Nuvei Co. (NVEI) To Go Ex-Dividend on May 20th

Nuvei Co. (NASDAQ:NVEI) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Tuesday, May 21st will be paid a dividend of 0.10 per share on Thursday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Monday, May 20th.

Nuvei has a payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Nuvei to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 23.1%.

Nuvei Price Performance

NASDAQ:NVEI traded down $0.16 during trading hours on Thursday, hitting $32.32. 708,096 shares of the stock were exchanged, compared to its average volume of 1,099,819. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.61. The firm’s fifty day moving average price is $29.75 and its 200 day moving average price is $25.01. The company has a market cap of $4.51 billion, a P/E ratio of -538.74, a P/E/G ratio of 1.52 and a beta of 2.59. Nuvei has a 52-week low of $13.32 and a 52-week high of $38.68.

Nuvei (NASDAQ:NVEI) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $321.52 million for the quarter, compared to analyst estimates of $319.60 million. Nuvei had a positive return on equity of 6.64% and a negative net margin of 0.66%. As a group, equities research analysts anticipate that Nuvei will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Nuvei from $29.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Wolfe Research restated a “peer perform” rating on shares of Nuvei in a report on Tuesday, April 2nd. Wells Fargo & Company dropped their price target on shares of Nuvei from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Thursday, March 7th. Scotiabank restated a “sector perform” rating and set a $34.00 price target on shares of Nuvei in a report on Tuesday, April 2nd. Finally, The Goldman Sachs Group lifted their price objective on Nuvei from $21.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.06.

Nuvei Company Profile

Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. The company's platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method.