Heartland Payment (HPY) Crumbles: Stock Tanks by 10.4% - Tale of the Tape
Heartland Payment Systems, Inc. ( HPY ) saw a big move last session, as the company's shares fell by over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $49.77 to $55.14 in the past one-month time frame.
On Feb 13, the company announced its fourth-quarter 2014 and full year 2014 results. Dismal fourth-quarter results led to this fall in share price.
Heartland Payment has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
HPY currently has a Zacks Rank #3 (Hold).
Investors interested in the financial transaction services industry may consider better-ranked stock like Global Payments Inc. ( GPN ), which carries a Zacks Rank #2 (Buy).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.