DLocal (NASDAQ:DLO) Announces Earnings Results

DLocal (NASDAQ:DLO) released its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02, FiscalAI reports. The company had revenue of $398.05 million during the quarter, compared to analysts’ expectations of $408.48 million. DLocal had a net margin of 15.04% and a return on equity of 41.64%.

DLocal Stock Performance

NASDAQ DLO traded down $0.26 during trading on Thursday, hitting $13.70. The stock had a trading volume of 1,968,613 shares, compared to its average volume of 2,056,958. The company has a market capitalization of $4.04 billion, a PE ratio of 20.45 and a beta of 0.95. The company’s 50-day moving average price is $14.41 and its two-hundred day moving average price is $13.54. DLocal has a 12 month low of $10.64 and a 12 month high of $16.15.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DLO shares. Weiss Ratings lowered shares of DLocal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, November 2nd. Truist Financial cut their price objective on shares of DLocal from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Finally, The Goldman Sachs Group upped their target price on shares of DLocal from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

DLocal Company Profile

DLocal is a payments technology company that helps global businesses accept and send payments in emerging markets. Its platform connects merchants with local payment systems, allowing them to manage transactions across multiple countries through a single integration. The company’s services include payment collection, or pay-ins, and disbursements, or pay-outs. It supports local payment options such as cards, bank transfers, digital wallets and cash-based methods, helping businesses serve customers who may not use international payment networks.