Wall Street brokerages forecast that EVO Payments Inc (NASDAQ:EVOP) will announce $155.54 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for EVO Payments’ earnings, with the lowest sales estimate coming in at $154.30 million and the highest estimate coming in at $156.90 million. EVO Payments posted sales of $144.76 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.4%. The business is scheduled to announce its next earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that EVO Payments will report full year sales of $603.14 million for the current fiscal year, with estimates ranging from $600.96 million to $604.89 million. For the next financial year, analysts anticipate that the company will post sales of $656.13 million, with estimates ranging from $649.08 million to $661.90 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for EVO Payments.

EVO Payments (NASDAQ:EVOP) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $122.52 million for the quarter, compared to the consensus estimate of $141.10 million. EVO Payments had a negative net margin of 6.85% and a negative return on equity of 4.80%. EVO Payments’s revenue was down 13.0% on a year-over-year basis.

A number of research firms have issued reports on EVOP. Cantor Fitzgerald assumed coverage on shares of EVO Payments in a report on Wednesday, May 29th. They set a “neutral” rating and a $30.05 price objective on the stock. ValuEngine cut EVO Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Zacks Investment Research cut EVO Payments from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 12th. Northcoast Research began coverage on shares of EVO Payments in a research report on Friday, May 24th. They issued a “neutral” rating on the stock. Finally, BTIG Research restated a “hold” rating on shares of EVO Payments in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $28.76.

In other news, EVP Groot Steven J. De sold 48,899 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $29.87, for a total transaction of $1,460,613.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Groot Steven J. De sold 10,100 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $30.08, for a total value of $303,808.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,999 shares of company stock valued at $2,358,053. Insiders own 61.16% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in shares of EVO Payments by 22.3% during the second quarter. US Bancorp DE now owns 2,321 shares of the company’s stock valued at $73,000 after purchasing an additional 423 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in EVO Payments in the second quarter worth $75,000. Bank of Montreal Can purchased a new stake in EVO Payments in the second quarter worth $82,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in EVO Payments in the first quarter worth $91,000. Finally, Legal & General Group Plc lifted its stake in EVO Payments by 51.4% in the fourth quarter. Legal & General Group Plc now owns 3,728 shares of the company’s stock worth $92,000 after acquiring an additional 1,265 shares during the period. 37.87% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:EVOP traded up $0.10 during mid-day trading on Thursday, hitting $28.01. The company had a trading volume of 664,900 shares, compared to its average volume of 444,684. The company has a market capitalization of $2.29 billion, a PE ratio of -18.93, a price-to-earnings-growth ratio of 4.27 and a beta of 0.61. The firm has a fifty day moving average price of $29.91 and a 200 day moving average price of $28.54. EVO Payments has a one year low of $20.40 and a one year high of $31.93.

About EVO Payments

EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 550,000 merchants. The company processes approximately 950 million transactions in North America and approximately 2.1 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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