Analysts Expect EVO Payments Inc (EVOP) to Post $0.05 Earnings Per Share

Analysts expect EVO Payments Inc (NASDAQ:EVOP) to report earnings of $0.05 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for EVO Payments’ earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.01. The company is scheduled to issue its next earnings report before the market opens on Thursday, May 2nd.

According to Zacks, analysts expect that EVO Payments will report full-year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.53 to $0.79. For the next fiscal year, analysts anticipate that the business will report earnings of $0.72 per share, with EPS estimates ranging from $0.65 to $0.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow EVO Payments.

EVO Payments (NASDAQ:EVOP) last posted its earnings results on Wednesday, March 13th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.05). The business had revenue of $150.82 million during the quarter, compared to the consensus estimate of $150.70 million.

Several research firms have weighed in on EVOP. Zacks Investment Research lowered EVO Payments from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. First Analysis started coverage on EVO Payments in a research note on Thursday, January 31st. They set an “outperform” rating and a $28.00 price objective on the stock. Bank of America lowered EVO Payments from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $28.00 to $23.00 in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Finally, ValuEngine lowered EVO Payments from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.55.

In related news, EVP Groot Steven J. De sold 2,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $29.05, for a total transaction of $58,100.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Groot Steven J. De sold 6,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $28.00, for a total value of $168,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,000 shares of company stock worth $406,420.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVOP. JPMorgan Chase & Co. lifted its position in EVO Payments by 135.3% during the third quarter. JPMorgan Chase & Co. now owns 30,109 shares of the company’s stock worth $720,000 after buying an additional 17,312 shares during the period. Rhumbline Advisers purchased a new position in EVO Payments during the third quarter worth about $273,000. Bank of New York Mellon Corp purchased a new position in EVO Payments during the third quarter worth about $1,958,000. BlackRock Inc. lifted its position 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 buying an additional 861,067 shares during the period. Finally, FMR LLC lifted its position in EVO Payments by 2,447.2% during the third quarter. FMR LLC now owns 781,978 shares of the company’s stock worth $18,689,000 after buying an additional 751,278 shares during the period. Hedge funds and other institutional investors own 35.96% of the company’s stock.

EVO Payments stock traded down $0.66 during trading hours on Friday, hitting $28.27. The stock had a trading volume of 191,157 shares, compared to its average volume of 343,696. The firm has a market capitalization of $2.30 billion and a price-to-earnings ratio of -19.10. EVO Payments has a 1-year low of $19.00 and a 1-year high of $30.45.

EVO Payments Company Profile

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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Earnings History and Estimates for EVO Payments (NASDAQ:EVOP)

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