Usio (NASDAQ:USIO) Announces Earnings Results

Usio (NASDAQ:USIO) issued its earnings results on Wednesday. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03), Zacks reports. The firm had revenue of $21.18 million during the quarter, compared to analysts’ expectations of $22.19 million. Usio had a negative return on equity of 1.63% and a net margin of 3.43%.

Usio Stock Down 0.7%

Shares of USIO opened at $1.42 on Friday. The company has a market capitalization of $37.62 million, a price-to-earnings ratio of 14.20 and a beta of 1.36. Usio has a 52 week low of $1.24 and a 52 week high of $2.92. The stock’s 50-day moving average price is $1.45 and its 200-day moving average price is $1.51. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of Usio by 34.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock valued at $87,000 after purchasing an additional 15,334 shares in the last quarter. Osaic Holdings Inc. increased its stake in Usio by 246.1% during the 2nd quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock worth $43,000 after buying an additional 20,161 shares in the last quarter. Finally, Scoggin Management LP acquired a new position in shares of Usio during the third quarter valued at approximately $114,000. Institutional investors and hedge funds own 20.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Usio from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $4.00.

Usio Company Profile

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check and Check Conversion for electronic payment facilitation.