Flywire Co. Expected to Earn Q2 2022 Earnings of ($0.13) Per Share (NASDAQ:FLYW)

Flywire Co. (NASDAQ:FLYW – Get Rating) – Research analysts at William Blair reduced their Q2 2022 EPS estimates for shares of Flywire in a report issued on Wednesday, May 11th. William Blair analyst R. Napoli now forecasts that the company will earn ($0.13) per share for the quarter, down from their prior estimate of ($0.10). William Blair also issued estimates for Flywire’s Q3 2022 earnings at ($0.01) EPS, Q4 2022 earnings at ($0.11) EPS, FY2022 earnings at ($0.35) EPS and FY2023 earnings at ($0.18) EPS.

FLYW has been the topic of several other reports. Sumitomo Mitsui Financial Group began coverage on shares of Flywire in a report on Wednesday, April 13th. They issued an “outperform” rating and a $40.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of Flywire from $41.00 to $36.00 in a report on Wednesday, May 11th. The Goldman Sachs Group decreased their price target on shares of Flywire from $44.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, April 8th. Royal Bank of Canada reduced their target price on shares of Flywire from $51.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday, March 3rd. Finally, Raymond James reduced their target price on shares of Flywire from $39.00 to $33.00 in a report on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Flywire presently has a consensus rating of “Buy” and a consensus target price of $40.83.

FLYW stock opened at $20.18 on Monday. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.05. Flywire has a 12 month low of $16.30 and a 12 month high of $57.41. The firm has a market cap of $2.16 billion and a P/E ratio of -42.04. The company’s 50-day moving average price is $28.03 and its two-hundred day moving average price is $32.34.

Flywire (NASDAQ:FLYW – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.07). Flywire had a negative net margin of 13.72% and a negative return on equity of 4.10%. The firm had revenue of $64.55 million during the quarter, compared to the consensus estimate of $56.83 million. During the same period in the prior year, the business earned ($0.41) earnings per share. Flywire’s quarterly revenue was up 43.5% compared to the same quarter last year.

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in Flywire during the 1st quarter valued at $3,147,000. Vanguard Group Inc. grew its stake in shares of Flywire by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,038,684 shares of the company’s stock worth $154,082,000 after acquiring an additional 37,622 shares in the last quarter. Blair William & Co. IL grew its stake in shares of Flywire by 10.7% in the 1st quarter. Blair William & Co. IL now owns 646,859 shares of the company’s stock worth $19,781,000 after acquiring an additional 62,480 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Flywire by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 34,947 shares of the company’s stock worth $1,069,000 after acquiring an additional 12,461 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Flywire by 27.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,142 shares of the company’s stock worth $309,000 after acquiring an additional 2,182 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

In related news, Director Phillip John Riese sold 5,000 shares of the business’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $31.16, for a total transaction of $155,800.00. Following the transaction, the director now owns 7,292 shares in the company, valued at approximately $227,218.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Rob Orgel sold 20,000 shares of the business’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $31.13, for a total transaction of $622,600.00. Following the transaction, the chief operating officer now owns 126,019 shares in the company, valued at approximately $3,922,971.47. The disclosure for this sale can be found here. Insiders have sold a total of 100,505 shares of company stock worth $2,946,937 in the last quarter.

Flywire Company Profile (Get Rating)

Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Canada, and the United Kingdom, and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay.

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