Paymentus (PAY) Scheduled to Post Earnings on Tuesday

Paymentus (NYSE:PAYGet Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Paymentus has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Paymentus (NYSE:PAYGet Free Report) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $197.42 million for the quarter, compared to analysts’ expectations of $180.57 million. Paymentus had a net margin of 4.63% and a return on equity of 9.33%. The business’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. 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

Paymentus stock opened at $24.27 on Tuesday. The firm’s 50 day simple moving average is $22.40 and its 200-day simple moving average is $20.76. The company has a market cap of $3.02 billion, a P/E ratio of 97.08 and a beta of 1.41. Paymentus has a fifty-two week low of $14.77 and a fifty-two week high of $27.06.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PAY shares. Robert W. Baird lifted their target price on shares of Paymentus from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. lifted their target price on shares of Paymentus from $21.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Canaccord Genuity Group raised shares of Paymentus to a “strong-buy” rating in a research report on Monday, July 8th. Baird R W raised shares of Paymentus from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Finally, The Goldman Sachs Group lifted their target price on shares of Paymentus from $21.00 to $23.50 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.31.

Read Our Latest Stock Report on PAY

Paymentus Company Profile

(Get Free Report)

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.

See Also

Earnings History for Paymentus (NYSE:PAY)

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