FlexShopper (FPAY) to Release Quarterly Earnings on Monday

FlexShopper (NASDAQ:FPAY) is projected to post its Q4 2024 quarterly earnings results before the market opens on Monday, May 12th. Analysts expect FlexShopper to post earnings of $0.02 per share and revenue of $39.95 million for the quarter.

FlexShopper (NASDAQ:FPAY) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.11). The company had revenue of $40.80 million during the quarter, compared to analyst estimates of $39.95 million. FlexShopper had a net margin of 0.67% and a return on equity of 23.98%. On average, analysts expect FlexShopper to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

FlexShopper Stock Performance

FPAY opened at $1.37 on Friday. The firm has a market cap of $29.40 million, a P/E ratio of -8.06 and a beta of 1.44. The business’s fifty day moving average is $1.30 and its 200-day moving average is $1.50. FlexShopper has a 52-week low of $0.97 and a 52-week high of $2.37. The company has a debt-to-equity ratio of 19.65, a quick ratio of 7.98 and a current ratio of 7.98.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $2.50 price objective on shares of FlexShopper in a research note on Thursday, April 24th.

Insider Activity

In related news, Director Howard Dvorkin purchased 128,668 shares of the firm’s stock in a transaction dated Thursday, May 1st. The stock was bought at an average price of $1.31 per share, with a total value of $168,555.08. Following the completion of the purchase, the director now owns 6,181,445 shares in the company, valued at approximately $8,097,692.95. This represents a 2.13 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 30.20% of the company’s stock.

FlexShopper Company Profile

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.