Total System Services, Inc. (TSS) Expected to Post Quarterly Sales of $947.62 Million

Analysts forecast that Total System Services, Inc. (NYSE:TSS) will announce $947.62 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Total System Services’ earnings, with estimates ranging from $931.85 million to $955.08 million. Total System Services reported sales of $1.25 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 24.2%. The company is scheduled to report its next earnings report on Tuesday, October 23rd.

On average, analysts expect that Total System Services will report full year sales of $3.81 billion for the current financial year, with estimates ranging from $3.79 billion to $3.82 billion. For the next year, analysts expect that the business will post sales of $4.06 billion, with estimates ranging from $3.99 billion to $4.11 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Total System Services.

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 24th. The credit services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $956.55 million for the quarter, compared to analysts’ expectations of $936.79 million. Total System Services had a return on equity of 29.26% and a net margin of 14.39%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share.

A number of research firms have recently commented on TSS. Zacks Investment Research cut Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. UBS Group raised Total System Services from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 6th. Oppenheimer raised Total System Services from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Thursday, September 6th. Nomura increased their price objective on Total System Services from $96.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, August 21st. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Total System Services in a research note on Wednesday, July 25th. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $92.95.

Shares of TSS traded down $0.70 during mid-day trading on Friday, reaching $98.08. 755,932 shares of the company’s stock traded hands, compared to its average volume of 1,257,663. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 30.68, a P/E/G ratio of 1.60 and a beta of 1.18. Total System Services has a 12 month low of $64.56 and a 12 month high of $100.39. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.55 and a current ratio of 2.55.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Thursday, September 20th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, September 19th. This represents a $0.52 annualized dividend and a yield of 0.53%. Total System Services’s dividend payout ratio (DPR) is currently 16.15%.

In other Total System Services news, EVP Dorenda K. Weaver sold 5,009 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $99.00, for a total transaction of $495,891.00. Following the completion of the sale, the executive vice president now owns 44,358 shares in the company, valued at $4,391,442. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Patricia A. Watson sold 15,332 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $93.30, for a total value of $1,430,475.60. Following the sale, the executive vice president now owns 30,743 shares of the company’s stock, valued at approximately $2,868,321.90. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of TSS. Janus Henderson Group PLC lifted its holdings in Total System Services by 56.5% during the second quarter. Janus Henderson Group PLC now owns 2,897,435 shares of the credit services provider’s stock worth $244,891,000 after buying an additional 1,045,842 shares during the period. Bank of Montreal Can purchased a new stake in Total System Services during the second quarter worth $34,267,000. BlackRock Inc. lifted its holdings in Total System Services by 2.8% during the first quarter. BlackRock Inc. now owns 11,908,795 shares of the credit services provider’s stock worth $1,027,253,000 after buying an additional 329,921 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Total System Services by 132.5% during the second quarter. BNP Paribas Arbitrage SA now owns 505,526 shares of the credit services provider’s stock worth $42,727,000 after buying an additional 288,101 shares during the period. Finally, Worldquant Millennium Quantitative Strategies LLC purchased a new stake in Total System Services during the second quarter worth $23,638,000. Institutional investors own 76.49% of the company’s stock.

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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