Payment Data Systems, Inc. (PYDS) Expected to Announce Quarterly Sales of $7.03 Million

Analysts expect Payment Data Systems, Inc. (NASDAQ:PYDS) to post sales of $7.03 million for the current quarter, according to Zacks. Two analysts have made estimates for Payment Data Systems’ earnings, with the lowest sales estimate coming in at $6.90 million and the highest estimate coming in at $7.16 million. Payment Data Systems reported sales of $6.28 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.9%. The company is scheduled to announce its next earnings results on Tuesday, August 13th.

On average, analysts expect that Payment Data Systems will report full-year sales of $29.13 million for the current year, with estimates ranging from $28.20 million to $30.06 million. For the next year, analysts forecast that the company will report sales of $36.07 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Payment Data Systems.

Payment Data Systems (NASDAQ:PYDS) last released its quarterly earnings data on Wednesday, May 15th. The business services provider reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02). The business had revenue of $6.59 million during the quarter, compared to analyst estimates of $6.63 million. Payment Data Systems had a negative net margin of 14.73% and a negative return on equity of 36.84%.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Payment Data Systems from a “hold” rating to a “sell” rating in a report on Thursday. Dawson James reiterated a “buy” rating on shares of Payment Data Systems in a report on Monday, April 8th. Maxim Group reiterated a “buy” rating and issued a $4.50 price objective on shares of Payment Data Systems in a report on Friday, May 17th. Barrington Research set a $5.00 price objective on shares of Payment Data Systems and gave the company a “buy” rating in a report on Tuesday, May 14th. Finally, ValuEngine upgraded shares of Payment Data Systems from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Payment Data Systems has a consensus rating of “Buy” and a consensus price target of $4.08.

In other news, Director Steve Huffman sold 17,186 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $2.75, for a total value of $47,261.50. Following the completion of the sale, the director now owns 49,481 shares of the company’s stock, valued at approximately $136,072.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 46.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC grew its position in Payment Data Systems by 36.6% during the fourth quarter. Essex Investment Management Co. LLC now owns 165,774 shares of the business services provider’s stock worth $275,000 after buying an additional 44,429 shares during the period. Mesirow Financial Investment Management Inc. acquired a new position in Payment Data Systems during the first quarter worth about $253,000. Renaissance Technologies LLC acquired a new position in Payment Data Systems during the first quarter worth about $119,000. Finally, Sabby Management LLC acquired a new position in Payment Data Systems during the first quarter worth about $193,000. 4.15% of the stock is owned by institutional investors and hedge funds.

PYDS stock opened at $2.40 on Monday. The stock has a market capitalization of $39.72 million, a price-to-earnings ratio of -7.74 and a beta of 1.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 1.07. Payment Data Systems has a 12 month low of $1.38 and a 12 month high of $3.82.

Payment Data Systems Company Profile

Payment Data Systems, 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.

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Earnings History and Estimates for Payment Data Systems (NASDAQ:PYDS)

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