Planet Payment (PLPM) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Planet Payment (NASDAQ:PLPM) posted its quarterly earnings results on Monday. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.03, American Banking and Market News reports. The company had revenue of $11.90 million for the quarter, compared to the consensus estimate of $11.00 million.
Shares of Planet Payment (NASDAQ:PLPM) traded up 2.34% during mid-day trading on Monday, hitting $2.19. The stock had a trading volume of 216,765 shares. Planet Payment has a 1-year low of $1.97 and a 1-year high of $4.03. The stock has a 50-day moving average of $2.56 and a 200-day moving average of $2.82. The company’s market cap is $117.0 million.
A number of research firms have recently commented on PLPM. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Planet Payment in a research note on Monday, June 23rd. On the ratings front, analysts at TheStreet upgraded shares of Planet Payment from a “sell” rating to a “hold” rating in a research note on Wednesday, June 18th. Finally, analysts at TheStreet downgraded shares of Planet Payment from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th.
Planet Group, Inc, also known as Planet Payment, is a United States-based company that provides currency conversion and multi-currency processing services.
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