Payoneer Global (PAYO) Set to Announce Earnings on Wednesday

Payoneer Global (NASDAQ:PAYO - Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Payoneer Global to post earnings of $0.05 per share for the quarter. Payoneer Global has set its FY 2024 guidance at EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $224.32 million for the quarter, compared to analyst estimates of $223.65 million. Payoneer Global had a net margin of 11.23% and a return on equity of 14.80%. On average, analysts expect Payoneer Global to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Payoneer Global Price Performance

Shares of NASDAQ PAYO traded up $0.01 during trading hours on Wednesday, hitting $4.95. 1,550,242 shares of the stock were exchanged, compared to its average volume of 2,502,662. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $1.83 billion, a PE ratio of 20.63 and a beta of 0.81. The company's fifty day simple moving average is $4.83 and its two-hundred day simple moving average is $5.09. Payoneer Global has a 1-year low of $4.02 and a 1-year high of $6.48.

Insider Buying and Selling

In related news, Director Scott H. Galit sold 340,120 shares of Payoneer Global stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $4.51, for a total transaction of $1,533,941.20. Following the completion of the transaction, the director now owns 3,127,981 shares of the company's stock, valued at $14,107,194.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Tsafi Goldman sold 61,464 shares of Payoneer Global stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $5.43, for a total transaction of $333,749.52. Following the completion of the transaction, the insider now owns 870,832 shares of the company's stock, valued at $4,728,617.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott H. Galit sold 340,120 shares of Payoneer Global stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $4.51, for a total transaction of $1,533,941.20. Following the transaction, the director now directly owns 3,127,981 shares of the company's stock, valued at approximately $14,107,194.31. The disclosure for this sale can be found here. Insiders sold 1,231,650 shares of company stock valued at $5,862,136 over the last quarter. Insiders own 5.57% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup cut their target price on shares of Payoneer Global from $7.50 to $6.00 and set a "buy" rating on the stock in a research report on Thursday, March 21st. Benchmark restated a "buy" rating and issued a $7.00 target price on shares of Payoneer Global in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods dropped their price target on shares of Payoneer Global from $7.00 to $6.00 and set an "outperform" rating for the company in a research note on Thursday, February 29th. Cantor Fitzgerald dropped their price target on shares of Payoneer Global from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Friday, March 1st. Finally, The Goldman Sachs Group dropped their price target on shares of Payoneer Global from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Thursday, January 11th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $6.57.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.