EVO Payments (NASDAQ:EVOP) Issues FY19 Earnings Guidance

EVO Payments (NASDAQ:EVOP) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $0.55-0.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.57. The company issued revenue guidance of $496-505 million, compared to the consensus revenue estimate of $575.23 million.EVO Payments also updated its FY 2019 guidance to $0.55-0.58 EPS.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of EVO Payments from a hold rating to a buy rating and set a $33.00 target price on the stock in a report on Tuesday, July 2nd. ValuEngine cut shares of EVO Payments from a buy rating to a hold rating in a report on Tuesday. BTIG Research restated a hold rating on shares of EVO Payments in a report on Thursday. Northcoast Research assumed coverage on shares of EVO Payments in a report on Friday, May 24th. They issued a neutral rating on the stock. Finally, Cantor Fitzgerald assumed coverage on shares of EVO Payments in a report on Wednesday, May 29th. They issued a neutral rating and a $30.05 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $28.76.

EVOP stock traded down $0.84 on Friday, hitting $29.33. The company had a trading volume of 563,925 shares, compared to its average volume of 272,385. EVO Payments has a 12-month low of $19.74 and a 12-month high of $31.93. The company has a 50-day moving average of $30.22. The company has a market capitalization of $2.46 billion, a PE ratio of -19.82, a price-to-earnings-growth ratio of 4.02 and a beta of 0.61.

EVO Payments (NASDAQ:EVOP) last issued its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. EVO Payments had a negative net margin of 6.85% and a negative return on equity of 5.05%. The company had revenue of $122.52 million for the quarter, compared to analysts’ expectations of $141.10 million. The company’s quarterly revenue was down 13.0% compared to the same quarter last year. Sell-side analysts forecast that EVO Payments will post 0.55 EPS for the current year.

In other news, EVP Groot Steven J. De sold 2,000 shares of EVO Payments stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $29.00, for a total transaction of $58,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Groot Steven J. De sold 48,899 shares of EVO Payments stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $29.87, for a total transaction of $1,460,613.13. The disclosure for this sale can be found here. Insiders have sold a total of 78,999 shares of company stock worth $2,358,053 in the last quarter. Corporate insiders own 61.16% of the company’s stock.

EVO Payments Company Profile

EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 550,000 merchants. The company processes approximately 950 million transactions in North America and approximately 2.1 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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Earnings History and Estimates for EVO Payments (NASDAQ:EVOP)

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