Wall Street analysts expect Repay Holdings Co. (NASDAQ:RPAY) to report earnings of $0.18 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made earnings estimates for Repay, with the highest EPS estimate being $0.20 and the lowest estimate $0.13. Repay reported earnings of $0.17 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 5.9%. The company is expected to announce its next quarterly earnings report on Monday, March 7.
On average, analysts expect Repay to report annual earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.67 to $0.76. For the next fiscal year, analysts expect the company to report earnings of $1.00 per share, with EPS estimates ranging from $0.94 to $1.05. Zacks Investment Research’s earnings per share averages are an average average based on a survey of sell-side research firms that provide coverage for Repay.
Repay Inc (NASDAQ:RPAY) last reported results on Tuesday, November 9. The company reported earnings per share of $0.21 for the quarter, beating the Zacks consensus estimate of $0.18 by $0.03. Repay had a negative net margin of 21.93% and a positive return on equity of 6.02%. The company posted revenue of $61.13 million for the quarter, versus analyst estimates of $59.27 million. In the same quarter a year earlier, the company posted EPS of $0.04.
A number of equity research analysts have published reports on the stock. Citigroup reduced its price target on Repay shares from $26.00 to $24.00 in a Wednesday, January 19 research report. DA Davidson cut its price target on Repay shares from $31.00 to $28.00 and set a “buy” rating for the company in a Monday, Nov. 1 research report. Zacks Investment Research downgraded Repay’s shares from a “buy” to a “hold” rating in a Wednesday, January 12 research report. Morgan Stanley cut its price target on Repay shares from $22.00 to $19.00 and set an “equal weight” rating for the company in a Thursday, January 20 research report. Finally, BTIG Research cut its price target on Repay shares from $31.00 to $24.00 and set a “buy” rating for the company in a Wednesday, January 26 research report. Two equity research analysts gave the stock a hold rating and six gave the stock a buy rating. According to MarketBeat, Repay has a consensus rating of “Buy” and an average price target of $25.63.
Hedge funds have recently changed their positions in the stock. California State Teachers Retirement System increased its stake in Repay shares by 5.6% during Q2. California State Teachers Retirement System now owns 106,064 shares of the company valued at $2,550,000 after purchasing an additional 5,579 shares in the last quarter. Northern Trust Corp increased its stake in Repay shares by 5.6% during the second quarter. Northern Trust Corp now owns 840,012 shares of the company valued at $20,194,000 after buying an additional 44,805 shares last quarter. Raymond James & Associates increased its stake in Repay shares by 12.7% during the 3rd quarter. Raymond James & Associates now owns 81,519 shares of the company valued at $1,877,000 after purchasing an additional 9,203 shares last quarter. AXA SA purchased a new equity stake in Repay during Q2 valued at approximately $1,202,000. Finally, State Street Corp increased its stake in Repay shares by 12.5% during the 2nd quarter. State Street Corp now owns 1,595,366 shares of the company valued at $38,353,000 after purchasing an additional 176,641 shares last quarter. Institutional investors hold 90.42% of the company’s shares.
RPAY stock traded at $0.69 during Friday’s trading, hitting $17.31. The stock had trading volume of 344,903 shares, compared to an average volume of 508,563. Redemption has a one-year low of $15.00 and a one-year high of $26.29. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt ratio of 0.46. The company’s 50-day moving average is $17.58 and its two-hundred-day moving average is $20.62. The company has a market capitalization of $1.57 billion, a price-earnings ratio of -30.91 and a beta of 0.75.
Repay Holdings Corp. engages in providing integrated payment processing solutions to vertical markets that have specific and bespoke transactions. It offers payments, instant funding, active vault, hotspot automation, clearing and settlement, messaging management, STX mortgage transfer automation, virtual debit cards and value-added services.
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