Priority Technology (PRTH) Set to Announce Quarterly Earnings on Thursday

Priority Technology (NASDAQ:PRTH) will be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Priority Technology has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Priority Technology (NASDAQ:PRTH) last released its earnings results on Tuesday, March 12th. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $199.28 million for the quarter, compared to analyst estimates of $204.19 million. On average, analysts expect Priority Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Priority Technology Trading Up 5.8 %

Priority Technology stock opened at $3.44 on Wednesday. The company has a market cap of $260.72 million, a P/E ratio of -5.46 and a beta of 0.87. Priority Technology has a 1-year low of $2.62 and a 1-year high of $5.03. The company has a fifty day simple moving average of $3.21 and a 200 day simple moving average of $3.34.

Insider Activity

In other news, insider Sean Kiewiet sold 10,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $3.30, for a total value of $33,000.00. Following the sale, the insider now directly owns 1,351,853 shares of the company’s stock, valued at approximately $4,461,114.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 12,922 shares of company stock valued at $42,276. 76.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, B. Riley raised their target price on shares of Priority Technology from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th.

About Priority Technology

Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.