B. Riley Has Positive Estimate for PRTH FY2025 Earnings

Key Points

• B. Riley has raised its FY2025 earnings estimate for Priority Technology Holdings to $1.06 per share, up from the previous forecast of $1.04.
• Priority Technology reported a quarterly earnings of $0.26 EPS, surpassing the consensus estimate of $0.25, along with a revenue of $239.81 million.
• Analysts' ratings for Priority Technology include a mix of "Hold" and "Buy," with a consensus target price of $13.00.

Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) - Analysts at B. Riley upped their FY2025 earnings estimates for Priority Technology in a report released on Tuesday, October 7th. B. Riley analyst H. Goetsch now anticipates that the company will post earnings of $1.06 per share for the year, up from their previous forecast of $1.04. The consensus estimate for Priority Technology's current full-year earnings is ($0.09) per share. B. Riley also issued estimates for Priority Technology's Q4 2025 earnings at $0.30 EPS.

Priority Technology (NASDAQ:PRTH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. Priority Technology had a net margin of 4.03% and a negative return on equity of 47.35%. The company had revenue of $239.81 million for the quarter, compared to analysts' expectations of $239.63 million. Priority Technology has set its FY 2025 guidance at EPS.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Priority Technology in a research note on Wednesday. Zacks Research lowered shares of Priority Technology from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 19th. Cowen reissued a "buy" rating on shares of Priority Technology in a research note on Friday, August 8th. Finally, Wall Street Zen raised shares of Priority Technology from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.00.

Priority Technology Price Performance

NASDAQ:PRTH opened at $7.27 on Thursday. Priority Technology has a one year low of $5.01 and a one year high of $12.47. The company's 50-day simple moving average is $7.52 and its 200 day simple moving average is $7.51. The firm has a market capitalization of $581.02 million, a P/E ratio of 27.96 and a beta of 1.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers bought a new position in shares of Priority Technology in the first quarter worth approximately $529,000. Acadian Asset Management LLC lifted its position in Priority Technology by 825.3% during the first quarter. Acadian Asset Management LLC now owns 357,473 shares of the company's stock valued at $2,431,000 after purchasing an additional 318,839 shares during the period. Advisor Resource Council bought a new position in Priority Technology during the first quarter valued at approximately $328,000. Investors Asset Management of Georgia Inc. GA ADV bought a new position in Priority Technology during the first quarter valued at approximately $645,000. Finally, Steamboat Capital Partners LLC lifted its position in Priority Technology by 200.6% during the first quarter. Steamboat Capital Partners LLC now owns 2,400,000 shares of the company's stock valued at $16,356,000 after purchasing an additional 1,601,491 shares during the period. Institutional investors own 11.52% of the company's stock.

Priority Technology Company Profile

Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.