Payoneer Global (NASDAQ:PAYO – Get Free Report) announced its earnings results on Thursday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01), FiscalAI reports. The business had revenue of $276.94 million for the quarter, compared to the consensus estimate of $271.95 million. Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS.
Payoneer Global Stock Performance
Shares of Payoneer Global stock traded down $0.02 during midday trading on Friday, hitting $7.15. The company had a trading volume of 619,018 shares, compared to its average volume of 1,526,880. The stock has a market capitalization of $2.42 billion, a P/E ratio of 51.07, a P/E/G ratio of 1.83 and a beta of 0.97. The company has a 50 day moving average of $7.14 and a 200 day moving average of $6.17. Payoneer Global has a 52-week low of $4.08 and a 52-week high of $7.22.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on PAYO. Deutsche Bank Aktiengesellschaft lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.46.
About Payoneer Global
Payoneer Global Inc (NASDAQ: PAYO) operates a global financial technology platform that helps businesses, online marketplaces, freelancers and other professionals send, receive and manage payments across borders. Its services are designed to support companies that operate internationally, including small and medium-sized businesses and digital commerce participants.
The company provides multi-currency receiving accounts, cross-border payouts, supplier and contractor payments, currency conversion and other business payment tools.
Read More
- Five stocks we like better than Payoneer Global
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for Payoneer Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Payoneer Global and related companies with MarketBeat.com's FREE daily email newsletter.
