Stock analysts expect Payoneer Global Inc. (NASDAQ:PAYO – Get Rating) to post sales of $117.30 million in the current quarter, reports Zacks Investment Research. Two analysts have made estimates of Payoneer Global’s earnings, with estimates ranging from $116.80 million to $117.80 million. Payoneer Global reported sales of $100.61 million in the same quarter last year, suggesting a positive year-over-year growth rate of 16.6%. The company is expected to announce its next earnings report after the market closes on Monday, January 1.
According to Zacks, analysts expect Payoneer Global to report revenue of $535.62 million for the current fiscal year, with estimates ranging from $534.93 to $536.30 million. For next year, analysts expect the company to post sales of $654.40 million. Zacks Investment Research sales averages are an average average based on a survey of analysts who cover Payoneer Global.
Payoneer Global (NASDAQ:PAYO – Get Rating) last released quarterly earnings data on Thursday, March 3. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The company posted revenue of $139.22 million in the quarter, compared to $126.29 million expected by analysts. Payoneer Global had a negative net margin of 7.18% and a negative return on equity of 17.36%. The company’s revenue increased 47.0% year over year. During the same period last year, the company made ($0.29) earnings per share.
PAYO has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Payoneer Global from a “held” rating to a “strong sell” rating in a Wednesday, March 9 report. Citigroup lowered its price target on Payoneer Global shares from $12.50 to $11.00 and set a “buy” rating on the stock in a Wednesday, Jan. 26, report. Finally, Needham & Company LLC lowered its price target on Payoneer Global shares from $13.00 to $7.00 and placed a “buy” rating on the stock in a Friday, March 4 report. One financial analyst assigned the stock a sell rating, one assigned a hold rating and five assigned the company’s stock a buy rating. According to MarketBeat.com, Payoneer Global currently has a consensus rating of “Buy” and a consensus price target of $10.75.
PAYO stock opened at $4.18 on Friday. The company’s fifty-day simple moving average is $4.46 and its 200-day simple moving average is $6.00. The company has a market capitalization of $1.43 billion, a P/E ratio of -4.18 and a beta of 0.81. The company has a debt ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10. Payoneer Global has a 12-month low of $3.85 and a 12-month high of $11.20.
Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Payoneer Global by 3,831.6% during the third quarter. Geode Capital Management LLC now owns 1,790,397 shares of the company valued at $15,307,000 after purchasing an additional 1,744,858 shares last quarter. New Jersey State Joint Pension Fund D bought a new position in Payoneer Global during the fourth quarter worth $2,400,000. Tuttle Capital Management LLC bought a new position in Payoneer Global during the fourth quarter worth $158,000. Van ECK Associates Corp bought a new position in Payoneer Global during the fourth quarter worth $463,000. Finally, GSA Capital Partners LLP bought a new position in Payoneer Global during the third quarter at a value of $234,000. 56.98% of the shares are currently held by institutional investors and hedge funds.
About Payoneer Global (Get an assessment)
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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