$150.81 Million in Sales Expected for EVO Payments Inc (EVOP) This Quarter

Equities research analysts predict that EVO Payments Inc (NASDAQ:EVOP) will report sales of $150.81 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for EVO Payments’ earnings. The highest sales estimate is $151.80 million and the lowest is $149.80 million. The firm is scheduled to announce its next earnings report on Wednesday, February 6th.

According to Zacks, analysts expect that EVO Payments will report full-year sales of $564.72 million for the current year, with estimates ranging from $563.70 million to $565.73 million. For the next year, analysts anticipate that the business will report sales of $616.40 million, with estimates ranging from $610.50 million to $624.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow EVO Payments.

EVO Payments (NASDAQ:EVOP) last released its earnings results on Wednesday, November 7th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The business had revenue of $144.76 million during the quarter, compared to analysts’ expectations of $142.24 million.

A number of equities research analysts have recently issued reports on the company. SunTrust Banks upped their price objective on EVO Payments to $32.00 and gave the stock a “buy” rating in a research note on Thursday, November 8th. Barclays assumed coverage on EVO Payments in a research note on Wednesday, November 14th. They set an “equal weight” rating and a $29.00 price objective on the stock. Buckingham Research assumed coverage on EVO Payments in a research note on Wednesday, August 29th. They set a “neutral” rating and a $24.00 price objective on the stock. Finally, BTIG Research assumed coverage on EVO Payments in a research note on Tuesday, November 27th. They set a “buy” rating and a $31.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.50.

NASDAQ EVOP opened at $24.89 on Wednesday. EVO Payments has a 52 week low of $19.00 and a 52 week high of $30.45.

In other news, EVP Groot Steven J. De sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $25.12, for a total transaction of $1,507,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional investors have recently made changes to their positions in the company. Brown Advisory Inc. increased its holdings in shares of EVO Payments by 18.7% during the 3rd quarter. Brown Advisory Inc. now owns 2,287,351 shares of the company’s stock worth $54,668,000 after acquiring an additional 360,632 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of EVO Payments by 78.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,620,579 shares of the company’s stock worth $38,731,000 after acquiring an additional 711,204 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of EVO Payments during the 2nd quarter worth approximately $32,431,000. Jennison Associates LLC acquired a new position in shares of EVO Payments during the 2nd quarter worth approximately $30,571,000. Finally, Eagle Asset Management Inc. increased its holdings in shares of EVO Payments by 309.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,322,609 shares of the company’s stock worth $31,610,000 after acquiring an additional 999,656 shares during the last quarter. Institutional investors own 32.82% of the company’s stock.

About EVO Payments

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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