Equities analysts expect EVO Payments Inc (NASDAQ:EVOP) to announce $0.16 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for EVO Payments’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.14. EVO Payments reported earnings per share of $0.17 in the same quarter last year, which indicates a negative year over year growth rate of 5.9%. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 6th.
According to Zacks, analysts expect that EVO Payments will report full-year earnings of $0.59 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.66. For the next fiscal year, analysts expect that the company will report earnings of $0.71 per share, with EPS estimates ranging from $0.65 to $0.79. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover EVO Payments.
EVO Payments (NASDAQ:EVOP) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $122.52 million for the quarter, compared to analyst estimates of $141.10 million. EVO Payments had a negative net margin of 6.85% and a negative return on equity of 4.80%. The company’s revenue for the quarter was down 13.0% on a year-over-year basis.
EVOP has been the subject of several recent analyst reports. ValuEngine cut shares of EVO Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. BTIG Research reiterated a “hold” rating on shares of EVO Payments in a research report on Thursday, August 8th. Cantor Fitzgerald assumed coverage on shares of EVO Payments in a research report on Wednesday, May 29th. They set a “neutral” rating and a $30.05 price target for the company. Northcoast Research assumed coverage on shares of EVO Payments in a research report on Friday, May 24th. They set a “neutral” rating for the company. Finally, Zacks Investment Research cut shares of EVO Payments from a “strong-buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $28.76.
In related news, EVP Michael L. Reidenbach sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $31.18, for a total transaction of $124,720.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Groot Steven J. De sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $29.00, for a total transaction of $58,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,999 shares of company stock valued at $2,358,053. Corporate insiders own 61.16% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Waddell & Reed Financial Inc. increased its holdings in shares of EVO Payments by 61.9% in the second quarter. Waddell & Reed Financial Inc. now owns 1,209,381 shares of the company’s stock valued at $38,132,000 after purchasing an additional 462,523 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of EVO Payments during the second quarter valued at approximately $5,660,000. Price T Rowe Associates Inc. MD raised its holdings in shares of EVO Payments by 6.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,504,268 shares of the company’s stock valued at $47,430,000 after acquiring an additional 93,599 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of EVO Payments by 21.4% during the second quarter. Victory Capital Management Inc. now owns 1,357,265 shares of the company’s stock valued at $42,795,000 after acquiring an additional 239,191 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of EVO Payments by 573.7% during the second quarter. Citadel Advisors LLC now owns 324,112 shares of the company’s stock valued at $10,219,000 after acquiring an additional 276,006 shares during the last quarter. 37.87% of the stock is currently owned by hedge funds and other institutional investors.
EVOP opened at $27.91 on Tuesday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -18.86, a price-to-earnings-growth ratio of 4.36 and a beta of 0.61. EVO Payments has a fifty-two week low of $20.40 and a fifty-two week high of $31.93. The company’s 50-day moving average price is $29.97 and its 200 day moving average price is $28.54.
About EVO Payments
EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 550,000 merchants. The company processes approximately 950 million transactions in North America and approximately 2.1 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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