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Investing.com -- Global Payments Inc. (NYSE:GPN) reported fourth quarter 2024 earnings that slightly missed analyst estimates, but the company’s stock rose 2.5% as investors focused on its positive outlook and increased transformation benefits.
The payment technology company posted adjusted earnings per share of $2.95, just below the $2.97 analyst consensus. Adjusted net revenue grew 6.5% YoY on a constant currency basis excluding dispositions to $2.29 billion, slightly below expectations of $2.32 billion.
Global Payments raised its expected annual run-rate operating income benefit from its operational transformation to $600 million by the first half of 2027, up from previous estimates. The company also announced plans for a $250 million accelerated share repurchase.
For 2025, Global Payments forecast 5-6% constant currency adjusted net revenue growth and 10-11% adjusted EPS growth, in line with its medium-term targets. The company expects to return approximately $2 billion to shareholders during the year.
"We delivered solid financial performance consistent with our expectations, while also successfully reorienting to a unified operating model globally to address our complexity, enhance our agility and better position the business to execute against our refreshed strategy," said CEO Cameron Bready.
Global Payments’ fourth quarter GAAP revenue increased 3% YoY to $2.52 billion. GAAP diluted EPS rose 63% to $2.25, while adjusted EPS grew 12% on a constant currency basis.
The company declared a quarterly dividend of $0.25 per share, payable on March 28, 2025.
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