Payoneer Global (NASDAQ:PAYO) Announces Quarterly Earnings Results

Payoneer Global (NASDAQ:PAYO – Get Free Report) announced its earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01), FiscalAI reports. The company had revenue of $276.94 million for the quarter, compared to the consensus estimate of $271.95 million. Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.04 EPS.

Payoneer Global Stock Down 0.3%

Shares of NASDAQ:PAYO traded down $0.02 during midday trading on Friday, reaching $7.15. The company’s stock had a trading volume of 619,018 shares, compared to its average volume of 1,526,880. The firm has a market capitalization of $2.42 billion, a PE ratio of 51.07, a P/E/G ratio of 1.83 and a beta of 0.97. The stock has a fifty day moving average of $7.14 and a 200 day moving average of $6.17. Payoneer Global has a twelve month low of $4.08 and a twelve month high of $7.22.

Wall Street Analyst Weigh In

PAYO has been the subject of several analyst reports. Weiss Ratings raised shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.46.

View Our Latest Report on PAYO

Payoneer Global Company Profile

(Get Free Report)

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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Earnings History for Payoneer Global (NASDAQ:PAYO)

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