Zacks: Brokerages Expect EVO Payments, Inc. (NASDAQ:EVOP) to Announce $0.17 EPS

Wall Street analysts expect that EVO Payments, Inc. (NASDAQ:EVOPGet Rating) will announce earnings per share (EPS) of $0.17 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for EVO Payments’ earnings, with estimates ranging from $0.13 to $0.20. EVO Payments reported earnings of $0.13 per share during the same quarter last year, which indicates a positive year over year growth rate of 30.8%. The business is scheduled to issue its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that EVO Payments will report full year earnings of $1.08 per share for the current year, with EPS estimates ranging from $1.03 to $1.12. For the next year, analysts anticipate that the firm will post earnings of $1.26 per share, with EPS estimates ranging from $1.15 to $1.37. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow EVO Payments.

EVO Payments (NASDAQ:EVOPGet Rating) last released its quarterly earnings data on Wednesday, February 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The business had revenue of $133.19 million for the quarter, compared to analysts’ expectations of $133.51 million. EVO Payments had a negative return on equity of 11.14% and a net margin of 1.74%. EVO Payments’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share.

A number of analysts have recently issued reports on EVOP shares. Citigroup upgraded EVO Payments from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $28.00 in a research report on Wednesday, January 26th. William Blair reiterated an “outperform” rating on shares of EVO Payments in a research report on Wednesday, February 23rd. Zacks Investment Research cut EVO Payments from a “buy” rating to a “hold” rating in a research report on Friday, February 25th. Finally, TheStreet upgraded EVO Payments from a “d+” rating to a “c-” rating in a research report on Friday, January 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $29.40.

In other EVO Payments news, Director Gregory S. Pope acquired 20,000 shares of EVO Payments stock in a transaction on Tuesday, March 1st. The shares were bought at an average price of $22.61 per share, with a total value of $452,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of EVOP. Lindbrook Capital LLC boosted its stake in EVO Payments by 13,523.8% in the fourth quarter. Lindbrook Capital LLC now owns 2,861 shares of the company’s stock worth $73,000 after purchasing an additional 2,840 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in EVO Payments by 216.0% in the third quarter. Point72 Hong Kong Ltd now owns 3,584 shares of the company’s stock worth $85,000 after purchasing an additional 2,450 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in EVO Payments by 43.2% in the third quarter. Advisor Group Holdings Inc. now owns 4,767 shares of the company’s stock worth $113,000 after purchasing an additional 1,438 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of EVO Payments by 5.6% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,709 shares of the company’s stock valued at $206,000 after acquiring an additional 464 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of EVO Payments during the fourth quarter valued at $232,000. 91.84% of the stock is currently owned by institutional investors.

Shares of EVOP traded down $0.42 on Monday, reaching $22.11. 14,684 shares of the stock traded hands, compared to its average volume of 215,302. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -548.00, a P/E/G ratio of 1.12 and a beta of 1.59. EVO Payments has a 12 month low of $20.07 and a 12 month high of $30.46. The stock’s 50-day moving average price is $23.17 and its 200-day moving average price is $23.33.

About EVO Payments (Get Rating)

EVO Payments, Inc is a holding company, which provides payments technology and services. It offers payment and commerce solutions. The firm operates through the Americas and Europe geographical segments. The Americas segment is composed of the United States, Canada, and Mexico. The Europe segment includes operations in the Czech Republic, Germany, Ireland, Poland, Spain, and the United Kingdom, as well as supporting merchants in France, Austria, Italy, the Nordics, and other Central and Eastern European.

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