DLocal (NASDAQ:DLO) Posts Earnings Results, Beats Estimates By $0.02 EPS

DLocal (NASDAQ:DLO) posted its quarterly earnings results on Thursday. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02, FiscalAI reports. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The company had revenue of $398.05 million during the quarter, compared to analyst estimates of $408.48 million.

DLocal Stock Performance

DLO traded down $0.26 during midday trading on Thursday, hitting $13.70. The stock had a trading volume of 1,863,031 shares, compared to its average volume of 2,052,932. The company has a market cap of $4.04 billion, a P/E ratio of 20.45 and a beta of 0.95. The business has a fifty day moving average of $14.41 and a 200 day moving average of $13.54. DLocal has a 1 year low of $10.64 and a 1 year high of $16.15.

Analysts Set New Price Targets

Several research firms have recently issued reports on DLO. The Goldman Sachs Group boosted their price target on shares of DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Truist Financial cut their price objective on shares of DLocal from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Finally, Weiss Ratings lowered shares of DLocal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, November 2nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, DLocal presently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

About DLocal

DLocal is a payments technology company that helps global businesses accept and send payments in emerging markets. Its platform connects merchants with local payment systems, allowing them to manage transactions across multiple countries through a single integration. The company’s services include payment collection, or pay-ins, and disbursements, or pay-outs. It supports local payment options such as cards, bank transfers, digital wallets and cash-based methods, helping businesses serve customers who may not use international payment networks.