Zacks: Brokerages Expect TSYS (TSS) Will Announce Earnings of $0.99 Per Share
Wall Street brokerages expect TSYS (NYSE:TSS) to announce earnings per share of $0.99 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for TSYS’s earnings, with the highest EPS estimate coming in at $1.03 and the lowest estimate coming in at $0.92. TSYS posted earnings per share of $0.82 in the same quarter last year, which indicates a positive year-over-year growth rate of 20.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, April 24th.
According to Zacks, analysts expect that TSYS will report full-year earnings of $4.17 per share for the current fiscal year, with EPS estimates ranging from $4.12 to $4.25. For the next financial year, analysts expect that the business will post earnings of $4.68 per share, with EPS estimates ranging from $4.39 to $4.90. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover TSYS.
TSYS (NYSE:TSS) last released its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. TSYS had a net margin of 11.90% and a return on equity of 26.50%. The business had revenue of $870.61 million during the quarter, compared to analyst estimates of $848.20 million. During the same quarter in the previous year, the business earned $0.71 EPS. TSYS’s quarterly revenue was up 10.8% compared to the same quarter last year.
TSS stock opened at $86.64 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09. TSYS has a 1 year low of $52.20 and a 1 year high of $90.74. The firm has a market capitalization of $15,533.91, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 22nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Wednesday, March 21st. TSYS’s dividend payout ratio is currently 16.15%.
In other news, CFO Paul M. Todd sold 69,827 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $88.30, for a total transaction of $6,165,724.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Dorenda K. Weaver sold 24,160 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $90.11, for a total transaction of $2,177,057.60. Following the transaction, the chief accounting officer now directly owns 54,969 shares of the company’s stock, valued at approximately $4,953,256.59. The disclosure for this sale can be found here. Insiders have sold 692,200 shares of company stock valued at $59,978,168 in the last ninety days. 2.40% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of TSYS during the fourth quarter valued at about $109,000. Tower Research Capital LLC TRC increased its stake in TSYS by 463.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the credit services provider’s stock valued at $181,000 after acquiring an additional 1,888 shares during the period. Two Sigma Securities LLC bought a new stake in TSYS in the fourth quarter valued at about $203,000. Cahaba Wealth Management Inc. bought a new stake in TSYS in the fourth quarter valued at about $208,000. Finally, PHH Investments Ltd. bought a new stake in TSYS in the fourth quarter valued at about $209,000. 76.56% of the stock is owned by institutional investors and hedge funds.
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Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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