Global Payments (GPN): Earnings Preview - Oppenheimer

Oppenheimer analyst, Glenn Greene reiterated his Outperform rating on shares of Global Payments (NYSE: GPN) and expects an in-line 1Q17 report with no surprises.

The Heartland (HPY) integration appears on track and he expects upside to GPN's stated synergy targets. GPN continues to demonstrate momentum across geographies, with a number of levers driving growth (i.e., OpenEdge, Realex, Spain, JVs, etc.). He is encouraged by GPN's growth and margin improvements. Management's expectation for mid-teens EPS growth longer term appears reasonable and possibly conservative to the analyst.

The analyst feels valuation is attractive at ~20x CY17 EPS. No change to the $85 PT.

For an analyst ratings summary and ratings history on Global Payments click here. For more ratings news on Global Payments click here.

Shares of Global Payments closed at $75.62 yesterday.

You May Also Be Interested In

• Stifel Upgrades Barry Callebaut AG (BARN:SW) (BYCBF) to Buy
• Zoetis Inc. (ZTS) PT Lowered to $195 at Piper Sandler
• Itau BBA Reiterates Market Perform Rating on Marfrig Global Foods SA (MRFG3:BZ) (MRRTY)