Paysafe (PSFE) to Release Earnings on Monday

Paysafe (NYSE:PSFE) is scheduled to post its quarterly earnings results after the market closes on Monday, May 13th. Analysts expect Paysafe to post earnings of $0.34 per share for the quarter. Paysafe has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Paysafe (NYSE:PSFE) last announced its earnings results on Thursday, March 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $414.50 million during the quarter, compared to analysts’ expectations of $414.52 million. Paysafe had a negative net margin of 1.26% and a positive return on equity of 15.85%. Paysafe’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. On average, analysts expect Paysafe to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Paysafe Stock Performance

Shares of Paysafe stock opened at $15.02 on Monday. The firm has a 50-day moving average of $14.65 and a 200-day moving average of $13.13. Paysafe has a 52-week low of $9.25 and a 52-week high of $17.18. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.11 and a quick ratio of 1.11.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. BTIG Research began coverage on shares of Paysafe in a research report on Wednesday, January 17th. They issued a “buy” rating and a $19.00 target price for the company. Bank of America upped their price objective on shares of Paysafe from $13.40 to $14.60 and gave the stock an “underperform” rating in a research report on Monday, April 15th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Paysafe currently has an average rating of “Hold” and an average price target of $20.83.

About Paysafe

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.