EVO Payments (NASDAQ:EVOP) Issues FY19 Earnings Guidance

EVO Payments (NASDAQ:EVOP) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $0.58-0.61 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.59. The company issued revenue guidance of $596-600 million, compared to the consensus revenue estimate of $571.48 million.

EVOP opened at $27.43 on Thursday. The stock has a market cap of $2.28 billion, a P/E ratio of -18.53, a P/E/G ratio of 4.28 and a beta of 0.62. The stock’s 50 day simple moving average is $28.25 and its 200 day simple moving average is $29.15. EVO Payments has a 1-year low of $21.81 and a 1-year high of $31.93.

EVO Payments (NASDAQ:EVOP) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $122.52 million for the quarter, compared to analysts’ expectations of $141.10 million. EVO Payments had a negative return on equity of 4.80% and a negative net margin of 6.85%. The company’s quarterly revenue was down 13.0% on a year-over-year basis. As a group, equities analysts expect that EVO Payments will post 0.55 earnings per share for the current fiscal year.

EVOP has been the topic of a number of research reports. Zacks Investment Research cut EVO Payments from a buy rating to a hold rating in a report on Thursday, October 17th. ValuEngine cut EVO Payments from a buy rating to a hold rating in a report on Tuesday, August 6th. BTIG Research restated a hold rating on shares of EVO Payments in a report on Thursday, August 8th. Finally, Wells Fargo & Co initiated coverage on EVO Payments in a report on Monday, October 21st. They issued an outperform rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. EVO Payments presently has an average rating of Hold and a consensus target price of $29.51.

In related news, EVP Michael L. Reidenbach sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $27.58, for a total value of $55,160.00. Also, insider Darren Wilson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $27.58, for a total value of $110,320.00. In the last ninety days, insiders sold 38,000 shares of company stock worth $1,081,900. 61.16% of the stock is owned by corporate insiders.

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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