Payoneer Global (NASDAQ:PAYO) Releases Quarterly Earnings Results

Payoneer Global (NASDAQ:PAYO) released its quarterly earnings data on Thursday. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01), FiscalAI reports. The company had revenue of $276.94 million during the quarter, compared to analyst estimates of $271.95 million. Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. Payoneer Global’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share.

Payoneer Global Price Performance

PAYO traded down $0.02 during trading on Friday, hitting $7.15. The stock had a trading volume of 619,018 shares, compared to its average volume of 1,526,880. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 51.07, a P/E/G ratio of 1.83 and a beta of 0.97. The company has a 50 day moving average price of $7.14 and a 200-day moving average price of $6.17. Payoneer Global has a one year low of $4.08 and a one year high of $7.22.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.46.

Payoneer Global Company Profile

Payoneer Global Inc (NASDAQ: PAYO) operates a global financial technology platform that helps businesses, online marketplaces, freelancers and other professionals send, receive and manage payments across borders. Its services are designed to support companies that operate internationally, including small and medium-sized businesses and digital commerce participants.

The company provides multi-currency receiving accounts, cross-border payouts, supplier and contractor payments, currency conversion and other business payment tools.