Brokerages Anticipate Total System Services, Inc. (TSS) to Announce $1.10 EPS

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Brokerages expect Total System Services, Inc. (NYSE:TSS) to announce $1.10 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Total System Services’ earnings, with estimates ranging from $1.06 to $1.13. Total System Services posted earnings of $0.88 per share in the same quarter last year, which would suggest a positive year over year growth rate of 25%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, October 23rd.

According to Zacks, analysts expect that Total System Services will report full year earnings of $4.38 per share for the current year, with EPS estimates ranging from $4.33 to $4.43. For the next fiscal year, analysts anticipate that the business will post earnings of $4.83 per share, with EPS estimates ranging from $4.72 to $5.01. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for Total System Services.

Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The company had revenue of $956.55 million for the quarter, compared to analysts’ expectations of $936.79 million. Total System Services had a net margin of 14.39% and a return on equity of 29.26%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share.

A number of equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Total System Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Robert W. Baird lifted their target price on shares of Total System Services from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, July 25th. Citigroup lifted their target price on shares of Total System Services from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $105.00 target price on shares of Total System Services in a report on Wednesday, July 25th. Finally, Raymond James assumed coverage on shares of Total System Services in a report on Friday, June 15th. They issued a “market perform” rating and a $35.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $92.81.

Shares of Total System Services stock traded down $0.98 during trading on Friday, reaching $95.86. The company’s stock had a trading volume of 1,265,818 shares, compared to its average volume of 1,267,683. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 1.61 and a beta of 1.17. Total System Services has a fifty-two week low of $66.63 and a fifty-two week high of $100.39. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.55 and a quick ratio of 2.55.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Thursday, September 20th were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 0.54%. Total System Services’s dividend payout ratio (DPR) is 16.15%.

In related news, EVP Patricia A. Watson sold 15,332 shares of Total System Services stock in a transaction on Monday, August 6th. The shares were sold at an average price of $93.30, for a total value of $1,430,475.60. Following the transaction, the executive vice president now directly owns 30,743 shares in the company, valued at approximately $2,868,321.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dorenda K. Weaver sold 5,009 shares of Total System Services stock in a transaction on Friday, September 14th. The shares were sold at an average price of $99.00, for a total transaction of $495,891.00. Following the completion of the transaction, the executive vice president now owns 44,358 shares in the company, valued at $4,391,442. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd grew its position in Total System Services by 558.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 10,115 shares of the credit services provider’s stock valued at $855,000 after buying an additional 8,579 shares during the last quarter. US Bancorp DE boosted its position in shares of Total System Services by 2.2% during the 2nd quarter. US Bancorp DE now owns 33,162 shares of the credit services provider’s stock worth $2,803,000 after purchasing an additional 724 shares in the last quarter. Natixis boosted its position in shares of Total System Services by 261.5% during the 2nd quarter. Natixis now owns 319,055 shares of the credit services provider’s stock worth $26,967,000 after purchasing an additional 230,806 shares in the last quarter. Breakline Capital LLC purchased a new stake in shares of Total System Services during the 2nd quarter worth $2,656,000. Finally, Bank of Montreal Can purchased a new stake in shares of Total System Services during the 2nd quarter worth $34,267,000. Hedge funds and other institutional investors own 76.53% of the company’s stock.

Total System Services 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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