Zacks: Analysts Expect Worldpay Inc (WP) to Post $1.03 Earnings Per Share

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Equities analysts predict that Worldpay Inc (NYSE:WP) will announce earnings of $1.03 per share for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Worldpay’s earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $1.00. Worldpay reported earnings of $0.90 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 14.4%. The business is scheduled to issue its next quarterly earnings results before the market opens on Thursday, October 25th.

According to Zacks, analysts expect that Worldpay will report full year earnings of $3.99 per share for the current year, with EPS estimates ranging from $3.95 to $4.05. For the next year, analysts expect that the firm will report earnings of $4.64 per share, with EPS estimates ranging from $4.47 to $4.79. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Worldpay.

Worldpay (NYSE:WP) last posted its quarterly earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.09. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $978.81 million. The firm’s revenue for the quarter was up 90.0% compared to the same quarter last year.

A number of research firms have recently weighed in on WP. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $105.00 price target on shares of Worldpay in a research note on Thursday, August 16th. Credit Suisse Group upped their price target on shares of Worldpay from $87.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, August 10th. Nomura upped their price target on shares of Worldpay from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, August 20th. BMO Capital Markets began coverage on shares of Worldpay in a research note on Wednesday, September 26th. They issued an “outperform” rating and a $129.00 price target on the stock. Finally, Mizuho reaffirmed a “hold” rating and issued a $88.00 price target on shares of Worldpay in a research note on Friday, August 10th. Five research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $100.41.

In other Worldpay news, CFO Stephanie Ferris sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $90.00, for a total transaction of $225,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rohinton Kalifa sold 75,000 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $100.77, for a total transaction of $7,557,750.00. The disclosure for this sale can be found here. Insiders have sold 260,732 shares of company stock worth $24,997,828 over the last three months. Company insiders own 1.05% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Scotland Group PLC boosted its holdings in Worldpay by 3.9% during the second quarter. Royal Bank of Scotland Group PLC now owns 55,927 shares of the business services provider’s stock valued at $4,574,000 after acquiring an additional 2,091 shares during the period. Temasek Holdings Private Ltd boosted its holdings in Worldpay by 8.4% during the second quarter. Temasek Holdings Private Ltd now owns 2,426,186 shares of the business services provider’s stock valued at $198,413,000 after acquiring an additional 187,938 shares during the period. Fox Run Management L.L.C. bought a new stake in Worldpay during the second quarter valued at about $222,000. Dai Ichi Life Insurance Company Ltd bought a new stake in Worldpay during the second quarter valued at about $307,000. Finally, Arizona State Retirement System boosted its holdings in Worldpay by 9.8% during the second quarter. Arizona State Retirement System now owns 118,460 shares of the business services provider’s stock valued at $9,688,000 after acquiring an additional 10,549 shares during the period. Institutional investors own 88.83% of the company’s stock.

Shares of NYSE WP traded up $0.08 during mid-day trading on Friday, reaching $95.16. The company had a trading volume of 1,384,663 shares, compared to its average volume of 2,362,013. Worldpay has a twelve month low of $67.71 and a twelve month high of $103.50. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $29.67 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 1.61 and a beta of 0.70.

Worldpay Company Profile

Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.

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Earnings History and Estimates for Worldpay (NYSE:WP)

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