$126.47 Million in Sales Expected for Payoneer Global Inc. (NASDAQ:PAYO) This Quarter

Equities research analysts expect Payoneer Global Inc. (NASDAQ:PAYO – Get Rating) to report sales of $126.47 million for the current quarter, according to Zacks. Two analysts have provided estimates for Payoneer Global’s earnings, with the highest sales estimate coming in at $128.10 million and the lowest estimate coming in at $124.85 million. Payoneer Global posted sales of $110.93 million in the same quarter last year, which would indicate a positive year over year growth rate of 14%. The firm is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Payoneer Global will report full year sales of $555.23 million for the current fiscal year, with estimates ranging from $554.96 million to $555.50 million. For the next financial year, analysts forecast that the business will report sales of $659.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Payoneer Global.

Payoneer Global (NASDAQ:PAYO – Get Rating) last issued its earnings results on Thursday, May 12th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. Payoneer Global had a negative return on equity of 14.21% and a negative net margin of 2.01%. The firm had revenue of $136.96 million for the quarter, compared to the consensus estimate of $121.19 million. During the same quarter in the prior year, the business earned ($0.31) earnings per share. The company’s revenue was up 36.1% compared to the same quarter last year.

PAYO has been the topic of a number of analyst reports. Zacks Investment Research raised Payoneer Global from a “strong sell” rating to a “hold” rating in a report on Thursday, May 5th. Northland Securities decreased their price target on Payoneer Global from $14.00 to $9.00 in a research note on Friday, May 13th. Citigroup boosted their price target on Payoneer Global from $6.50 to $7.50 in a research note on Friday, May 13th. Finally, Needham & Company LLC decreased their price target on Payoneer Global from $13.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, March 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Payoneer Global currently has a consensus rating of “Buy” and an average target price of $10.00.

Shares of PAYO traded up $0.18 during mid-day trading on Friday, reaching $5.10. The company had a trading volume of 3,025,518 shares, compared to its average volume of 3,103,265. Payoneer Global has a 52-week low of $3.33 and a 52-week high of $11.20. The stock has a 50 day moving average of $4.48 and a two-hundred day moving average of $5.51. The stock has a market capitalization of $1.74 billion, a P/E ratio of -8.10 and a beta of 0.64. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.03.

A number of hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC purchased a new stake in Payoneer Global in the 1st quarter valued at approximately $50,000. Advisors Asset Management Inc. raised its holdings in Payoneer Global by 64.6% in the 1st quarter. Advisors Asset Management Inc. now owns 21,874 shares of the company’s stock valued at $98,000 after acquiring an additional 8,588 shares during the last quarter. Quantbot Technologies LP raised its holdings in Payoneer Global by 142.5% in the 1st quarter. Quantbot Technologies LP now owns 17,806 shares of the company’s stock valued at $79,000 after acquiring an additional 10,464 shares during the last quarter. Shay Capital LLC acquired a new position in Payoneer Global in the 1st quarter valued at $123,000. Finally, Ensign Peak Advisors Inc acquired a new position in Payoneer Global in the 1st quarter valued at $53,000. 66.30% of the stock is currently owned by hedge funds and other institutional investors.

About Payoneer Global (Get Rating)

Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.

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