Wall Street analysts expect EVO Payments Inc (NASDAQ:EVOP) to announce $0.14 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for EVO Payments’ earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.13. The company is expected to announce its next quarterly earnings report before the market opens on Wednesday, November 7th.
According to Zacks, analysts expect that EVO Payments will report full-year earnings of $0.50 per share for the current fiscal year, with EPS estimates ranging from $0.46 to $0.52. For the next financial year, analysts forecast that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.68 to $0.79. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow EVO Payments.
EVO Payments (NASDAQ:EVOP) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $140.89 million during the quarter, compared to analyst estimates of $138.64 million.
A number of research analysts recently commented on the company. Buckingham Research assumed coverage on EVO Payments in a report on Wednesday, August 29th. They issued a “neutral” rating and a $24.00 price objective on the stock. Citigroup decreased their price objective on EVO Payments from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, August 9th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $23.75.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in EVO Payments in the third quarter valued at approximately $112,000. Davidson Kempner Capital Management LP acquired a new position in EVO Payments during the second quarter worth $864,000. California Public Employees Retirement System acquired a new position in EVO Payments during the second quarter worth $206,000. Putnam Investments LLC acquired a new position in EVO Payments during the second quarter worth $1,224,000. Finally, Waddell & Reed Financial Inc. acquired a new position in EVO Payments during the second quarter worth $8,232,000. Hedge funds and other institutional investors own 21.63% of the company’s stock.
EVOP traded down $0.01 during trading hours on Wednesday, reaching $24.28. The company’s stock had a trading volume of 382,422 shares, compared to its average volume of 633,066. EVO Payments has a fifty-two week low of $19.00 and a fifty-two week high of $27.87. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of -0.98.
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.
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