Worldpay (NYSE:WP) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.66-3.76 for the period, compared to the Thomson Reuters consensus estimate of $3.66. Worldpay also updated its Q1 guidance to $0.76-0.79 EPS.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Worldpay from a sell rating to a hold rating in a research note on Friday, January 26th. JPMorgan Chase & Co. assumed coverage on Worldpay in a research note on Friday, January 19th. They set an overweight rating and a $89.00 price target for the company. Credit Suisse Group assumed coverage on Worldpay in a research note on Monday, January 22nd. They set an outperform rating for the company. Cantor Fitzgerald reissued an overweight rating and set a $89.00 price target on shares of Worldpay in a research note on Monday, January 22nd. Finally, Morgan Stanley assumed coverage on Worldpay in a research note on Monday, January 22nd. They set an overweight rating and a $93.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $82.83.
Shares of Worldpay (NYSE WP) traded up $2.87 during midday trading on Wednesday, reaching $80.88. The company’s stock had a trading volume of 3,184,412 shares, compared to its average volume of 5,181,515. Worldpay has a 1-year low of $59.10 and a 1-year high of $82.07. The company has a market cap of $13,838.46, a price-to-earnings ratio of 54.83, a PEG ratio of 1.57 and a beta of 0.64. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45.
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Worldpay Company Profile
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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