Payoneer Global (PAYO) Set to Announce Quarterly Earnings on Tuesday

Payoneer Global (NASDAQ:PAYO) will announce its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Payoneer Global has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The business had revenue of $239.50 million during the quarter, compared to analysts’ expectations of $223.12 million. During the same period in the prior year, the business earned $0.12 EPS. Payoneer Global’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts expect Payoneer Global to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Payoneer Global Stock Down 1.9 %

Payoneer Global stock opened at $8.46 on Monday. The company has a 50 day moving average of $7.73 and a 200-day moving average of $6.41. Payoneer Global has a twelve month low of $4.22 and a twelve month high of $8.76. The stock has a market capitalization of $3.23 billion, a PE ratio of 31.33 and a beta of 0.81.

Analyst Ratings Changes

PAYO has been the topic of several recent research reports. The Goldman Sachs Group lifted their price target on Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Keefe, Bruyette & Woods lifted their target price on Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Northland Securities upped their price target on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Benchmark lifted their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Needham & Company LLC boosted their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $8.93.

Insider Buying and Selling

In other news, Director Scott H. Galit sold 150,000 shares of Payoneer Global stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total value of $1,060,500.00. Following the completion of the transaction, the director now owns 1,809,674 shares of the company’s stock, valued at $12,794,395.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Itai Perry sold 4,100 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total transaction of $32,800.00. Following the transaction, the chief accounting officer now directly owns 228,738 shares of the company’s stock, valued at approximately $1,829,904. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott H. Galit sold 150,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total value of $1,060,500.00. Following the completion of the sale, the director now owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,000 shares of company stock worth $1,124,500. Insiders own 5.57% of the company’s stock.

About Payoneer Global

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.