Q2 2024 EPS Estimates for Nuvei Corporation (TSE:NVE) Raised by Analyst

Nuvei Corporation (TSE:NVE) – Investment analysts at Seaport Res Ptn increased their Q2 2024 earnings estimates for Nuvei in a research note issued to investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now expects that the company will post earnings of $0.35 per share for the quarter, up from their prior forecast of $0.30. Seaport Res Ptn also issued estimates for Nuvei’s Q3 2024 earnings at $0.46 EPS, FY2024 earnings at $1.63 EPS, Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.78 EPS and FY2025 earnings at $2.34 EPS.

Nuvei (TSE:NVE) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$0.42 EPS for the quarter, topping analysts’ consensus estimates of C$0.33 by C$0.09. The company had revenue of C$437.75 million for the quarter, compared to the consensus estimate of C$439.95 million.

Separately, William Blair cut shares of Nuvei from an “outperform” rating to a “market perform” rating in a research report on Monday, April 1st.

Nuvei Stock Performance

Nuvei Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, March 19th were given a dividend of $0.136 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.54 annualized dividend and a yield of ∞.