EVO Payments (EVOP) to Release Earnings on Wednesday

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EVO Payments (NASDAQ:EVOP) is scheduled to release its earnings data before the market opens on Wednesday, August 7th. Analysts expect EVO Payments to post earnings of $0.13 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Shares of EVO Payments stock opened at $30.25 on Tuesday. The stock has a market capitalization of $2.55 billion, a P/E ratio of -20.44, a PEG ratio of 4.17 and a beta of 0.61. EVO Payments has a 52 week low of $19.42 and a 52 week high of $31.93. The business has a 50 day moving average of $30.19.

In other EVO Payments news, EVP Michael L. Reidenbach sold 4,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $31.18, for a total transaction of $124,720.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Groot Steven J. De sold 2,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $29.00, for a total value of $58,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,999 shares of company stock valued at $2,358,053. 61.16% of the stock is currently owned by corporate insiders.

Several brokerages have recently commented on EVOP. Northcoast Research began coverage on EVO Payments in a research note on Friday, May 24th. They issued a “neutral” rating for the company. ValuEngine downgraded EVO Payments from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised EVO Payments from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, July 2nd. Cantor Fitzgerald started coverage on EVO Payments in a research note on Wednesday, May 29th. They issued a “neutral” rating and a $30.05 price objective for the company. Finally, BTIG Research lowered EVO Payments from a “buy” rating to a “neutral” rating in a report on Monday, July 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $28.01.

About EVO Payments

EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 550,000 merchants. The company processes approximately 950 million transactions in North America and approximately 2.1 billion transactions in Europe. Its payment and commerce solutions consist of gateway solutions, online fraud prevention and management reporting, online hosted payments page capabilities, security tokenization, and encryption solutions at the point-of-sale and online; dynamic currency conversion; loyalty offers; and other ancillary solutions.

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