EVO Payments Inc (EVOP) Expected to Post Earnings of $0.18 Per Share
Equities research analysts forecast that EVO Payments Inc (NASDAQ:EVOP) will post $0.18 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for EVO Payments’ earnings. The highest EPS estimate is $0.20 and the lowest is $0.16. The business is expected to report its next quarterly earnings results on Wednesday, February 6th.
According to Zacks, analysts expect that EVO Payments will report full-year earnings of $0.52 per share for the current year, with EPS estimates ranging from $0.51 to $0.53. For the next year, analysts expect that the company will post earnings of $0.74 per share, with EPS estimates ranging from $0.66 to $0.78. Zacks’ EPS averages are an average based on a survey of research firms that cover EVO Payments.
EVO Payments (NASDAQ:EVOP) last issued its earnings results on Wednesday, November 7th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The business had revenue of $144.76 million during the quarter, compared to analyst estimates of $142.24 million.
Shares of EVOP stock opened at $24.89 on Monday. EVO Payments has a fifty-two week low of $19.00 and a fifty-two week high of $30.45.
In other EVO Payments news, EVP Groot Steven J. De sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $25.12, for a total value of $1,507,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of institutional investors have recently made changes to their positions in EVOP. Strs Ohio acquired a new stake in EVO Payments in the third quarter valued at approximately $112,000. Frontier Capital Management Co. LLC purchased a new position in shares of EVO Payments during the second quarter valued at approximately $150,000. California Public Employees Retirement System purchased a new position in shares of EVO Payments during the second quarter valued at approximately $206,000. Chicago Capital LLC purchased a new position in shares of EVO Payments during the third quarter valued at approximately $239,000. Finally, American International Group Inc. purchased a new position in shares of EVO Payments during the third quarter valued at approximately $258,000. 32.82% of the stock is owned by hedge funds and other institutional investors.
About EVO Payments
EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 525,000 merchants. The company processes approximately 900 million transactions in North America and approximately 1.7 billion transactions in Europe. Its payment and commerce solutions consist of gateway solutions, online fraud prevention and management reporting, online hosted payments page capabilities, security tokenization, and encryption solutions at the point-of-sale and online; dynamic currency conversion; loyalty offers; and other ancillary solutions.
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