-$0.06 EPS Expected for Payoneer Global Inc. (NASDAQ:PAYO) This Quarter

Equities analysts forecast that Payoneer Global Inc. (NASDAQ:PAYOGet Rating) will post ($0.06) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Payoneer Global’s earnings. Payoneer Global reported earnings per share of ($0.77) during the same quarter last year, which would indicate a positive year over year growth rate of 92.2%. The company is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Payoneer Global will report full-year earnings of ($0.14) per share for the current fiscal year, with EPS estimates ranging from ($0.18) to ($0.11). For the next fiscal year, analysts forecast that the company will post earnings of ($0.20) per share, with EPS estimates ranging from ($0.23) to ($0.16). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Payoneer Global.

Payoneer Global (NASDAQ:PAYOGet Rating) last announced its earnings results on Thursday, May 12th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $136.96 million for the quarter, compared to analyst estimates of $121.19 million. Payoneer Global had a negative return on equity of 14.21% and a negative net margin of 2.01%. Payoneer Global’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.31) earnings per share.

Several analysts have recently issued reports on PAYO shares. Needham & Company LLC decreased their price target on Payoneer Global from $13.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, March 4th. Northland Securities dropped their target price on Payoneer Global from $14.00 to $9.00 in a report on Friday, May 13th. Citigroup increased their price objective on Payoneer Global from $6.50 to $7.50 in a research report on Friday, May 13th. Finally, Zacks Investment Research raised Payoneer Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $10.00.

Shares of NASDAQ PAYO opened at $5.11 on Thursday. The business’s 50-day moving average price is $4.57 and its two-hundred day moving average price is $5.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10. Payoneer Global has a one year low of $3.33 and a one year high of $11.20. The company has a market capitalization of $1.75 billion, a P/E ratio of -8.11 and a beta of 0.56.

A number of hedge funds and other institutional investors have recently bought and sold shares of PAYO. Vanguard Group Inc. boosted its stake in shares of Payoneer Global by 191.4% during the 1st quarter. Vanguard Group Inc. now owns 25,792,530 shares of the company’s stock valued at $115,035,000 after purchasing an additional 16,940,356 shares in the last quarter. W Capital Management LLC purchased a new position in shares of Payoneer Global during the fourth quarter valued at approximately $99,398,000. Wellington Management Group LLP raised its holdings in shares of Payoneer Global by 23.5% during the third quarter. Wellington Management Group LLP now owns 36,442,563 shares of the company’s stock valued at $306,028,000 after purchasing an additional 6,938,027 shares during the last quarter. Hawk Ridge Capital Management LP bought a new stake in Payoneer Global during the first quarter valued at approximately $20,336,000. Finally, Invesco Ltd. grew its position in Payoneer Global by 19,806.3% during the first quarter. Invesco Ltd. now owns 3,775,619 shares of the company’s stock valued at $16,839,000 after buying an additional 3,756,652 shares during the period. Institutional investors and hedge funds own 66.30% of the company’s stock.

Payoneer Global Company Profile (Get Rating)

Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.

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