Brokers Offer Predictions for TSYS’s Q1 2019 Earnings (TSS)
TSYS (NYSE:TSS) – Oppenheimer boosted their Q1 2019 earnings per share (EPS) estimates for TSYS in a report released on Tuesday, April 24th. Oppenheimer analyst G. Greene now anticipates that the credit services provider will earn $1.09 per share for the quarter, up from their previous forecast of $1.01. Oppenheimer also issued estimates for TSYS’s Q2 2019 earnings at $1.06 EPS, Q3 2019 earnings at $1.07 EPS and Q4 2019 earnings at $1.08 EPS.
Several other analysts have also recently issued reports on TSS. Mizuho restated a “hold” rating and set a $85.00 target price on shares of TSYS in a research report on Thursday, January 4th. Royal Bank of Canada restated a “buy” rating and set a $90.00 target price on shares of TSYS in a research report on Thursday, January 4th. Zacks Investment Research cut shares of TSYS from a “buy” rating to a “hold” rating and set a $88.00 target price on the stock. in a research report on Friday, January 5th. Evercore ISI upgraded shares of TSYS from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 10th. Finally, Stephens restated a “buy” rating and set a $88.00 target price on shares of TSYS in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $86.09.
TSYS (NYSE:TSS) last announced its quarterly earnings results on Tuesday, April 24th. The credit services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.00 by $0.13. The business had revenue of $987.20 million for the quarter, compared to analysts’ expectations of $910.10 million. TSYS had a net margin of 13.15% and a return on equity of 28.22%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 EPS.
The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 22nd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $0.52 annualized dividend and a yield of 0.63%. TSYS’s payout ratio is 16.15%.
In other TSYS news, EVP Patricia A. Watson sold 2,274 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $83.35, for a total value of $189,537.90. Following the transaction, the executive vice president now directly owns 27,253 shares in the company, valued at approximately $2,271,537.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorenda K. Weaver sold 2,686 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.81, for a total transaction of $235,857.66. Following the completion of the transaction, the executive vice president now owns 49,367 shares in the company, valued at $4,334,916.27. The disclosure for this sale can be found here. Insiders have sold a total of 684,654 shares of company stock worth $59,311,931 over the last quarter. 2.40% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in TSYS in the 4th quarter worth about $109,000. Tower Research Capital LLC TRC grew its stake in TSYS by 463.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the credit services provider’s stock worth $181,000 after acquiring an additional 1,888 shares in the last quarter. Two Sigma Securities LLC bought a new position in TSYS in the 4th quarter worth about $203,000. Cahaba Wealth Management Inc. bought a new position in TSYS in the 4th quarter worth about $208,000. Finally, PHH Investments Ltd. bought a new position in TSYS in the 4th quarter worth about $209,000. Institutional investors and hedge funds own 76.83% of the company’s stock.
TSYS Company Profile
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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