Wall Street brokerages predict that Worldpay Inc (NYSE:WP) will post sales of $1.04 billion for the current quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Worldpay’s earnings. The highest sales estimate is $1.05 billion and the lowest is $1.03 billion. Worldpay reported sales of $568.94 million in the same quarter last year, which would indicate a positive year over year growth rate of 82.8%. The firm is expected to report its next earnings report before the market opens on Tuesday, February 26th.
According to Zacks, analysts expect that Worldpay will report full year sales of $3.92 billion for the current financial year, with estimates ranging from $3.91 billion to $3.98 billion. For the next year, analysts anticipate that the firm will report sales of $4.26 billion, with estimates ranging from $4.20 billion to $4.34 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Worldpay.
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WP has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on Worldpay in a report on Monday, January 28th. They set a “hold” rating and a $85.00 price objective on the stock. TheStreet cut Worldpay from a “b-” rating to a “c” rating in a report on Friday, November 23rd. Zacks Investment Research raised Worldpay from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Royal Bank of Canada cut Worldpay from a “top pick” rating to an “outperform” rating and upped their price objective for the stock from $103.00 to $107.00 in a report on Tuesday, December 18th. They noted that the move was a valuation call. Finally, Nomura decreased their price objective on Worldpay from $125.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, November 16th. Five analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $100.00.
Several institutional investors and hedge funds have recently bought and sold shares of WP. Nordea Investment Management AB grew its holdings in Worldpay by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 116,461 shares of the business services provider’s stock worth $8,901,000 after acquiring an additional 5,606 shares during the period. Psagot Investment House Ltd. grew its holdings in Worldpay by 33.7% in the fourth quarter. Psagot Investment House Ltd. now owns 231,341 shares of the business services provider’s stock valued at $17,681,000 after purchasing an additional 58,306 shares during the period. HRT Financial LLC acquired a new stake in Worldpay in the fourth quarter valued at approximately $490,000. General American Investors Co. Inc. acquired a new stake in Worldpay in the fourth quarter valued at approximately $11,370,000. Finally, grace capital acquired a new stake in Worldpay in the fourth quarter valued at approximately $579,000. 87.81% of the stock is currently owned by institutional investors and hedge funds.
NYSE WP traded down $0.12 during trading hours on Friday, reaching $88.21. The company’s stock had a trading volume of 68,390 shares, compared to its average volume of 2,049,077. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. Worldpay has a 1 year low of $70.41 and a 1 year high of $103.50. The stock has a market cap of $27.60 billion, a PE ratio of 28.43, a P/E/G ratio of 1.39 and a beta of 0.84.
Worldpay Company Profile
Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States, Europe, and Asia. It operates in two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.
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