Equities research analysts expect that Planet Payment, Inc. (NASDAQ:PLPM) will report $13.40 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Planet Payment’s earnings. The lowest sales estimate is $13.08 million and the highest is $13.60 million. Planet Payment reported sales of $13.10 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.3%. The business is scheduled to issue its next earnings results on Wednesday, August 2nd.

On average, analysts expect that Planet Payment will report full-year sales of $13.40 million for the current fiscal year, with estimates ranging from $60.08 million to $60.10 million. For the next financial year, analysts anticipate that the firm will report sales of $66.65 million per share, with estimates ranging from $65.71 million to $67.14 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Planet Payment.

Planet Payment (NASDAQ:PLPM) last posted its quarterly earnings data on Tuesday, May 9th. The credit services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.01. Planet Payment had a net margin of 46.33% and a return on equity of 28.86%. The business had revenue of $12.73 million during the quarter, compared to analyst estimates of $13.76 million. During the same quarter last year, the business earned $0.03 earnings per share. Planet Payment’s revenue for the quarter was down 6.9% on a year-over-year basis.

Separately, Zacks Investment Research cut Planet Payment from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th.

Planet Payment (NASDAQ:PLPM) traded up 3.83% during mid-day trading on Friday, hitting $3.52. 254,495 shares of the stock were exchanged. Planet Payment has a 1-year low of $2.75 and a 1-year high of $4.97. The stock has a 50 day moving average price of $3.52 and a 200 day moving average price of $3.97. The company has a market capitalization of $172.19 million, a PE ratio of 7.98 and a beta of 0.66.

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A number of large investors have recently added to or reduced their stakes in PLPM. S Squared Technology LLC bought a new stake in Planet Payment during the first quarter worth approximately $4,061,000. Russell Investments Group Ltd. bought a new stake in Planet Payment during the fourth quarter worth approximately $1,398,000. Isthmus Partners LLC bought a new stake in Planet Payment during the first quarter worth approximately $886,000. Ativo Capital Management LLC bought a new stake in Planet Payment during the first quarter worth approximately $796,000. Finally, Geneva Advisors LLC bought a new stake in Planet Payment during the first quarter worth approximately $559,000. 53.80% of the stock is owned by institutional investors and hedge funds.

Planet Payment Company Profile

Planet Payment, Inc is a provider of international payment and transaction processing and multi-currency processing services. The Company operates through two segments: multi-currency processing services and payment processing services. Its multi-currency processing services segment includes Pay In Your Currency, Multi-Currency Pricing and Dynamic Currency Conversion at automated teller machines, enable merchants to offer customized pricing in multiple currencies.

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Earnings History and Estimates for Planet Payment (NASDAQ:PLPM)

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