6. Global Payments (GPN) is a provider of electronic payments transaction processing services for consumers, merchants, independent sales organizations, financial institutions, government agencies and multinational corporations. The company will announce its second-quarter fiscal 2012 results on Jan. 5.
Net income for the quarter is estimated at $64.51 million, or 80 cents per share, as compared to net income of $56.54 million, or 67 cents per share, in the corresponding quarter prior fiscal, according to analysts polled by Bloomberg. Sales are seen at $522.40 million, up 18% from $443.53 million recorded in the earlier year's third quarter. Currently, the company has a dividend yield of 0.2%.
Operating profit for the quarter is pegged at $104.44 million, an increase of 25.6% from $83.14 million in same quarter last fiscal year. Return on equity is seen expanding to 19.84% from 19.43%, while return on assets is seen at 9.10% from 8.13% earlier. Also, gross margin is seen increasing to 65.33% from 65.23% earlier.Of the 31 analysts covering the stock, 61% recommend a buy and 39% suggest a hold. Analysts polled by Bloomberg expect the stock to gain an average 9.4% to $52.00 from current levels over the next 12 months.
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