EVO Payments Inc (NASDAQ:EVOP) Expected to Announce Earnings of $0.19 Per Share

Equities research analysts expect EVO Payments Inc (NASDAQ:EVOP) to announce earnings per share of $0.19 for the current quarter, according to Zacks. Four analysts have made estimates for EVO Payments’ earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.18. EVO Payments reported earnings per share of $0.18 during the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, February 27th.

On average, analysts expect that EVO Payments will report full-year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.60 to $0.63. For the next year, analysts expect that the firm will post earnings of $0.71 per share, with EPS estimates ranging from $0.68 to $0.79. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for EVO Payments.

Several brokerages recently weighed in on EVOP. Zacks Investment Research upgraded EVO Payments from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Compass Point began coverage on EVO Payments in a report on Thursday, December 5th. They set a “neutral” rating and a $28.00 target price for the company. Wells Fargo & Co began coverage on EVO Payments in a report on Monday, October 21st. They set an “outperform” rating and a $32.00 target price for the company. Finally, BTIG Research upgraded EVO Payments from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a report on Sunday, January 5th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.41.

EVOP stock traded down $0.12 during trading on Tuesday, hitting $28.86. 876,522 shares of the company traded hands. EVO Payments has a 1 year low of $23.96 and a 1 year high of $31.93. The company has a 50-day moving average of $27.89 and a 200-day moving average of $28.19.

In other EVO Payments news, insider Darren Wilson sold 4,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $27.53, for a total value of $110,120.00. Following the completion of the sale, the insider now owns 91,976 shares in the company, valued at approximately $2,532,099.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Groot Steven J. De sold 2,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $28.00, for a total value of $56,000.00. Following the completion of the sale, the executive vice president now owns 145,942 shares of the company’s stock, valued at approximately $4,086,376. The disclosure for this sale can be found here. Insiders have sold a total of 18,000 shares of company stock valued at $496,480 over the last 90 days. 61.16% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in shares of EVO Payments by 14.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,117,681 shares of the company’s stock valued at $58,681,000 after purchasing an additional 262,966 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of EVO Payments by 5.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,719,003 shares of the company’s stock valued at $48,338,000 after purchasing an additional 91,883 shares during the period. Voya Investment Management LLC lifted its stake in shares of EVO Payments by 56.9% in the 3rd quarter. Voya Investment Management LLC now owns 1,299,256 shares of the company’s stock valued at $36,535,000 after purchasing an additional 471,120 shares during the period. Carillon Tower Advisers Inc. lifted its stake in shares of EVO Payments by 8.8% in the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,124,737 shares of the company’s stock valued at $31,628,000 after purchasing an additional 90,675 shares during the period. Finally, State Street Corp lifted its stake in shares of EVO Payments by 9.0% in the 4th quarter. State Street Corp now owns 750,651 shares of the company’s stock valued at $19,825,000 after purchasing an additional 62,277 shares during the period. Institutional investors and hedge funds own 48.28% of the company’s stock.

About EVO Payments

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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