Payoneer Global (NASDAQ:PAYO) Issues Quarterly Earnings Results

by · The Markets Daily

Payoneer Global (NASDAQ:PAYO – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01), FiscalAI reports. The business had revenue of $276.94 million during 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 revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.04 EPS.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO traded down $0.02 during mid-day trading on Friday, reaching $7.15. 619,018 shares of the company traded hands, compared to its average volume of 1,526,880. The company’s 50 day moving average price is $7.14 and its 200-day moving average price is $6.17. The firm has a market cap of $2.42 billion, a PE ratio of 51.07, a PEG ratio of 1.83 and a beta of 0.97. Payoneer Global has a 52 week low of $4.08 and a 52 week high of $7.22.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Payoneer Global currently has an average rating of “Hold” and a consensus price target of $7.46.

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Payoneer Global Company Profile

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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.

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