Usio (NASDAQ:USIO) Posts Quarterly Earnings Results, Meets Expectations

Usio (NASDAQ:USIO) released its earnings results on Tuesday. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01, FiscalAI reports. Usio had a negative return on equity of 8.20% and a negative net margin of 1.63%. The company had revenue of $23.76 million for the quarter, compared to analysts’ expectations of $23.98 million.

Usio Stock Down 3.0%

USIO stock traded down $0.09 during trading hours on Tuesday, hitting $2.98. The company’s stock had a trading volume of 84,315 shares, compared to its average volume of 164,657. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $84.90 million, a PE ratio of -49.65 and a beta of 1.34. The stock has a 50 day moving average price of $2.74 and a two-hundred day moving average price of $1.93. Usio has a 12 month low of $1.03 and a 12 month high of $3.29.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings raised shares of Usio from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. LADENBURG THALM/SH SH increased their target price on Usio from $6.25 to $6.75 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Wall Street Zen raised shares of Usio to a “hold” rating in a research note on Saturday, July 25th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Usio currently has an average rating of “Moderate Buy” and an average price target of $5.38.

Usio Company Profile

Usio, Inc. (NASDAQ: USIO) is a financial technology company that provides electronic payment and money-movement services. Its platform supports payment acceptance and processing through methods such as credit cards, debit cards and automated clearing house (ACH) transactions. The company offers services for businesses, financial institutions, government organizations and other entities seeking to collect, disburse or manage payments. Its solutions include electronic bill payment, card processing, ACH payments and prepaid card programs, with an emphasis on integrated payment technology and related processing services.