Paymentus (PAY) to Release Quarterly Earnings on Tuesday

Paymentus (NYSE:PAY) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Paymentus (NYSE:PAY) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $197.42 million during the quarter, compared to analyst estimates of $180.57 million. Paymentus had a net margin of 4.63% and a return on equity of 9.33%. Paymentus’s quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, analysts expect Paymentus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Paymentus Price Performance

NYSE:PAY opened at $27.05 on Friday. The company’s 50-day moving average is $22.73 and its two-hundred day moving average is $20.97. Paymentus has a 1-year low of $14.77 and a 1-year high of $27.14. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 108.20 and a beta of 1.41.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PAY shares. The Goldman Sachs Group increased their price objective on Paymentus from $21.00 to $23.50 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Robert W. Baird raised their price objective on Paymentus from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. StockNews.com raised shares of Paymentus from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Paymentus from $21.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Paymentus presently has an average rating of “Moderate Buy” and an average price target of $23.50.

About Paymentus

Paymentus Holdings, Inc provides cloud-based bill payment technology and solutions in the United States and internationally. The company offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a software-as-a-service technology platform.