EVO Payments (EVOP) Updates FY 2018 Earnings Guidance

EVO Payments (NASDAQ:EVOP) updated its FY 2018 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.47-0.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.50. The company issued revenue guidance of $561-567 million, compared to the consensus revenue estimate of $562.39 million.

A number of brokerages have recently issued reports on EVOP. SunTrust Banks boosted their price objective on EVO Payments to $32.00 and gave the stock a buy rating in a report on Thursday. Buckingham Research began coverage on EVO Payments in a report on Wednesday, August 29th. They set a neutral rating and a $24.00 price objective for the company. Finally, Citigroup reduced their price objective on EVO Payments from $23.00 to $22.00 and set a neutral rating for the company in a report on Thursday, August 9th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. EVO Payments has an average rating of Hold and an average target price of $24.38.

Shares of NASDAQ:EVOP traded up $0.28 during trading on Thursday, reaching $27.55. 833,953 shares of the stock were exchanged, compared to its average volume of 391,542. EVO Payments has a 12 month low of $19.00 and a 12 month high of $30.45.

EVO Payments (NASDAQ:EVOP) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The firm had revenue of $144.76 million during the quarter, compared to the consensus estimate of $142.24 million. As a group, sell-side analysts predict that EVO Payments will post 0.5 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://sportsperspectives.com/2018/11/08/evo-payments-evop-updates-fy-2018-earnings-guidance.html.

EVO Payments Company Profile

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.

Further Reading: The risks of owning bonds

Earnings History and Estimates for EVO Payments (NASDAQ:EVOP)

Receive News & Ratings for EVO Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVO Payments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply