Wall Street brokerages expect that EVO Payments Inc (NASDAQ:EVOP) will post sales of $149.20 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for EVO Payments’ earnings. The highest sales estimate is $151.84 million and the lowest is $146.40 million. EVO Payments reported sales of $140.89 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.9%. The firm is scheduled to issue its next earnings results on Wednesday, August 14th.
On average, analysts expect that EVO Payments will report full year sales of $606.98 million for the current financial year, with estimates ranging from $605.30 million to $608.40 million. For the next fiscal year, analysts expect that the business will post sales of $662.38 million, with estimates ranging from $660.88 million to $666.40 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for EVO Payments.
EVO Payments (NASDAQ:EVOP) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $111.50 million during the quarter, compared to the consensus estimate of $134.45 million. EVO Payments had a negative net margin of 3.65% and a negative return on equity of 0.36%. The business’s quarterly revenue was down 13.1% on a year-over-year basis.
EVOP stock traded down $0.20 during mid-day trading on Wednesday, reaching $28.48. The company had a trading volume of 306,627 shares, compared to its average volume of 329,077. The stock has a market capitalization of $2.32 billion and a price-to-earnings ratio of -19.24. EVO Payments has a one year low of $19.00 and a one year high of $30.65.
In related news, EVP Groot Steven J. De sold 6,000 shares of EVO Payments stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $28.00, for a total transaction of $168,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael L. Reidenbach sold 2,000 shares of EVO Payments stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $26.75, for a total transaction of $53,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,723 shares of company stock worth $626,530.
Several hedge funds and other institutional investors have recently modified their holdings of EVOP. Ranger Investment Management L.P. acquired a new position in EVO Payments during the fourth quarter worth about $23,978,000. BlackRock Inc. grew its holdings in EVO Payments by 732.8% during the third quarter. BlackRock Inc. now owns 978,567 shares of the company’s stock worth $23,389,000 after acquiring an additional 861,067 shares during the period. Victory Capital Management Inc. acquired a new position in EVO Payments during the fourth quarter worth about $18,212,000. Vanguard Group Inc grew its holdings in EVO Payments by 78.2% during the third quarter. Vanguard Group Inc now owns 1,620,579 shares of the company’s stock worth $38,731,000 after acquiring an additional 711,204 shares during the period. Finally, Vanguard Group Inc. grew its holdings in EVO Payments by 78.2% during the third quarter. Vanguard Group Inc. now owns 1,620,579 shares of the company’s stock worth $38,731,000 after acquiring an additional 711,204 shares during the period. Institutional investors and hedge funds own 38.86% of the company’s stock.
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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