DLocal (NASDAQ:DLO) Posts Earnings Results, Beats Expectations By $0.06 EPS

DLocal (NASDAQ:DLO) issued its quarterly earnings data on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06, Briefing.com reports. DLocal had a return on equity of 35.20% and a net margin of 18.83%. The business had revenue of $171.30 million for the quarter, compared to analysts’ expectations of $203.18 million. During the same period in the prior year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis.

DLocal Stock Performance

Shares of DLO stock opened at $8.37 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.48 billion, a PE ratio of 19.02, a PEG ratio of 0.80 and a beta of 0.74. DLocal has a 12-month low of $6.57 and a 12-month high of $23.00. The business’s fifty day simple moving average is $7.78 and its 200-day simple moving average is $12.15.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DLO shares. Susquehanna reduced their price objective on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday. The Goldman Sachs Group downgraded DLocal from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $16.00 to $8.00 in a research report on Wednesday, June 26th. Bank of America boosted their price objective on shares of DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on shares of DLocal from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, May 29th. Finally, Barclays cut their price target on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.50.

About DLocal

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.