Worldpay (WP) Updates FY 2019 Earnings Guidance

Worldpay (NYSE:WP) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $4.60-4.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.61. The company issued revenue guidance of $4.215-4.275 billion, compared to the consensus revenue estimate of $4.26 billion.Worldpay also updated its FY19 guidance to $4.60-4.70 EPS.

A number of brokerages have issued reports on WP. Wedbush lowered shares of Worldpay from an outperform rating to a neutral rating and set a $107.06 price target on the stock. in a research note on Thursday, March 21st. Zacks Investment Research lowered shares of Worldpay from a buy rating to a hold rating in a research note on Friday, May 3rd. Atlantic Securities lowered shares of Worldpay from an overweight rating to a neutral rating in a research note on Thursday, March 21st. Craig Hallum lowered shares of Worldpay from a buy rating to a hold rating in a research note on Thursday, May 2nd. Finally, Cantor Fitzgerald restated a hold rating and set a $119.00 target price on shares of Worldpay in a research note on Friday, May 3rd. Sixteen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Worldpay currently has a consensus rating of Hold and a consensus price target of $111.55.

Shares of WP stock traded down $1.97 during trading hours on Friday, hitting $120.01. The stock had a trading volume of 2,212,703 shares, compared to its average volume of 3,318,884. Worldpay has a twelve month low of $70.41 and a twelve month high of $123.24. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $37.83 billion, a P/E ratio of 32.61, a PEG ratio of 2.00 and a beta of 0.90.

Worldpay (NYSE:WP) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.10. Worldpay had a return on equity of 11.28% and a net margin of 3.63%. The business had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $950.37 million. During the same quarter in the prior year, the business earned $0.81 earnings per share. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. Research analysts predict that Worldpay will post 4.28 EPS for the current fiscal year.

In other news, EVP Royal Cole sold 61,257 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $96.14, for a total value of $5,889,247.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shane Happach sold 9,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $113.34, for a total value of $1,020,060.00. The disclosure for this sale can be found here. Insiders sold 83,849 shares of company stock valued at $8,250,159 in the last quarter. 0.82% of the stock is currently owned by company insiders.

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Worldpay Company Profile

Worldpay, Inc, through its subsidiary, Worldpay Holding, LLC, provides electronic payment processing services in the United States, Europe, Asia, and Australasia. It operates in two segments, Technology Solutions, Merchant Solutions, and Issuer Solutions. The company offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management.

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Earnings History and Estimates for Worldpay (NYSE:WP)

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