Zacks: Brokerages Anticipate Total System Services, Inc. (TSS) to Announce $1.07 EPS

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Brokerages forecast that Total System Services, Inc. (NYSE:TSS) will post $1.07 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Total System Services’ earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.11. Total System Services reported earnings of $0.85 per share during the same quarter last year, which would suggest a positive year over year growth rate of 25.9%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, July 24th.

On average, analysts expect that Total System Services will report full-year earnings of $4.33 per share for the current fiscal year, with EPS estimates ranging from $4.20 to $4.40. For the next year, analysts expect that the business will report earnings of $4.74 per share, with EPS estimates ranging from $4.50 to $4.96. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Total System Services.

Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, April 24th. The credit services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.13. Total System Services had a return on equity of 28.22% and a net margin of 13.15%. The company had revenue of $987.20 million during the quarter, compared to the consensus estimate of $910.10 million. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The firm’s revenue was down 16.6% compared to the same quarter last year.

Several research analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Total System Services from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, April 25th. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research report on Thursday, April 19th. Raymond James assumed coverage on shares of Total System Services in a research report on Friday, June 15th. They set a “market perform” rating and a $35.00 target price for the company. Credit Suisse Group increased their target price on shares of Total System Services from $87.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, April 25th. Finally, ValuEngine raised shares of Total System Services from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.48.

Shares of Total System Services stock traded up $1.15 on Monday, hitting $83.69. The stock had a trading volume of 37,141 shares, compared to its average volume of 1,162,789. Total System Services has a twelve month low of $57.53 and a twelve month high of $90.74. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $15.41 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.40 and a beta of 1.14.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Thursday, June 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Wednesday, June 20th. Total System Services’s dividend payout ratio is presently 16.15%.

In related news, EVP Patricia A. Watson sold 15,332 shares of Total System Services stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $85.36, for a total value of $1,308,739.52. Following the completion of the sale, the executive vice president now owns 30,213 shares of the company’s stock, valued at approximately $2,578,981.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Traynor Capital Management Inc. increased its holdings in Total System Services by 4.8% in the 1st quarter. Traynor Capital Management Inc. now owns 13,160 shares of the credit services provider’s stock worth $1,135,000 after acquiring an additional 601 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Total System Services by 0.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 258,111 shares of the credit services provider’s stock valued at $22,265,000 after buying an additional 686 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in Total System Services by 5.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 16,373 shares of the credit services provider’s stock valued at $1,295,000 after buying an additional 840 shares in the last quarter. Norinchukin Bank The grew its holdings in Total System Services by 7.2% during the 4th quarter. Norinchukin Bank The now owns 13,376 shares of the credit services provider’s stock valued at $1,058,000 after buying an additional 898 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in Total System Services by 13.0% during the 4th quarter. MML Investors Services LLC now owns 7,870 shares of the credit services provider’s stock valued at $622,000 after buying an additional 903 shares in the last quarter. 76.18% of the stock is owned by institutional investors.

About Total System Services

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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Earnings History and Estimates for Total System Services (NYSE:TSS)

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