DLocal (NASDAQ:DLO) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

DLocal (NASDAQ:DLO) announced its quarterly earnings data on Thursday. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02, FiscalAI reports. DLocal had a return on equity of 41.64% and a net margin of 15.04%. The business had revenue of $398.05 million during the quarter, compared to the consensus estimate of $408.48 million.

DLocal Stock Performance

Shares of DLocal stock traded down $0.26 during trading hours on Thursday, reaching $13.70. The company’s stock had a trading volume of 1,863,031 shares, compared to its average volume of 2,052,932. The company has a market capitalization of $4.04 billion, a P/E ratio of 20.45 and a beta of 0.95. The stock’s fifty day simple moving average is $14.41 and its two-hundred day simple moving average is $13.54. DLocal has a one year low of $10.64 and a one year high of $16.15.

Analyst Ratings Changes

Several research firms have recently issued reports on DLO. Weiss Ratings downgraded DLocal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, November 2nd. Truist Financial cut their target price on shares of DLocal from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of DLocal from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.00.

About DLocal

DLocal is a payments technology company that helps global businesses accept and send payments in emerging markets. Its platform connects merchants with local payment systems, allowing them to manage transactions across multiple countries through a single integration. The company’s services include payment collection, or pay-ins, and disbursements, or pay-outs. It supports local payment options such as cards, bank transfers, digital wallets and cash-based methods, helping businesses serve customers who may not use international payment networks.