Payfare (PAY) to Release Earnings on Wednesday

Payfare (TSE:PAY) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.16 per share for the quarter.

Payfare (TSE:PAY) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.16 earnings per share for the quarter, missing the consensus estimate of C$0.17 by C($0.01). Payfare had a return on equity of 27.84% and a net margin of 9.62%. The firm had revenue of C$55.99 million for the quarter, compared to analyst estimates of C$58.97 million.

Payfare Trading Up 1.0 %

Shares of TSE:PAY opened at C$2.10 on Wednesday. Payfare has a 52-week low of C$1.76 and a 52-week high of C$8.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.32 and a current ratio of 1.22. The company has a market capitalization of C$100.76 million, a P/E ratio of 5.25 and a beta of 1.80. The company has a 50-day simple moving average of C$5.58 and a 200 day simple moving average of C$6.18.

Analyst Ratings Changes

A number of research firms have recently issued reports on PAY. Cantor Fitzgerald raised Payfare to a “strong-buy” rating in a research report on Thursday, October 3rd. Raymond James downgraded Payfare from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$12.00 to C$3.00 in a report on Monday, September 30th. Finally, B. Riley downgraded shares of Payfare from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th.

Payfare Company Profile

Payfare Inc, a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, funds transfers, bill payments, and savings wallets; Paid Portal by Payfare, a payout solution for gig workforces; and Paid App by Payfare, a digital banking app.