Heartland Payment (HPY) Pops Higher on Strong Q2 Numbers, Raised FY12 Outlook; Approves $50M Buyback, Dividend
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Price: $31.78 -1%
EPS Growth %: +30.8%
Financial Fact:
Processing and servicing: 59.4M
Today's EPS Names:
RAVN, CAMT, HAST, More
EPS Growth %: +30.8%
Financial Fact:
Processing and servicing: 59.4M
Today's EPS Names:
RAVN, CAMT, HAST, More
Trade HPY Now!
Heartland Payment Systems (NYSE: HPY) is trading stronger on the session Tuesday, following solid second-quarter 2012 results. EPS of 50 cents and revenue of $581.2 million compare with consensus estimates calling for EPS of 40 cents and revs of just $137.8 million.
Heartland also raised FY12 expectations, from EPS of $1.59 - $1.63 up to $1.70 - $1.74. Sales increase from $530 million - $540 million to $540 million - $545 million. The Street was expecting EPS of $1.46 and sales of $539.6 million.
The Company also announced that the Board of Directors declared a quarterly dividend of $0.06 per common share and authorized a new $50 million repurchase program under essentially the same terms and conditions as the completed program.
Shares are up 4.7 percent on the session.
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Heartland also raised FY12 expectations, from EPS of $1.59 - $1.63 up to $1.70 - $1.74. Sales increase from $530 million - $540 million to $540 million - $545 million. The Street was expecting EPS of $1.46 and sales of $539.6 million.
The Company also announced that the Board of Directors declared a quarterly dividend of $0.06 per common share and authorized a new $50 million repurchase program under essentially the same terms and conditions as the completed program.
Shares are up 4.7 percent on the session.
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