WizzFinancial (LON:FIN) Posts Earnings Results

WizzFinancial (LON:FIN) released its quarterly earnings results on Thursday. The company reported GBX (1.92) earnings per share for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 1,243 million for the quarter. WizzFinancial had a net margin of 2.75% and a return on equity of 11.58%.

WizzFinancial Stock Performance

LON FIN opened at GBX 8.73 on Thursday. The company’s 50 day moving average is GBX 9.14 and its 200-day moving average is GBX 12.38. WizzFinancial has a 12-month low of GBX 7.85 and a 12-month high of GBX 34.98. The company has a quick ratio of 1.02, a current ratio of 1.66 and a debt-to-equity ratio of 89.79. The firm has a market cap of £6.15 million, a P/E ratio of 15.86 and a beta of 1.62.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of WizzFinancial in a research report on Thursday.

Insider Buying and Selling

In other news, insider Bill Newton sold 297,200 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of GBX 9, for a total value of £26,748. Also, insider Andrew Richards purchased 58,000 shares of the stock in a transaction dated Tuesday, April 14th. The stock was acquired at an average cost of GBX 9 per share, for a total transaction of £5,220. Over the last quarter, insiders have purchased 497,000 shares of company stock valued at $4,473,000 and have sold 721,921 shares valued at $6,215,226. 16.28% of the stock is currently owned by company insiders.

WizzFinancial Company Profile

WizzFinancial operates as a platform for B2B payments and foreign exchange solutions worldwide. It operates through three segments: Cross-Border Payments & Consumer Solutions, Consumer Foreign Exchange Solutions, and B2B & Payment Technology Solutions. The Cross-Border Payments & Consumer Solutions segment offers cross-border payments services through digital and physical channels. This segment also provides payroll processing, mobile wallet, bill payment, digital gifting, and consumer advance services.