Brokerages Expect Payoneer Global Inc. (NASDAQ:PAYO) to Post -$0.05 Earnings Per Share

Wall Street brokerages predict that Payoneer Global Inc. (NASDAQ:PAYO – Get Rating) will post earnings per share of ($0.05) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Payoneer Global’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.04). Payoneer Global reported earnings of ($0.31) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 83.9%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Payoneer Global will report full year earnings of ($0.22) per share for the current fiscal year, with EPS estimates ranging from ($0.23) to ($0.20). For the next financial year, analysts expect that the business will report earnings of ($0.13) per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Payoneer Global.

Payoneer Global (NASDAQ:PAYO – Get Rating) last released its quarterly earnings results on Thursday, March 3rd. The company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.04). Payoneer Global had a negative net margin of 7.18% and a negative return on equity of 17.36%. The business had revenue of $139.22 million for the quarter, compared to the consensus estimate of $126.29 million. During the same period last year, the firm posted ($0.29) EPS. The business’s quarterly revenue was up 47.0% on a year-over-year basis.

A number of research firms have weighed in on PAYO. Needham & Company LLC cut their target price on shares of Payoneer Global from $13.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, March 4th. Citigroup cut their price objective on shares of Payoneer Global from $12.50 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, January 26th. Finally, Zacks Investment Research cut shares of Payoneer Global from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Payoneer Global has an average rating of “Buy” and an average target price of $10.75.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of Payoneer Global by 23.5% during the third quarter. Wellington Management Group LLP now owns 36,442,563 shares of the company’s stock worth $306,028,000 after acquiring an additional 6,938,027 shares in the last quarter. W Capital Management LLC bought a new position in shares of Payoneer Global in the 4th quarter valued at about $99,398,000. Jasper Ridge Partners L.P. acquired a new stake in shares of Payoneer Global during the 3rd quarter worth about $104,369,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Payoneer Global by 29.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,575,313 shares of the company’s stock worth $40,979,000 after buying an additional 1,256,024 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Payoneer Global by 0.9% during the 4th quarter. Jennison Associates LLC now owns 3,193,731 shares of the company’s stock worth $23,474,000 after buying an additional 27,388 shares during the last quarter. Institutional investors own 56.98% of the company’s stock.

NASDAQ PAYO traded up $0.20 on Friday, hitting $4.67. 117,866 shares of the stock were exchanged, compared to its average volume of 3,185,933. Payoneer Global has a 52-week low of $3.85 and a 52-week high of $11.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -4.47 and a beta of 0.81. The company’s 50-day moving average price is $4.59 and its two-hundred day moving average price is $6.37.

Payoneer Global Company Profile (Get Rating)

Payoneer Inc operates a cross-border payment and commerce-enabling platform that facilitates digital businesses, online sellers, and freelancers worldwide to receive and manage their international payments. The company delivers a suite of services that includes cross-border payments, working capital, tax solutions, merchant services, and risk management.

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