EVO Payments (NASDAQ:EVOP) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

EVO Payments (NASDAQ:EVOP – Get Rating) released its quarterly earnings results on Wednesday. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03, MarketWatch Earnings reports. The firm had revenue of $126.93 million for the quarter, compared to analyst estimates of $123.34 million. EVO Payments had a negative return on equity of 11.47% and a net margin of 2.33%. EVO Payments’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS.

Shares of EVOP stock traded down $0.53 on Friday, hitting $22.20. 245,779 shares of the stock traded hands, compared to its average volume of 171,566. The company has a market capitalization of $1.14 billion, a PE ratio of 740.25, a PEG ratio of 1.16 and a beta of 1.48. EVO Payments has a 1-year low of $20.07 and a 1-year high of $30.46. The company’s fifty day moving average is $23.03 and its 200 day moving average is $23.31.

In other news, Director Gregory S. Pope purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The shares were acquired at an average cost of $22.61 per share, with a total value of $452,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 42.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. grew its stake in EVO Payments by 1.3% during the 3rd quarter. Macquarie Group Ltd. now owns 1,634,925 shares of the company’s stock worth $38,716,000 after buying an additional 20,990 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in EVO Payments by 9.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 97,281 shares of the company’s stock worth $2,304,000 after buying an additional 8,756 shares during the last quarter. BlackRock Inc. grew its stake in EVO Payments by 0.7% during the 3rd quarter. BlackRock Inc. now owns 3,613,719 shares of the company’s stock worth $85,574,000 after buying an additional 26,379 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in EVO Payments by 10.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 28,222 shares of the company’s stock worth $668,000 after buying an additional 2,725 shares during the last quarter. Finally, Lindbrook Capital LLC grew its stake in EVO Payments by 13,523.8% during the 4th quarter. Lindbrook Capital LLC now owns 2,861 shares of the company’s stock worth $73,000 after buying an additional 2,840 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Several equities analysts recently commented on the company. TheStreet raised EVO Payments from a “d+” rating to a “c-” rating in a research report on Friday, January 7th. Citigroup raised EVO Payments from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $28.00 in a research report on Wednesday, January 26th. Zacks Investment Research lowered EVO Payments from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, William Blair reaffirmed an “outperform” rating on shares of EVO Payments in a research report on Wednesday, February 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, EVO Payments presently has an average rating of “Hold” and a consensus target price of $28.50.

EVO Payments Company Profile (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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