Global Payments Raises FY17 Adj. EPS Guidance - Quick Facts

(RTTNews) - Global Payments Inc. (GPN) announced the company is increasing its outlook for fiscal 2017 adjusted earnings per share to a range of $3.45 to $3.55, reflecting growth of 16% to 19% over fiscal 2016. The company now expects adjusted operating margin for fiscal 2017 to expand by as much as 50 basis points. For fiscal 2017, Global Payments continues to expect adjusted net revenue to range from $3.2 billion to $3.3 billion, or growth of 47% to 52% over fiscal 2016.

Jeff Sloan, CEO, stated: "Our fiscal 2017 is off to a terrific start, with organic growth accelerating sequentially across our key markets in the first quarter. Heartland continued its strong growth momentum in the United States. Our businesses in Europe performed exceptionally well, and our Asia business produced its highest rate of organic revenue growth in several quarters."

For first quarter, the company reported that its adjusted earnings per share grew 9% to $0.86, compared to $0.79 in the first quarter of prior year. On a constant currency basis, adjusted earnings per share grew 15%. Adjusted net revenue grew 52% to $817.3 million, compared to $537.0 million in the first quarter of prior year. On a constant currency basis, adjusted net revenue grew 55%.

Global Payments' Board approved a quarterly dividend of $0.01 per share payable November 25, 2016 to shareholders of record as of November 11, 2016.