Brokerages forecast that EVO Payments Inc (NASDAQ:EVOP) will report earnings of $0.02 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for EVO Payments’ earnings. The lowest EPS estimate is ($0.07) and the highest is $0.09. EVO Payments reported earnings of $0.16 per share in the same quarter last year, which indicates a negative year over year growth rate of 87.5%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 5th.

On average, analysts expect that EVO Payments will report full-year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.35 to $0.58. For the next year, analysts forecast that the business will report earnings of $0.62 per share, with EPS estimates ranging from $0.47 to $0.73. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover EVO Payments.

EVO Payments (NASDAQ:EVOP) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The company had revenue of $111.20 million for the quarter, compared to the consensus estimate of $112.01 million. EVO Payments had a negative return on equity of 6.01% and a negative net margin of 1.98%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.20) EPS.

Several brokerages have commented on EVOP. Deutsche Bank dropped their price target on EVO Payments from $33.00 to $29.00 and set a “hold” rating on the stock in a research report on Monday, May 11th. Barclays boosted their price objective on EVO Payments from $15.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Zacks Investment Research cut EVO Payments from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. Citigroup lowered their price objective on EVO Payments from $28.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Finally, SunTrust Banks boosted their price objective on EVO Payments from $17.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $24.89.

In other EVO Payments news, EVP David L. Goldman acquired 2,500 shares of EVO Payments stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $19.52 per share, with a total value of $48,800.00. Following the completion of the purchase, the executive vice president now owns 12,500 shares in the company, valued at $244,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Wayne Leeds acquired 5,000 shares of EVO Payments stock in a transaction on Wednesday, March 11th. The stock was acquired at an average cost of $22.59 per share, for a total transaction of $112,950.00. Following the purchase, the director now owns 16,197 shares of the company’s stock, valued at approximately $365,890.23. The disclosure for this purchase can be found here. Insiders acquired 28,302 shares of company stock worth $543,065 over the last quarter. Company insiders own 61.16% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of EVO Payments during the fourth quarter valued at $48,000. Great West Life Assurance Co. Can acquired a new position in shares of EVO Payments during the fourth quarter valued at $63,000. Point72 Hong Kong Ltd acquired a new position in shares of EVO Payments during the fourth quarter valued at $77,000. Ameritas Investment Partners Inc. lifted its stake in shares of EVO Payments by 17.7% during the first quarter. Ameritas Investment Partners Inc. now owns 3,485 shares of the company’s stock valued at $53,000 after acquiring an additional 525 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of EVO Payments by 82.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,324 shares of the company’s stock valued at $66,000 after acquiring an additional 1,949 shares during the period. 52.53% of the stock is currently owned by institutional investors.

Shares of NASDAQ EVOP opened at $19.38 on Thursday. The business’s 50 day moving average is $16.26 and its two-hundred day moving average is $23.94. The company has a market cap of $1.73 billion, a P/E ratio of -77.52 and a beta of 1.54. EVO Payments has a 12 month low of $10.12 and a 12 month high of $31.93.

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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Earnings History and Estimates for EVO Payments (NASDAQ:EVOP)

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