Stock analysts expect Payoneer Global Inc. (NASDAQ: PAYO – Get a rating) to report earnings per share (EPS) of ($0.06) for the current quarter, according to Zacks Investment Research. Two analysts made earnings estimates for Payoneer Global. Payoneer Global reported earnings per share of ($0.77) in the same quarter last year, indicating a positive year-over-year growth rate of 92.2%. The company is expected to release its next results on Monday, January 1.
According to Zacks, analysts expect Payoneer Global to report annual earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.11. For the next fiscal year, analysts expect the company to post earnings of ($0.16) per share. Zacks Investment Research EPS averages are an average average based on a survey of sell-side research analysts who provide coverage for Payoneer Global.
Global Payoneer (NASDAQ: PAYO – Get a rating) last released its quarterly earnings data on Thursday, May 12. The company reported EPS of $0.06 for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company posted revenue of $136.96 million for the quarter, versus a consensus estimate of $121.19 million. Payoneer Global had a negative return on equity of 14.21% and a negative net margin of 2.01%. Payoneer Global’s revenue for the quarter increased 36.1% year over year. In the same quarter of the previous year, the company had earned earnings per share of ($0.31).
Several research companies have published reports on PAYO. Citigroup raised its target price on Payoneer Global from $6.50 to $7.50 in a Friday, May 13 research report. Needham & Company LLC lowered its price target on Payoneer Global from $13.00 to $7.00 and set a “buy” rating on the stock in a Friday, March 4 research report. Northland Securities lowered its target price on Payoneer Global from $14.00 to $9.00 in a Friday, May 13 research report. To finish, Zacks Investment Research upgraded Payoneer Global from a “Strong Sell” rating to a “Hold” rating in a Thursday, May 5 research report. Two equity research analysts gave the stock a hold rating and five gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $10.00.
Shares of NASDAQ: PAYO traded down $0.17 during Thursday’s trading, hitting $4.80. 4,879,956 shares of the company were traded, against an average volume of 3,149,910. The company has a market capitalization of $1.64 billion, a PE ratio of -7.62 and a beta of 0.64. The stock has a 50-day moving average of $4.42 and a 200-day moving average of $5.64. Payoneer Global has a 52-week minimum of $3.33 and a 52-week maximum of $11.20. The company has a debt ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10.
Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in Payoneer Global by 3,831.6% in the third quarter. Geode Capital Management LLC now owns 1,790,397 shares of the company valued at $15,307,000 after acquiring an additional 1,744,858 shares in the last quarter. CIBC Asset Management Inc bought a new position in Payoneer Global in the fourth quarter worth $97,000. New Jersey State Joint Pension Fund D bought a new position in Payoneer Global in the fourth quarter worth $2,400,000. Tuttle Capital Management LLC bought a new position in Payoneer Global in the fourth quarter worth $158,000. Finally, Van ECK Associates Corp bought a new position in Payoneer Global in the fourth quarter worth $463,000. 66.30% of the shares are currently held by institutional investors and hedge funds.
About Payoneer Global (Get a rating)
Payoneer Global Inc operates a payment and commerce platform that facilitates online marketplaces, platforms and merchants worldwide. It offers a suite of services that includes cross-border payments, B2B accounts payable/receivable, multi-currency accounts, physical and virtual Mastercard, working capital, merchant, tax, compliance and risk, and more.
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