Priority Technology (PRTH) to Release Quarterly Earnings on Wednesday

Priority Technology (NASDAQ:PRTHGet Rating) will release its earnings data before the market opens on Wednesday, May 11th. Analysts expect Priority Technology to post earnings of $0.08 per share for the quarter. Priority Technology has set its FY 2022 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Priority Technology (NASDAQ:PRTHGet Rating) last announced its earnings results on Wednesday, March 16th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. During the same period in the previous year, the business posted ($0.01) earnings per share. On average, analysts expect Priority Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:PRTH opened at $4.83 on Wednesday. The company has a fifty day simple moving average of $5.45 and a two-hundred day simple moving average of $5.89. Priority Technology has a 52 week low of $4.35 and a 52 week high of $8.38.

Several hedge funds have recently modified their holdings of PRTH. Wells Fargo & Company MN grew its stake in shares of Priority Technology by 9.8% during the second quarter. Wells Fargo & Company MN now owns 128,868 shares of the company’s stock worth $984,000 after purchasing an additional 11,522 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Priority Technology by 14.3% during the third quarter. Bank of New York Mellon Corp now owns 17,626 shares of the company’s stock worth $118,000 after purchasing an additional 2,205 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Priority Technology by 260.8% during the fourth quarter. Bank of America Corp DE now owns 8,064 shares of the company’s stock worth $57,000 after purchasing an additional 5,829 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Priority Technology by 131.7% in the fourth quarter. JPMorgan Chase & Co. now owns 14,385 shares of the company’s stock valued at $102,000 after acquiring an additional 8,177 shares in the last quarter. Finally, Barclays PLC boosted its stake in Priority Technology by 202.9% in the fourth quarter. Barclays PLC now owns 12,353 shares of the company’s stock valued at $87,000 after acquiring an additional 8,275 shares in the last quarter. Hedge funds and other institutional investors own 12.97% of the company’s stock.

Several research firms have commented on PRTH. Zacks Investment Research downgraded shares of Priority Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, March 23rd. B. Riley began coverage on shares of Priority Technology in a research note on Wednesday, March 30th. They issued a “buy” rating and a $14.00 price target for the company.

About Priority Technology (Get Rating)

Priority Technology Holdings, Inc operates as a payment technology company in the United States. It operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business Payments, and Enterprise Payments. The company offers MX product line, including MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing as our leverage point.

Recommended Stories

Earnings History for Priority Technology (NASDAQ:PRTH)

Receive News & Ratings for Priority Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Priority Technology and related companies with MarketBeat.com's FREE daily email newsletter.