Repay (RPAY) Set to Announce Quarterly Earnings on Thursday

Repay (NASDAQ:RPAY) will be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect Repay to post earnings of $0.22 per share for the quarter. Repay has set its FY 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Repay had a positive return on equity of 7.49% and a negative net margin of 37.25%. The company had revenue of $75.99 million during the quarter, compared to analysts’ expectations of $69.94 million. On average, analysts expect Repay to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Repay Stock Performance

RPAY opened at $10.95 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.95 and a current ratio of 2.95. The business’s 50-day simple moving average is $10.20 and its 200 day simple moving average is $8.52. The firm has a market capitalization of $1.12 billion, a PE ratio of -8.98 and a beta of 1.36. Repay has a 52-week low of $5.63 and a 52-week high of $11.22.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 target price on shares of Repay in a research note on Friday, March 1st. Benchmark initiated coverage on shares of Repay in a report on Tuesday, February 13th. They issued a “buy” rating and a $10.00 target price on the stock. DA Davidson reiterated a “buy” rating and set a $16.00 price target on shares of Repay in a report on Tuesday, April 30th. Keefe, Bruyette & Woods upped their price objective on Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a research note on Monday, March 4th. Finally, Barclays lifted their target price on Repay from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Repay presently has a consensus rating of “Hold” and an average target price of $10.25.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 4,925 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $10.00, for a total transaction of $49,250.00. Following the transaction, the chief financial officer now owns 652,011 shares in the company, valued at approximately $6,520,110. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 116,019 shares of company stock worth $1,220,382 in the last quarter. 11.00% of the stock is currently owned by corporate insiders.

Repay Company Profile

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.