Analysts expect that EVO Payments Inc (NASDAQ:EVOP) will report sales of $142.24 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for EVO Payments’ earnings. The highest sales estimate is $143.00 million and the lowest is $141.47 million. The business is expected to issue its next earnings report before the market opens on Wednesday, November 7th.
According to Zacks, analysts expect that EVO Payments will report full-year sales of $563.50 million for the current year, with estimates ranging from $563.00 million to $564.16 million. For the next financial year, analysts forecast that the company will post sales of $616.82 million, with estimates ranging from $607.90 million to $624.25 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover EVO Payments.
EVO Payments (NASDAQ:EVOP) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $140.89 million during the quarter, compared to analyst estimates of $138.64 million.
EVOP has been the subject of several recent research reports. Citigroup cut their price target on EVO Payments from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, August 9th. Buckingham Research initiated coverage on EVO Payments in a report on Wednesday, August 29th. They issued a “neutral” rating and a $24.00 price target for the company. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $23.75.
A number of hedge funds have recently bought and sold shares of EVOP. Brown Advisory Inc. acquired a new stake in EVO Payments during the second quarter worth $39,653,000. Massachusetts Financial Services Co. MA acquired a new stake in EVO Payments during the second quarter worth $32,431,000. Jennison Associates LLC acquired a new stake in EVO Payments during the second quarter worth $30,571,000. Voya Investment Management LLC acquired a new stake in EVO Payments during the second quarter worth $21,597,000. Finally, Waddell & Reed Financial Inc. acquired a new stake in EVO Payments during the second quarter worth $8,232,000. 22.24% of the stock is owned by institutional investors.
NASDAQ:EVOP opened at $24.29 on Friday. EVO Payments has a one year low of $19.00 and a one year high of $27.87. The company has a debt-to-equity ratio of -0.98, a quick ratio of 1.06 and a current ratio of 1.07.
EVO Payments Company Profile
EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 525,000 merchants. The company processes approximately 900 million transactions in North America and approximately 1.7 billion transactions in Europe. Its payment and commerce solutions consist of gateway solutions, online fraud prevention and management reporting, online hosted payments page capabilities, security tokenization, and encryption solutions at the point-of-sale and online; dynamic currency conversion; loyalty offers; and other ancillary solutions.
Featured Article: How Important is Technical Analysis of Stocks
Get a free copy of the Zacks research report on EVO Payments (EVOP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EVO Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVO Payments and related companies with MarketBeat.com's FREE daily email newsletter.