DLocal (NASDAQ:DLO) Issues Quarterly Earnings Results

DLocal (NASDAQ:DLO) issued its quarterly earnings results on Tuesday. The company reported $0.23 EPS for the quarter, topping 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 firm had revenue of $398.05 million for the quarter, compared to analysts’ expectations of $408.48 million.

DLocal Stock Down 1.9%

Shares of NASDAQ:DLO traded down $0.26 during midday trading on Thursday, hitting $13.70. The stock had a trading volume of 1,968,613 shares, compared to its average volume of 2,056,958. The company has a market cap of $4.04 billion, a P/E ratio of 20.45 and a beta of 0.95. DLocal has a 12 month low of $10.64 and a 12 month high of $16.15. The business’s 50-day simple moving average is $14.41 and its 200-day simple moving average is $13.54.

Analysts Set New Price Targets

DLO has been the subject of several analyst reports. Weiss Ratings cut DLocal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, November 2nd. The Goldman Sachs Group upped their target price on DLocal from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Truist Financial reduced their price target on DLocal from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.00.

DLocal Company Profile

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.