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What Are Wall Street Analysts' Target Price for Global Payments Stock?
['Kritika Sarmah', 'Mon', 'August', 'At Am Gmt', 'Min Read']
Yahoo Finance
Finance and money technology asset management background by InfiniteFlow via Adobe StockValued at a market cap of $22.8 billion, Global Payments Inc. (GPN) is a global payments technology and software company that helps businesses accept payments and manage commerce across online, in-store, and other channels.
On Aug. 5, Global Payments shares fell marginally after the company released its second-quarter earnings, as investors weighed solid underlying performance against a softer full-year outlook.
Adjusted net revenue jumped 33.8% to $3.16 billion, largely reflecting the impact of the Worldpay acquisition, while adjusted EPS increased 11.7% to $3.46.
The company also continued to see momentum in its Genius integrated payments platform, while the Worldpay integration remained on track.
The company now expects normalized, constant-currency adjusted net revenue growth of approximately 4%–5%, while adjusted EPS guidance was reduced to $13.60–$13.80.