Repay (RPAY) Set to Announce Quarterly Earnings on Thursday

Repay (NASDAQ:RPAY) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Repay to post earnings of $0.22 per share for the quarter. Repay has set its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Repay had a negative net margin of 37.25% and a positive return on equity of 7.49%. The company had revenue of $75.99 million for the quarter, compared to analyst estimates of $69.94 million. On average, analysts expect Repay to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Repay Trading Up 4.5 %

Shares of RPAY stock opened at $10.80 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.95 and a current ratio of 2.95. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -8.85 and a beta of 1.36. Repay has a 52-week low of $5.63 and a 52-week high of $11.22. The company has a 50-day simple moving average of $10.16 and a two-hundred day simple moving average of $8.48.

Wall Street Analysts Forecast Growth

RPAY has been the subject of several recent analyst reports. Benchmark assumed coverage on Repay in a report on Tuesday, February 13th. They issued a “buy” rating and a $10.00 target price for the company. Barclays upped their price objective on Repay from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. DA Davidson reiterated a “buy” rating and set a $16.00 target price on shares of Repay in a research note on Tuesday, April 30th. Keefe, Bruyette & Woods increased their price target on shares of Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a research report on Monday, March 4th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $13.00 price objective (up previously from $10.00) on shares of Repay in a research report on Monday, March 4th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.25.

Insiders Place Their Bets

In other news, CFO Timothy John Murphy sold 4,925 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $10.00, for a total value of $49,250.00. Following the sale, the chief financial officer now directly owns 652,011 shares of the company’s stock, valued at $6,520,110. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 116,019 shares of company stock worth $1,220,382 in the last quarter. 11.00% of the stock is owned by company insiders.

About Repay

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.