Flywire (FLYW) to Release Earnings on Tuesday

Flywire (NASDAQ:FLYW) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Flywire to post earnings of ($0.02) per share for the quarter. Flywire has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. The business had revenue of $100.55 million during the quarter, compared to analyst estimates of $88.52 million. Flywire had a negative return on equity of 1.35% and a negative net margin of 2.13%. The company’s revenue for the quarter was up 37.6% on a year-over-year basis. During the same period last year, the company earned ($0.01) EPS. On average, analysts expect Flywire to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flywire Price Performance

NASDAQ:FLYW opened at $19.81 on Friday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -220.09, a PEG ratio of 7.62 and a beta of 1.09. Flywire has a 1 year low of $18.65 and a 1 year high of $35.80. The business has a 50 day simple moving average of $23.76 and a 200-day simple moving average of $23.37.

Insider Buying and Selling at Flywire

In other news, COO Rob Orgel sold 17,150 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $27.30, for a total value of $468,195.00. Following the completion of the sale, the chief operating officer now owns 468,285 shares of the company’s stock, valued at approximately $12,784,180.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Rob Orgel sold 17,150 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $27.30, for a total value of $468,195.00. Following the completion of the sale, the chief operating officer now owns 468,285 shares of the company’s stock, valued at approximately $12,784,180.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Peter Butterfield sold 4,730 shares of Flywire stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $27.30, for a total value of $129,129.00. Following the sale, the general counsel now directly owns 214,678 shares of the company’s stock, valued at approximately $5,860,709.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,800 shares of company stock valued at $3,743,582. 5.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Flywire from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Flywire in a report on Tuesday, February 6th. They issued a “buy” rating and a $27.00 price target on the stock. Truist Financial increased their price target on Flywire from $30.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Oppenheimer assumed coverage on Flywire in a report on Tuesday, January 23rd. They issued an “outperform” rating and a $25.00 price target on the stock. Finally, UBS Group increased their price target on Flywire from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Flywire has a consensus rating of “Moderate Buy” and a consensus price target of $34.27.

About Flywire

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.