Zacks: Analysts Expect BTRS Holdings Inc. (NASDAQ:BTRS) Will Announce Earnings of -$0.07 Per Share

Equities research analysts forecast that BTRS Holdings Inc. (NASDAQ:BTRSGet Rating) will announce earnings of ($0.07) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for BTRS’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.08). BTRS posted earnings per share of ($0.16) during the same quarter last year, which would indicate a positive year-over-year growth rate of 56.3%. The company is scheduled to issue its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that BTRS will report full-year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.30) to ($0.13). For the next financial year, analysts forecast that the company will post earnings of ($0.20) per share, with EPS estimates ranging from ($0.27) to ($0.04). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover BTRS.

BTRS (NASDAQ:BTRSGet Rating) last issued its earnings results on Tuesday, March 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). BTRS had a negative net margin of 36.78% and a negative return on equity of 19.09%. The company had revenue of $34.13 million during the quarter, compared to analyst estimates of $32.77 million. During the same quarter in the previous year, the company posted ($0.61) EPS.

A number of analysts recently weighed in on the stock. Canaccord Genuity Group decreased their price target on shares of BTRS from $17.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 2nd. Citigroup increased their price target on shares of BTRS from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, March 18th. KeyCorp decreased their price target on shares of BTRS from $12.00 to $8.00 and set an “overweight” rating for the company in a research note on Tuesday, January 25th. Canaccord Genuity Group decreased their price target on shares of BTRS from $17.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 2nd. Finally, Needham & Company LLC cut their price objective on shares of BTRS from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, March 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $11.40.

In other news, SVP Andrew J. Herning sold 5,000 shares of the stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $6.98, for a total value of $34,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. increased its holdings in shares of BTRS by 3.1% in the 3rd quarter. Citigroup Inc. now owns 60,146 shares of the company’s stock valued at $640,000 after purchasing an additional 1,782 shares in the last quarter. Arizona State Retirement System increased its stake in shares of BTRS by 11.8% during the 4th quarter. Arizona State Retirement System now owns 18,533 shares of the company’s stock worth $145,000 after purchasing an additional 1,951 shares in the last quarter. Advisor Group Holdings Inc. raised its position in shares of BTRS by 98.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 5,823 shares of the company’s stock worth $63,000 after purchasing an additional 2,891 shares during the last quarter. Swiss National Bank raised its position in shares of BTRS by 2.3% during the 3rd quarter. Swiss National Bank now owns 134,500 shares of the company’s stock worth $1,431,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its stake in BTRS by 22.3% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 18,604 shares of the company’s stock valued at $198,000 after buying an additional 3,394 shares in the last quarter. Institutional investors and hedge funds own 75.70% of the company’s stock.

NASDAQ:BTRS traded down $0.54 during trading hours on Friday, reaching $6.05. 1,390,069 shares of the company’s stock were exchanged, compared to its average volume of 1,002,729. The firm has a market cap of $985.36 million, a price-to-earnings ratio of -15.12 and a beta of 0.49. The firm’s 50-day moving average is $6.84. BTRS has a 1-year low of $5.28 and a 1-year high of $15.90.

About BTRS (Get Rating)

BTRS Holdings Inc provides cloud-based software and integrated payment processing solutions that automates business-to-business (B2B) commerce worldwide. The company operates in two segments, Print, and Software and Payments. The company offers solutions that span credit decisioning and monitoring, online ordering, invoicing, cash application, and collections.

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Earnings History and Estimates for BTRS (NASDAQ:BTRS)

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