Analysts predict that Total System Services, Inc. (NYSE:TSS) will report sales of $1.01 billion for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Total System Services’ earnings, with the lowest sales estimate coming in at $1.00 billion and the highest estimate coming in at $1.02 billion. Total System Services reported sales of $956.55 million during the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The firm is scheduled to issue its next earnings results on Tuesday, July 23rd.

On average, analysts expect that Total System Services will report full-year sales of $4.05 billion for the current year, with estimates ranging from $4.03 billion to $4.07 billion. For the next year, analysts forecast that the business will post sales of $4.35 billion, with estimates ranging from $4.32 billion to $4.44 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Total System Services.

Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, April 23rd. The credit services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.03. Total System Services had a return on equity of 31.25% and a net margin of 14.63%. The business had revenue of $980.30 million for the quarter, compared to analyst estimates of $998.73 million. During the same period last year, the company earned $1.13 EPS. The firm’s revenue was up 4.8% on a year-over-year basis.

Several research analysts have weighed in on the company. KeyCorp lifted their target price on Total System Services from $95.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. They noted that the move was a valuation call. ValuEngine upgraded Total System Services from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. BMO Capital Markets lifted their target price on Total System Services from $100.00 to $103.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. Goldman Sachs Group upgraded Total System Services from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $98.00 to $115.00 in a report on Wednesday, April 17th. Finally, Robert W. Baird lifted their target price on Total System Services from $98.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, March 29th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $101.27.

TSS stock opened at $113.45 on Monday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a market cap of $20.13 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.79 and a beta of 1.12. Total System Services has a 1-year low of $75.58 and a 1-year high of $117.44.

In other news, EVP Patricia A. Watson sold 37,519 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $93.79, for a total value of $3,518,907.01. Following the sale, the executive vice president now directly owns 23,450 shares in the company, valued at $2,199,375.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Total System Services in the fourth quarter valued at about $28,000. Berman Capital Advisors LLC increased its position in shares of Total System Services by 119.6% in the first quarter. Berman Capital Advisors LLC now owns 325 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 177 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of Total System Services in the first quarter valued at about $32,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Total System Services in the first quarter valued at about $33,000. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of Total System Services in the first quarter valued at about $33,000. Institutional investors own 78.33% of the company’s stock.

About Total System Services

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. 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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Earnings History and Estimates for Total System Services (NYSE:TSS)

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