EVO Payments, Inc. (NASDAQ:EVOP) Expected to Post Quarterly Sales of $139.26 Million

Equities research analysts expect that EVO Payments, Inc. (NASDAQ:EVOP – Get Rating) will report sales of $139.26 million for the current quarter, Zacks reports. Four analysts have made estimates for EVO Payments’ earnings. The highest sales estimate is $139.80 million and the lowest is $138.29 million. EVO Payments posted sales of $122.24 million in the same quarter last year, which suggests a positive year over year growth rate of 13.9%. The firm is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that EVO Payments will report full year sales of $560.09 million for the current fiscal year, with estimates ranging from $554.73 million to $568.10 million. For the next fiscal year, analysts forecast that the business will post sales of $630.79 million, with estimates ranging from $610.57 million to $649.70 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow EVO Payments.

EVO Payments (NASDAQ:EVOP – Get Rating) last announced its earnings results on Wednesday, May 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $126.93 million for the quarter, compared to analyst estimates of $123.34 million. EVO Payments had a net margin of 2.33% and a negative return on equity of 11.72%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share.

EVOP has been the topic of a number of research reports. Zacks Investment Research lowered shares of EVO Payments from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. Citigroup upgraded shares of EVO Payments from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $28.00 in a research report on Wednesday, January 26th. Finally, William Blair reiterated an “outperform” rating on shares of EVO Payments in a research report on Wednesday, February 23rd. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $28.00.

Shares of EVOP opened at $23.00 on Wednesday. The firm has a market cap of $1.93 billion, a PE ratio of 766.92, a price-to-earnings-growth ratio of 1.14 and a beta of 1.48. The company’s 50 day simple moving average is $22.92 and its 200-day simple moving average is $23.35. EVO Payments has a 12-month low of $20.07 and a 12-month high of $30.46.

In related news, Director Gregory S. Pope bought 20,000 shares of the firm’s stock in a transaction on Tuesday, March 1st. The shares were bought at an average cost of $22.61 per share, for a total transaction of $452,200.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 42.60% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Brown Advisory Inc. boosted its position in shares of EVO Payments by 1.6% during the 1st quarter. Brown Advisory Inc. now owns 6,304,549 shares of the company’s stock worth $145,682,000 after purchasing an additional 99,653 shares in the last quarter. BlackRock Inc. raised its stake 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 buying an additional 26,379 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of EVO Payments by 17.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,546,199 shares of the company’s stock worth $90,783,000 after buying an additional 526,837 shares during the last quarter. Jennison Associates LLC raised its stake in shares of EVO Payments by 8.1% during the 4th quarter. Jennison Associates LLC now owns 1,734,209 shares of the company’s stock worth $44,396,000 after buying an additional 129,313 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of EVO Payments by 26.6% during the 4th quarter. Bank of America Corp DE now owns 1,684,376 shares of the company’s stock worth $43,119,000 after buying an additional 353,563 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

EVO Payments Company Profile (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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