Wall Street analysts expect Planet Payment, Inc. (NASDAQ:PLPM) to post earnings of $0.05 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Planet Payment’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.06. Planet Payment posted earnings of $0.04 per share during the same quarter last year, which suggests a positive year over year growth rate of 25%. The firm is scheduled to announce its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Planet Payment will report full-year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.17. For the next fiscal year, analysts expect that the company will post earnings of $0.21 per share, with EPS estimates ranging from $0.17 to $0.26. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Planet Payment.

Planet Payment (NASDAQ:PLPM) last issued its earnings results on Wednesday, August 9th. The credit services provider reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. Planet Payment had a net margin of 48.14% and a return on equity of 25.86%. The business had revenue of $12.50 million for the quarter, compared to the consensus estimate of $13.56 million. Planet Payment’s quarterly revenue was down 4.6% compared to the same quarter last year.

Separately, Zacks Investment Research upgraded shares of Planet Payment from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th.

Several hedge funds have recently made changes to their positions in PLPM. Acrospire Investment Management LLC grew its holdings in shares of Planet Payment by 36.6% in the first quarter. Acrospire Investment Management LLC now owns 25,128 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 6,733 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of Planet Payment in the second quarter valued at approximately $102,000. Citigroup Inc. grew its holdings in shares of Planet Payment by 3,421.0% in the second quarter. Citigroup Inc. now owns 30,879 shares of the credit services provider’s stock valued at $102,000 after purchasing an additional 30,002 shares in the last quarter. American International Group Inc. grew its holdings in shares of Planet Payment by 7.1% in the first quarter. American International Group Inc. now owns 26,075 shares of the credit services provider’s stock valued at $104,000 after purchasing an additional 1,729 shares in the last quarter. Finally, SpiderRock Advisors LLC acquired a new position in shares of Planet Payment in the second quarter valued at approximately $111,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

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Shares of Planet Payment (NASDAQ PLPM) traded down 2.26% during midday trading on Friday, hitting $3.89. 246,705 shares of the stock traded hands. Planet Payment has a 52-week low of $2.75 and a 52-week high of $4.64. The stock has a 50-day moving average of $3.59 and a 200-day moving average of $3.74. The company has a market cap of $191.54 million, a price-to-earnings ratio of 8.57 and a beta of 0.61.

About Planet Payment

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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