Global Payoneer (NASDAQ: PAYO – Get a rating) will release its earnings data after the market closes on Thursday, May 12. Analysts expect Payoneer Global to post earnings of ($0.05) per share for the quarter. Payoneer Global has set its guidance for fiscal year 2022 at EPS. Individuals wishing to register for the company’s earnings conference call can do so using this link.
Global Payoneer (NASDAQ: PAYO – Get a rating) last released its quarterly results on Thursday, March 3. The company reported ($0.06) earnings per share for the quarter, missing the Zacks consensus estimate of ($0.02) by ($0.04). The company posted revenue of $139.22 million for the quarter, versus a consensus estimate of $126.29 million. Payoneer Global had a negative return on equity of 17.36% and a negative net margin of 7.18%. The company’s quarterly revenue increased 47.0% year over year. During the same period last year, the company made ($0.29) earnings per share. On average, analysts expect Payoneer Global to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
PAYMENT opened at $4.65 on Thursday. The company has a debt ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $1.59 billion, a price-earnings ratio of -4.65 and a beta of 0.64. The company has a 50-day simple moving average of $4.46 and a 200-day simple moving average of $5.90. Payoneer Global has a fifty-two week minimum of $3.85 and a fifty-two week maximum of $11.20.
A number of research companies have weighed in on PAYO recently. Needham & Company LLC lowered its price target on Payoneer Global shares from $13.00 to $7.00 and set a “buy” rating for the company in a Friday, March 4 research note. Zacks Investment Research downgraded shares of Payoneer Global from a “held” rating to a “strong sell” rating in a Wednesday, March 9 research rating. Finally, Citigroup lowered its price target on Payoneer Global shares from $12.50 to $11.00 and set a “buy” rating for the company in a Wednesday, January 26 report. One equity research analyst has assigned the stock a sell rating, another has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $10.75.
Hedge funds and other institutional investors have recently changed their stock holdings. Royal Bank of Canada acquired a new position in shares of Payoneer Global in the second quarter valued at approximately $41,000. Deutsche Bank AG acquired a new position in shares of Payoneer Global in the fourth quarter worth approximately $87,000. Advisors Asset Management Inc. acquired a new position in shares of Payoneer Global in the fourth quarter worth approximately $98,000. Parametric Portfolio Associates LLC acquired a new position in shares of Payoneer Global in the fourth quarter worth approximately $101,000. Finally, Two Sigma Investments LP acquired a new position in shares of Payoneer Global in the third quarter worth approximately $151,000. Hedge funds and other institutional investors own 66.30% of the company’s shares.
Payoneer Global Company Profile (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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