$563.29 Million in Sales Expected for Worldpay Inc (WP) This Quarter

Equities analysts predict that Worldpay Inc (NYSE:WP) will report sales of $563.29 million for the current quarter, Zacks Investment Research reports. Thirteen analysts have issued estimates for Worldpay’s earnings, with the lowest sales estimate coming in at $560.40 million and the highest estimate coming in at $565.03 million. Worldpay posted sales of $502.41 million in the same quarter last year, which suggests a positive year over year growth rate of 12.1%. The firm is expected to report its next earnings results before the market opens on Wednesday, February 28th.

According to Zacks, analysts expect that Worldpay will report full-year sales of $563.29 million for the current fiscal year, with estimates ranging from $2.11 billion to $2.12 billion. For the next year, analysts forecast that the business will post sales of $3.89 billion per share, with estimates ranging from $3.75 billion to $3.96 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Worldpay.

Several research firms have recently weighed in on WP. BMO Capital Markets raised Worldpay from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 17th. Berenberg Bank began coverage on Worldpay in a report on Thursday, November 16th. They issued a “buy” rating and a $85.00 target price for the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $88.00 target price on shares of Worldpay in a report on Friday, December 22nd. Cantor Fitzgerald reissued a “buy” rating and issued a $79.00 target price on shares of Worldpay in a report on Tuesday, December 12th. Finally, Wells Fargo & Co reissued a “positive” rating and issued a $84.00 target price (up from $77.00) on shares of Worldpay in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $82.80.

Hedge funds have recently modified their holdings of the stock. Boston Family Office LLC acquired a new position in Worldpay during the 4th quarter worth approximately $484,000. Twin Tree Management LP acquired a new position in Worldpay during the 4th quarter worth approximately $651,000. Navellier & Associates Inc acquired a new position in Worldpay during the 4th quarter worth approximately $3,503,000. Macquarie Group Ltd. acquired a new position in Worldpay during the 4th quarter worth approximately $8,429,000. Finally, Quantitative Investment Management LLC acquired a new position in Worldpay during the 4th quarter worth approximately $9,693,000.

Shares of Worldpay (NYSE WP) opened at $76.02 on Friday. Worldpay has a fifty-two week low of $59.10 and a fifty-two week high of $82.07. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45. The stock has a market capitalization of $23,740.00, a PE ratio of 52.79, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64.

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Worldpay Company Profile

Worldpay, Inc, formerly Vantiv, Inc, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.

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