EVO Payments, Inc. (NASDAQ:EVOP) Expected to Post Earnings of $0.27 Per Share

Wall Street brokerages predict that EVO Payments, Inc. (NASDAQ:EVOPGet Rating) will announce earnings of $0.27 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for EVO Payments’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.30. EVO Payments posted earnings per share of $0.21 during the same quarter last year, which indicates a positive year-over-year growth rate of 28.6%. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that EVO Payments will report full-year earnings of $1.12 per share for the current year, with EPS estimates ranging from $1.06 to $1.16. For the next financial year, analysts anticipate that the firm will post earnings of $1.31 per share, with EPS estimates ranging from $1.21 to $1.38. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover EVO Payments.

EVO Payments (NASDAQ:EVOPGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. EVO Payments had a negative return on equity of 11.72% and a net margin of 2.33%. The business had revenue of $126.93 million for the quarter, compared to analyst estimates of $123.34 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis.

Several analysts recently issued reports on EVOP shares. William Blair reaffirmed an “outperform” rating on shares of EVO Payments in a report on Wednesday, February 23rd. Zacks Investment Research lowered shares of EVO Payments from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. Finally, Citigroup raised EVO Payments from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $28.00 in a research report on Wednesday, January 26th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, EVO Payments presently has a consensus rating of “Buy” and an average price target of $28.00.

Shares of EVOP stock opened at $22.56 on Monday. EVO Payments has a 12 month low of $20.07 and a 12 month high of $30.46. The company has a market cap of $1.89 billion, a PE ratio of 752.25, a price-to-earnings-growth ratio of 1.14 and a beta of 1.48. The business’s 50 day moving average is $22.94 and its two-hundred day moving average is $23.34.

In related news, Director Gregory S. Pope purchased 20,000 shares of EVO Payments stock in a transaction on Tuesday, March 1st. The stock was purchased at an average cost of $22.61 per share, with a total value of $452,200.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 42.60% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. boosted its holdings in EVO Payments by 1.3% in the 3rd quarter. Macquarie Group Ltd. now owns 1,634,925 shares of the company’s stock valued at $38,716,000 after purchasing an additional 20,990 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of 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 acquiring an additional 8,756 shares during the period. BlackRock Inc. lifted its holdings in shares of 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 acquiring an additional 26,379 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 2,725 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in shares of 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 acquiring an additional 2,840 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

About EVO Payments (Get Rating)

EVO Payments, Inc operates as an integrated merchant acquirer and payment processor in the Americas and Europe. Its payment and commerce solutions consist of EMV, chip and signature enabled POS terminals, virtual POS terminals for desktops, mobile acceptance and mPOS solutions software-based POS solutions, online hosted payments, and integrated payment service provider.

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