Payment Data Systems, Inc. (NASDAQ:PYDS) Expected to Announce Earnings of -$0.07 Per Share

Analysts expect Payment Data Systems, Inc. (NASDAQ:PYDS) to post earnings per share of ($0.07) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Payment Data Systems’ earnings, with the highest EPS estimate coming in at ($0.06) and the lowest estimate coming in at ($0.08). Payment Data Systems posted earnings of ($0.09) per share during the same quarter last year, which would indicate a positive year over year growth rate of 22.2%. The firm is scheduled to announce its next earnings report on Tuesday, August 13th.

According to Zacks, analysts expect that Payment Data Systems will report full-year earnings of ($0.28) per share for the current financial year, with EPS estimates ranging from ($0.32) to ($0.24). For the next financial year, analysts expect that the business will report earnings of ($0.30) per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Payment Data Systems.

Payment Data Systems (NASDAQ:PYDS) last posted its earnings results on Wednesday, May 15th. The business services provider reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.02). The firm 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 research firms recently commented on PYDS. Zacks Investment Research lowered Payment Data Systems from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Dawson James reaffirmed a “buy” rating on shares of Payment Data Systems in a research note on Monday, April 8th. ValuEngine raised Payment Data Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Barrington Research set a $5.00 price objective on Payment Data Systems and gave the company a “buy” rating in a research note on Tuesday, May 14th. Finally, Maxim Group reaffirmed a “buy” rating and set a $4.50 price objective on shares of Payment Data Systems in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Payment Data Systems presently has an average rating of “Buy” and a consensus price target of $4.08.

Payment Data Systems stock opened at $3.19 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $55.09 million, a price-to-earnings ratio of -10.29 and a beta of 1.52. Payment Data Systems has a fifty-two week low of $1.38 and a fifty-two week high of $3.82.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Essex Investment Management Co. LLC raised its holdings in Payment Data Systems by 36.6% in the 4th quarter. Essex Investment Management Co. LLC now owns 165,774 shares of the business services provider’s stock valued at $275,000 after buying an additional 44,429 shares during the period. Mesirow Financial Investment Management Inc. purchased a new stake in Payment Data Systems in the 1st quarter valued at about $253,000. Renaissance Technologies LLC purchased a new stake in Payment Data Systems in the 1st quarter valued at about $119,000. Finally, Sabby Management LLC purchased a new stake in Payment Data Systems in the 1st quarter valued at about $193,000. 4.83% of the stock is currently owned by institutional investors and hedge funds.

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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