EVO Payments Inc (NASDAQ:EVOP) – Investment analysts at William Blair upped their FY2018 earnings per share estimates for shares of EVO Payments in a research report issued on Wednesday, November 7th. William Blair analyst R. Napoli now forecasts that the company will post earnings of $0.53 per share for the year, up from their prior estimate of $0.52. William Blair also issued estimates for EVO Payments’ Q4 2018 earnings at $0.20 EPS, Q1 2019 earnings at $0.10 EPS, Q2 2019 earnings at $0.19 EPS and Q3 2019 earnings at $0.21 EPS.
EVO Payments (NASDAQ:EVOP) last released its earnings results on Wednesday, November 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The company had revenue of $144.76 million for the quarter, compared to analyst estimates of $142.24 million.
EVOP has been the subject of a number of other research reports. Buckingham Research began coverage on shares of EVO Payments in a research note on Wednesday, August 29th. They issued a “neutral” rating and a $24.00 price target for the company. Citigroup cut their target price on shares of EVO Payments from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, August 9th. Finally, SunTrust Banks raised their target price on shares of EVO Payments to $32.00 and gave the stock a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. EVO Payments currently has an average rating of “Hold” and an average target price of $24.38.
Shares of EVOP stock opened at $27.55 on Friday. EVO Payments has a one year low of $19.00 and a one year high of $30.45.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Dean Capital Investments Management LLC acquired a new stake in shares of EVO Payments during the 2nd quarter worth about $649,000. Spark Investment Management LLC acquired a new stake in EVO Payments in the 2nd quarter worth about $1,634,000. Davidson Kempner Capital Management LP acquired a new stake in EVO Payments in the 2nd quarter worth about $864,000. Jennison Associates LLC acquired a new stake in EVO Payments in the 2nd quarter worth about $30,571,000. Finally, FMR LLC acquired a new stake in EVO Payments in the 2nd quarter worth about $632,000. Institutional investors own 21.58% 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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