EVO Payments, Inc. (NASDAQ:EVOP – Get Rating)’s stock price reached a new 52-week high during mid-day trading on Monday following a better than expected earnings announcement. The company traded as high as $33.00 and last traded at $32.95, with a volume of 14123 shares trading hands. The stock had previously closed at $27.34.
The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $137.70 million during the quarter, compared to the consensus estimate of $138.59 million. EVO Payments had a net margin of 2.33% and a negative return on equity of 11.72%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Northcoast Research downgraded shares of EVO Payments from a “buy” rating to a “neutral” rating in a report on Tuesday. Truist Financial downgraded shares of EVO Payments from a “buy” rating to a “hold” rating and upped their price objective for the company from $32.00 to $34.00 in a report on Tuesday. Finally, William Blair downgraded shares of EVO Payments from an “outperform” rating to a “market perform” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, EVO Payments currently has a consensus rating of “Hold” and a consensus target price of $30.33.
Institutional Investors Weigh In On EVO Payments
EVO Payments Trading Down 0.6 %
The company has a 50-day simple moving average of $24.30 and a 200 day simple moving average of $23.59. The firm has a market cap of $2.81 billion, a PE ratio of 1,117.37, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40.
EVO Payments Company Profile
EVO Payments, Inc operates as an integrated merchant acquirer and payment processor in the Americas and Europe. Its payment and commerce solutions consist of EMV, chip and signature enabled POS terminals, virtual POS terminals for desktops, mobile acceptance and mPOS solutions software-based POS solutions, online hosted payments, and integrated payment service provider.
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