Zacks: Brokerages Anticipate Total System Services, Inc. (TSS) to Announce $0.81 EPS
Equities analysts predict that Total System Services, Inc. (NYSE:TSS) will announce earnings of $0.81 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Total System Services’ earnings. The highest EPS estimate is $0.83 and the lowest is $0.80. Total System Services posted earnings of $0.71 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.1%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, October 24th.
According to Zacks, analysts expect that Total System Services will report full-year earnings of $3.28 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.30. For the next year, analysts anticipate that the business will post earnings of $3.57 per share, with EPS estimates ranging from $3.50 to $3.68. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Total System Services.
Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. The company had revenue of $844.07 million for the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. Total System Services’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share.
Several brokerages have recently issued reports on TSS. Morgan Stanley lifted their price target on Total System Services from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday. Wedbush began coverage on Total System Services in a research report on Thursday, August 3rd. They set an “outperform” rating and a $72.00 price target on the stock. Royal Bank Of Canada began coverage on Total System Services in a research report on Monday, August 28th. They set an “outperform” rating and a $75.00 price target on the stock. Robert W. Baird reiterated a “buy” rating on shares of Total System Services in a research report on Tuesday, September 26th. Finally, BidaskClub raised Total System Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Total System Services currently has a consensus rating of “Buy” and a consensus price target of $66.70.
In related news, EVP G Sanders Griffith III sold 18,472 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the completion of the sale, the executive vice president now directly owns 187,684 shares in the company, valued at $11,871,013. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Philip W. Tomlinson sold 220,974 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total value of $14,064,995.10. Following the sale, the director now owns 326,200 shares of the company’s stock, valued at $20,762,630. The disclosure for this sale can be found here. In the last ninety days, insiders sold 243,503 shares of company stock valued at $15,490,969. 2.60% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Total System Services by 13.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after acquiring an additional 228 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Total System Services by 122.2% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after acquiring an additional 1,100 shares in the last quarter. TLP Group LLC purchased a new stake in shares of Total System Services during the second quarter worth $122,000. Reliance Trust Co. purchased a new stake in shares of Total System Services during the third quarter worth $211,000. Finally, FormulaFolio Investments LLC purchased a new stake in shares of Total System Services during the third quarter worth $219,000. Institutional investors and hedge funds own 76.18% of the company’s stock.
Shares of Total System Services (NYSE TSS) opened at 68.15 on Tuesday. Total System Services has a 52-week low of $47.01 and a 52-week high of $70.62. The stock has a market capitalization of $12.56 billion, a P/E ratio of 33.07 and a beta of 1.12. The firm’s 50-day moving average price is $67.36 and its 200-day moving average price is $61.89.
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About Total System Services
Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.
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