EVO Payments Inc (EVOP) Expected to Post Q1 2019 Earnings of $0.01 Per Share

EVO Payments Inc (NASDAQ:EVOP) – Research analysts at SunTrust Banks reduced their Q1 2019 earnings per share estimates for shares of EVO Payments in a report released on Tuesday, April 16th. SunTrust Banks analyst A. Jeffrey now anticipates that the company will post earnings per share of $0.01 for the quarter, down from their prior forecast of $0.05. SunTrust Banks also issued estimates for EVO Payments’ Q2 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.23 EPS and FY2020 earnings at $0.75 EPS.

EVO Payments (NASDAQ:EVOP) last issued its earnings results on Wednesday, March 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05). The business had revenue of $150.82 million during the quarter, compared to analyst estimates of $150.70 million.

Several other analysts also recently commented on the company. ValuEngine downgraded EVO Payments from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Zacks Investment Research downgraded EVO Payments from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Bank of America downgraded EVO Payments from a “neutral” rating to an “underperform” rating and cut their target price for the company from $28.00 to $23.00 in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Finally, First Analysis initiated coverage on EVO Payments in a research note on Thursday, January 31st. They set an “outperform” rating and a $28.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.55.

Shares of EVOP opened at $28.03 on Wednesday. EVO Payments has a 12 month low of $19.00 and a 12 month high of $30.45.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in EVO Payments by 732.8% in the 3rd quarter. BlackRock Inc. now owns 978,567 shares of the company’s stock worth $23,389,000 after purchasing an additional 861,067 shares during the period. FMR LLC raised its holdings in EVO Payments by 2,447.2% in the 3rd quarter. FMR LLC now owns 781,978 shares of the company’s stock worth $18,689,000 after purchasing an additional 751,278 shares during the period. Raymond James & Associates bought a new position in EVO Payments in the 4th quarter worth $503,000. Vanguard Group Inc raised its holdings in EVO Payments by 78.2% in the 3rd quarter. Vanguard Group Inc now owns 1,620,579 shares of the company’s stock worth $38,731,000 after purchasing an additional 711,204 shares during the period. Finally, Citadel Advisors LLC bought a new position in EVO Payments in the 3rd quarter worth $1,150,000. Hedge funds and other institutional investors own 35.96% of the company’s stock.

In other news, EVP Groot Steven J. De sold 6,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $28.00, for a total value of $168,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Groot Steven J. De sold 2,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $29.05, for a total value of $58,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,000 shares of company stock worth $406,420.

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.

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

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