Payoneer Global Inc. (NASDAQ:PAYO) Expected to Announce Quarterly Sales of $117.30 Million

Equities analysts expect that Payoneer Global Inc. (NASDAQ:PAYOGet Rating) will report sales of $117.30 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Payoneer Global’s earnings, with estimates ranging from $116.80 million to $117.80 million. Payoneer Global posted sales of $100.61 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16.6%. The company is expected to announce its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Payoneer Global will report full-year sales of $535.62 million for the current fiscal year, with estimates ranging from $534.93 million to $536.30 million. For the next year, analysts expect that the business will report sales of $654.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Payoneer Global.

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

PAYO has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Payoneer Global from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 9th. Citigroup dropped their price objective on shares of Payoneer Global from $12.50 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, January 26th. Finally, Needham & Company LLC lowered their price target on shares of Payoneer Global from $13.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Payoneer Global currently has a consensus rating of “Buy” and a consensus price target of $10.75.

PAYO stock opened at $4.18 on Friday. The firm’s fifty day simple moving average is $4.46 and its 200-day simple moving average is $6.00. The company has a market capitalization of $1.43 billion, a P/E ratio of -4.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10. Payoneer Global has a 12 month low of $3.85 and a 12 month high of $11.20.

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Payoneer Global by 3,831.6% during the third quarter. Geode Capital Management LLC now owns 1,790,397 shares of the company’s stock valued at $15,307,000 after purchasing an additional 1,744,858 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Payoneer Global during the fourth quarter valued at $2,400,000. Tuttle Capital Management LLC purchased a new position in Payoneer Global during the fourth quarter valued at $158,000. Van ECK Associates Corp purchased a new position in Payoneer Global during the fourth quarter valued at $463,000. Finally, GSA Capital Partners LLP purchased a new position in Payoneer Global during the third quarter valued at $234,000. 56.98% of the stock is currently owned by institutional investors and hedge funds.

About Payoneer Global (Get Rating)

Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.

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