Nuvei (TSE:NVE) Downgraded by William Blair to “Market Perform”

William Blair lowered shares of Nuvei (TSE:NVEFree Report) from an outperform rating to a market perform rating in a report released on Monday morning, Zacks.com reports.

Nuvei Price Performance

Nuvei (TSE:NVEGet Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$0.42 EPS for the quarter, topping the consensus estimate of C$0.33 by C$0.09. The business had revenue of C$437.75 million during the quarter, compared to analysts’ expectations of C$439.95 million.

Nuvei Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Tuesday, March 19th will be given a $0.136 dividend. The ex-dividend date is Monday, March 18th. This represents a $0.54 annualized dividend and a dividend yield of ∞.

Further Reading

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