$146.02 Million in Sales Expected for EVO Payments Inc (EVOP) This Quarter

Brokerages expect EVO Payments Inc (NASDAQ:EVOP) to post sales of $146.02 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for EVO Payments’ earnings. The lowest sales estimate is $142.85 million and the highest is $149.50 million. The firm is scheduled to announce its next earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that EVO Payments will report full-year sales of $561.63 million for the current year. For the next year, analysts expect that the company will post sales of $610.67 million per share, with estimates ranging from $602.87 million to $618.60 million. Zacks’ sales calculations are an average based on a survey of research firms that cover EVO Payments.

EVO Payments (NASDAQ:EVOP) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $140.89 million for the quarter, compared to the consensus estimate of $138.64 million.

EVOP has been the topic of a number of recent analyst reports. Citigroup began coverage on shares of EVO Payments in a research note on Monday, June 18th. They set a “neutral” rating and a $23.00 price objective on the stock. JPMorgan Chase & Co. began coverage on shares of EVO Payments in a research report on Monday, June 18th. They issued an “overweight” rating and a $27.00 price target on the stock. SunTrust Banks began coverage on shares of EVO Payments in a research report on Monday, June 18th. They issued a “buy” rating and a $27.00 price target on the stock. Bank of America began coverage on shares of EVO Payments in a research report on Monday, June 18th. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Goldman Sachs Group began coverage on shares of EVO Payments in a research report on Monday, June 18th. They issued a “neutral” rating and a $19.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.71.

Shares of EVO Payments opened at $20.59 on Friday, according to Marketbeat.com. EVO Payments has a fifty-two week low of $19.00 and a fifty-two week high of $24.63. The company has a debt-to-equity ratio of -4.29, a current ratio of 1.02 and a quick ratio of 1.01.

In other EVO Payments news, Director Gregory S. Pope purchased 50,000 shares of the company’s stock in a transaction on Tuesday, May 22nd. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $800,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional investors have recently modified their holdings of the business. Dean Capital Investments Management LLC bought a new stake in EVO Payments in the second quarter worth about $649,000. Emerald Mutual Fund Advisers Trust purchased a new position in EVO Payments in the 2nd quarter worth about $4,153,000. Massachusetts Financial Services Co. MA purchased a new position in EVO Payments in the 2nd quarter worth about $32,431,000. State of New Jersey Common Pension Fund D purchased a new position in EVO Payments in the 2nd quarter worth about $617,000. Finally, Chartwell Investment Partners LLC purchased a new position in EVO Payments in the 2nd quarter worth about $3,026,000. Hedge funds and other institutional investors own 2.35% of the company’s stock.

About EVO Payments

EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 525,000 merchants. The company processes approximately 900 million transactions in North America and approximately 1.7 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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