JetPay Corp. (JTPY) Releases Earnings Results, Misses Expectations By $0.01 EPS
JetPay Corp. (NASDAQ:JTPY) posted its quarterly earnings results on Monday. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.01. JetPay Corp. had a negative return on equity of 5.46% and a negative net margin of 15.63%. The business had revenue of $15.20 million for the quarter, compared to analyst estimates of $10.30 million.
JetPay Corp. (NASDAQ:JTPY) opened at 2.5877 on Tuesday. The stock’s 50 day moving average price is $2.65 and its 200-day moving average price is $2.39. The firm’s market cap is $45.76 million. JetPay Corp. has a 12-month low of $1.89 and a 12-month high of $3.25.
Separately, Zacks Investment Research raised JetPay Corp. from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a report on Monday, August 22nd.
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