Shares of Global Payments Inc (NYSE:GPN) plunged more than 9% on Wednesday following the electronic payments processor declared lesser than anticipated fiscal Q3 results.
Global Payments reported that its net income increased around 4% to $67.9M for the quarter ended Feb. 28, or 87 cents a share. Revenue surged 8% to $578.7M.
Analysts polled by FactSet antic parted earnings of 89 cents a share on revenue of $580.4M.
The firm as well reversed its full-year earnings outlook of $3.64 to $3.71 a share on revenue of $2.36B to $2.4B. Analysts anticipates $3.70 a share on revenue of $2.4B.
Global Payments reported that the quarter’s revenue rose in the U.S. and the region that comprises Europe and Asia, other than dropped in Canada.
Shares of Global Payments Inc (NYSE:GPN) traded at $44.52 by plunging -9.16% with price volatility of 2.47% for a week and 1.71% for a month plus price volatility’s Average True Range for 14 days was 1.06 and its beta stands at 0.84 times.
Stocks after opening at $45.80 hit high price of $46.77 and on last session stock held volume of 5.42 million shares which was unexpectedly higher than its average volume of 728,064 shares.
Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.44 as current ratio and on the opponent side the debt to equity ratio was 0.89 and long-term debt to equity ratio also remained 0.63. The Company had total cash at hand $998.26 million and a book value per share as $15.67 in the most recent quarter.
While investors who viewing GPN against other stocks with the reference of profit margin that are Visa Inc (NYSE:V) having profit margin 22.46%, RR Donnelley & Sons Co (NASDAQ:RRD) with -6.39% profit margin, Moody’s Corporation (NYSE:MCO) having 25.63% profit margin and Vantiv Inc (NYSE:VNTV) having profit margin of 5.94%.
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