Nuvei (NASDAQ:NVEI) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Nuvei (NASDAQ:NVEI) announced its earnings results on Tuesday. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06), Briefing.com reports. The business had revenue of $345.50 million for the quarter, compared to analysts’ expectations of $329.88 million. Nuvei had a negative net margin of 0.39% and a positive return on equity of 6.50%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.19 EPS.

Nuvei Stock Up 0.3 %

Shares of Nuvei stock traded up $0.10 on Friday, reaching $33.22. 226,995 shares of the company were exchanged, compared to its average volume of 1,041,321. Nuvei has a 1-year low of $13.32 and a 1-year high of $33.78. The stock’s 50 day moving average price is $32.50 and its 200-day moving average price is $30.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $4.65 billion, a P/E ratio of -828.00, a price-to-earnings-growth ratio of 1.60 and a beta of 2.53.

Nuvei Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Tuesday, August 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, August 20th. Nuvei’s dividend payout ratio is currently -1,000.00%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. downgraded shares of Nuvei from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $32.00 to $34.00 in a report on Wednesday, May 8th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.