Equities Analysts Set Expectations for Nayax FY2024 Earnings

Nayax Ltd. (NASDAQ:NYAX) – Equities researchers at B. Riley issued their FY2024 EPS estimates for shares of Nayax in a report issued on Monday, November 18th. B. Riley analyst J. Nichols expects that the company will earn ($0.17) per share for the year. B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Nayax’s current full-year earnings is ($0.16) per share. B. Riley also issued estimates for Nayax’s Q4 2024 earnings at $0.02 EPS, FY2025 earnings at $0.57 EPS and FY2026 earnings at $1.30 EPS.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. The business had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. During the same quarter in the prior year, the business posted ($0.09) EPS.

A number of other research firms have also weighed in on NYAX. Keefe, Bruyette & Woods cut their price objective on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. Oppenheimer assumed coverage on shares of Nayax in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, Barclays increased their price objective on shares of Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.00.

Nayax Trading Up 5.1 %

Shares of Nayax stock opened at $28.69 on Thursday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -88.00 and a beta of -0.08. Nayax has a 12-month low of $18.46 and a 12-month high of $30.99. The firm’s 50 day simple moving average is $26.63 and its two-hundred day simple moving average is $24.86. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

Institutional Trading of Nayax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NYAX. Barclays PLC grew its position in Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after buying an additional 2,266 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Nayax during the third quarter valued at $69,000. Hood River Capital Management LLC purchased a new position in Nayax during the first quarter valued at $102,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Nayax by 16.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Ingalls & Snyder LLC purchased a new position in Nayax during the second quarter valued at $229,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

About Nayax

Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses.