margin of 3.63% and a return on equity of 11.28%. The business had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $950.37 million. During the same period in the prior year, the company earned $0.81 earnings per share. The firm’s revenue was up 14.0% on a year-over-year basis.

WP has been the subject of a number of research reports. Craig Hallum cut shares of Worldpay from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Citigroup set a $317.00 target price on shares of Mastercard and gave the company a “buy” rating in a report on Friday, July 19th. Royal Bank of Canada raised shares of Viacom from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $31.00 to $36.00 in a report on Thursday, April 4th. Barclays upped their target price on shares of Worldpay from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $8.00 target price on shares of Pacific Biosciences of California in a report on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $113.25.

WP stock traded up $1.36 during midday trading on Wednesday, reaching $137.46. 659,406 shares of the company’s stock traded hands, compared to its average volume of 2,080,976. Worldpay has a 52-week low of $70.41 and a 52-week high of $137.67. The company has a market cap of $42.36 billion, a PE ratio of 37.35, a P/E/G ratio of 2.23 and a beta of 0.76. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69. The stock’s 50-day moving average is $127.03.

Several large investors have recently modified their holdings of WP. Quadrant Capital Group LLC raised its stake in Worldpay by 156.6% during the first quarter. Quadrant Capital Group LLC now owns 290 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 177 shares in the last quarter. Berman Capital Advisors LLC raised its stake in Worldpay by 131.2% during the first quarter. Berman Capital Advisors LLC now owns 326 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 185 shares in the last quarter. CX Institutional purchased a new stake in Worldpay during the first quarter valued at $38,000. Cornerstone Advisors Inc. raised its stake in Worldpay by 52.4% during the first quarter. Cornerstone Advisors Inc. now owns 384 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 132 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in Worldpay by 28.1% during the first quarter. Catalyst Capital Advisors LLC now owns 501 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

About Worldpay

Worldpay, Inc, through its subsidiary, Worldpay Holding, LLC, provides electronic payment processing services in the United States, Europe, Asia, and Australasia. It operates in two segments, Technology Solutions, Merchant Solutions, and Issuer Solutions. The company offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management.

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Earnings History and Estimates for Worldpay (NYSE:WP)

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