Flywire (NASDAQ:FLYW – Get Free Report) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Flywire has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
Flywire (NASDAQ:FLYW – Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. Flywire had a negative return on equity of 1.35% and a negative net margin of 2.13%. The business had revenue of $100.55 million during the quarter, compared to the consensus estimate of $88.52 million. During the same quarter last year, the firm posted ($0.01) EPS. The company’s quarterly revenue was up 37.6% on a year-over-year basis. On average, analysts expect Flywire to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Flywire Price Performance
NASDAQ:FLYW opened at $19.81 on Monday. The firm’s fifty day moving average price is $23.76 and its two-hundred day moving average price is $23.29. The company has a market cap of $2.43 billion, a P/E ratio of -220.09, a P/E/G ratio of 7.45 and a beta of 1.09. Flywire has a one year low of $18.65 and a one year high of $35.80.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on FLYW
Insider Buying and Selling
In other Flywire news, COO Rob Orgel sold 17,150 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $27.30, for a total transaction of $468,195.00. Following the completion of the sale, the chief operating officer now directly owns 468,285 shares in the company, valued at $12,784,180.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Rob Orgel sold 17,150 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $27.30, for a total transaction of $468,195.00. Following the completion of the transaction, the chief operating officer now directly owns 468,285 shares in the company, valued at approximately $12,784,180.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO David R. King sold 9,366 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $27.30, for a total transaction of $255,691.80. Following the completion of the sale, the chief technology officer now owns 621,568 shares in the company, valued at approximately $16,968,806.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,800 shares of company stock worth $3,743,582. Corporate insiders own 5.00% of the company’s stock.
About Flywire
Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.
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