Zacks: Analysts Anticipate Planet Payment, Inc. (PLPM) to Announce $0.05 EPS
Analysts expect that Planet Payment, Inc. (NASDAQ:PLPM) will announce earnings of $0.05 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Planet Payment’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.06. Planet Payment reported earnings of $0.04 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The company is expected to issue its next quarterly earnings report 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 forecast that the business will report earnings of $0.21 per share, with EPS estimates ranging from $0.17 to $0.26. Zacks’ EPS averages are an average based on a survey of research firms that follow Planet Payment.
Planet Payment (NASDAQ:PLPM) last released its earnings results on Wednesday, August 9th. The credit services provider reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $12.50 million during the quarter, compared to analysts’ expectations of $13.56 million. Planet Payment had a net margin of 48.14% and a return on equity of 25.86%. Planet Payment’s revenue for the quarter was down 4.6% compared to the same quarter last year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Planet Payment from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Northland Securities reissued a “buy” rating and issued a $4.50 price objective on shares of Planet Payment in a report on Thursday, October 12th.
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Planet Payment (NASDAQ PLPM) traded up 0.72% during mid-day trading on Wednesday, reaching $4.17. 70,543 shares of the company were exchanged. The firm has a market capitalization of $205.32 million, a P/E ratio of 9.19 and a beta of 0.62. Planet Payment has a 1-year low of $2.75 and a 1-year high of $4.64. The stock has a 50-day moving average of $4.18 and a 200 day moving average of $3.79.
Hedge funds have recently bought and sold shares of the company. American International Group Inc. boosted 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 acquiring an additional 1,729 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of Planet Payment in the second quarter valued at approximately $102,000. Citigroup Inc. boosted 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 acquiring an additional 30,002 shares during the period. SpiderRock Advisors LLC acquired a new stake in shares of Planet Payment in the second quarter valued at approximately $111,000. Finally, Connors Investor Services Inc. acquired a new stake in shares of Planet Payment in the second quarter valued at approximately $132,000. 50.64% 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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