Payoneer Global (NASDAQ:PAYO – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01), FiscalAI reports. Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%. The company had revenue of $276.94 million during the quarter, compared to analysts’ expectations of $271.95 million. During the same period in the prior year, the business posted $0.04 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis.
Payoneer Global Stock Down 0.3%
NASDAQ PAYO traded down $0.02 on Friday, reaching $7.15. The stock had a trading volume of 619,018 shares, compared to its average volume of 1,526,880. The stock has a fifty day moving average price of $7.14 and a two-hundred day moving average price of $6.17. Payoneer Global has a 12-month low of $4.08 and a 12-month high of $7.22. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 51.07, a P/E/G ratio of 1.83 and a beta of 0.97.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Weiss Ratings upgraded Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.46.
Read Our Latest Research Report on PAYO
Payoneer Global Company Profile
Payoneer Global Inc (NASDAQ: PAYO) operates a global financial technology platform that helps businesses, online marketplaces, freelancers and other professionals send, receive and manage payments across borders. Its services are designed to support companies that operate internationally, including small and medium-sized businesses and digital commerce participants.
The company provides multi-currency receiving accounts, cross-border payouts, supplier and contractor payments, currency conversion and other business payment tools.
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