Paymentus (NYSE:PAY - Get Free Report) will be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Paymentus has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors that wish to listen to the company's conference call can do so using this link.
Paymentus (NYSE:PAY - Get Free Report) last posted its quarterly earnings data on Monday, March 4th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. The company had revenue of $164.80 million for the quarter, compared to analyst estimates of $157.38 million. Paymentus had a net margin of 3.63% and a return on equity of 7.42%. The business's quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share. On average, analysts expect Paymentus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Paymentus Stock Down 0.7 %
Shares of PAY traded down $0.14 during mid-day trading on Monday, reaching $20.64. 234,993 shares of the stock traded hands, compared to its average volume of 291,173. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 114.64 and a beta of 1.52. The stock has a fifty day simple moving average of $20.15 and a 200 day simple moving average of $17.79. Paymentus has a 12-month low of $7.76 and a 12-month high of $25.21.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Paymentus from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 6th. The Goldman Sachs Group lifted their price target on shares of Paymentus from $20.00 to $22.50 and gave the stock a "neutral" rating in a research note on Monday, April 15th. Robert W. Baird lifted their price target on shares of Paymentus from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Friday, April 12th. Wells Fargo & Company assumed coverage on shares of Paymentus in a research note on Wednesday, January 17th. They issued an "equal weight" rating and a $17.00 price target for the company. Finally, Raymond James lowered shares of Paymentus from an "outperform" rating to a "market perform" rating in a research note on Thursday, March 14th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $17.81.
Read Our Latest Stock Report on Paymentus
Paymentus Company Profile
(
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Paymentus Holdings, Inc provides cloud-based bill payment technology and solutions in the United States and internationally. The company offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a software-as-a-service technology platform.
Further Reading
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