Repay Holdings Co. (NASDAQ:RPAY) Expected to Post Quarterly Sales of $70.30 Million

Equities research analysts expect Repay Holdings Co. (NASDAQ:RPAYGet Rating) to post sales of $70.30 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Repay’s earnings. The lowest sales estimate is $67.60 million and the highest is $75.44 million. Repay reported sales of $48.41 million in the same quarter last year, which indicates a positive year-over-year growth rate of 45.2%. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Repay will report full-year sales of $300.44 million for the current year, with estimates ranging from $298.37 million to $302.98 million. For the next financial year, analysts forecast that the company will post sales of $354.44 million, with estimates ranging from $352.36 million to $357.37 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Repay.

Repay (NASDAQ:RPAYGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The firm had revenue of $67.56 million for the quarter, compared to the consensus estimate of $67.36 million. Repay had a positive return on equity of 6.85% and a negative net margin of 8.63%. The firm’s revenue was up 42.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Several research analysts have commented on RPAY shares. Zacks Investment Research downgraded Repay from a “buy” rating to a “hold” rating in a research note on Friday, March 11th. TheStreet downgraded Repay from a “c-” rating to a “d+” rating in a research note on Monday, March 14th. Morgan Stanley cut their target price on Repay from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 2nd. BTIG Research cut their target price on Repay from $31.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, January 26th. Finally, Citigroup lowered their price target on Repay from $24.00 to $19.00 in a report on Thursday, May 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Repay currently has a consensus rating of “Buy” and a consensus price target of $21.25.

Shares of NASDAQ RPAY opened at $12.73 on Friday. Repay has a 52 week low of $9.79 and a 52 week high of $25.75. The business has a 50-day simple moving average of $13.79 and a two-hundred day simple moving average of $16.28. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.15 billion, a P/E ratio of -45.46 and a beta of 0.75.

In other news, CFO Timothy John Murphy acquired 26,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were bought at an average cost of $11.25 per share, with a total value of $292,500.00. Following the acquisition, the chief financial officer now owns 26,000 shares in the company, valued at approximately $292,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Naomi Barnett sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $14.72, for a total value of $95,680.00. The disclosure for this sale can be found here. Company insiders own 11.66% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky increased its stake in Repay by 23.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 67,553 shares of the company’s stock worth $1,234,000 after purchasing an additional 12,658 shares during the period. Taylor Frigon Capital Management LLC increased its stake in Repay by 0.7% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 194,436 shares of the company’s stock worth $3,552,000 after purchasing an additional 1,400 shares during the period. AXA S.A. increased its stake in Repay by 39.6% in the 3rd quarter. AXA S.A. now owns 69,800 shares of the company’s stock worth $1,607,000 after purchasing an additional 19,800 shares during the period. SG Americas Securities LLC purchased a new position in Repay in the 3rd quarter worth approximately $303,000. Finally, Yarbrough Capital LLC purchased a new position in Repay in the 4th quarter worth approximately $228,000.

About Repay (Get Rating)

Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods. It also offers a range of solutions relating to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant funding that are processed through its proprietary payment channels, such as Web-based, mobile application, text-to-pay, interactive voice response, and point of sale.

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