Global Payments (GPN): Earnings Preview - Oppenheimer

September 27, 2016 9:23 AM EDT
Get Alerts GPN Hot Sheet
Price: $78.39 --0%

Rating Summary:
    19 Buy, 14 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 14 | New: 10
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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.

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