Paysafe (PSFE) to Release Quarterly Earnings on Wednesday

Paysafe (NYSE:PSFE) will be announcing its earnings results before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Paysafe (NYSE:PSFE) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). Paysafe had a negative net margin of 0.78% and a positive return on equity of 14.42%. The firm had revenue of $439.92 million during the quarter, compared to the consensus estimate of $428.40 million. On average, analysts expect Paysafe to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Paysafe Trading Up 5.2 %

Shares of PSFE opened at $25.72 on Tuesday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.15 and a current ratio of 1.15. Paysafe has a 52-week low of $10.05 and a 52-week high of $26.15. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -122.47, a PEG ratio of 0.61 and a beta of 1.91. The business’s fifty day moving average is $22.16 and its 200-day moving average is $19.91.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, August 14th. Bank of America lifted their price target on Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, August 27th. Royal Bank of Canada upped their price objective on Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. Finally, Susquehanna reiterated a “neutral” rating and set a $23.00 target price on shares of Paysafe in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.00.

Paysafe Company Profile

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.