Equity research analysts expect Repay Holdings Co. (NASDAQ: RPAY) to report sales of $ 44.43 million for the current quarter, Zack reports. Three analysts made estimates for Repay’s earnings. The lowest sales estimate is $ 43.90 million and the highest is $ 45.42 million. Repay reported revenue of $ 36.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.7%. The company is expected to release its next results on Monday, August 9.
According to Zacks, analysts expect Repay to report annual sales of $ 216.02 million for the current year, with estimates ranging from $ 213.60 million to $ 219.35 million. For the next fiscal year, analysts predict the company will post sales of $ 281.95 million, with estimates ranging from $ 276.90 million to $ 287.85 million. Zacks sales averages are an average based on a survey of analysts who follow Repay.
Repay (NASDAQ: RPAY) last released its results on Sunday, May 9. The company reported earnings per share (EPS) of $ 0.18 for the quarter, beating the Zacks’ consensus estimate by $ 0.16 per $ 0.02. The company posted revenue of $ 47.52 million in the quarter, compared to analysts’ estimates of $ 44.87 million. Repay had a positive return on equity of 4.80% and a negative net margin of 28.90%. Repay’s revenues increased 20.4% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $ 0.18.
A number of research companies have recently published reports on RPAY. Citigroup Inc. The capital protected by a minimum 3% Russell-based coupon began to hedge redemption in a report released on Wednesday, March 24. They issued a “buy” note and a target price of $ 29.00 for the company. Wells Fargo & Company downgraded Repay from an “equal weight” rating to an “overweight” rating and set a target price of $ 29.00 for the company in a report released on Tuesday, March 2. Citigroup began covering Repay in a research note on Wednesday, March 24. They issued a “buy” note and a target price of $ 29.00 on the stock. Zacks investment research reduce Repay from a “buy” note to a “keep” note in a research note on Wednesday May 5th. Finally, Morgan Stanley raised its price target on Repay from $ 26.00 to $ 27.00 and gave the company an “equal weight” rating in a Friday May 14 research note. Two research analysts rated the stock with a conservation rating and eight issued a buy rating for the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $ 28.64.
NASDAQ: RPAY open at $ 24.30 on Tuesdays. The stock has a market cap of $ 1.95 billion, a price-to-earnings ratio of -30.38 and a beta of 0.80. The company has a fifty-day moving average of $ 23.19. Repay has a 12-month low of $ 20.18 and a 12-month high of $ 28.42. The company has a leverage ratio of 0.62, a rapid ratio of 6.91 and a current ratio of 6.91.
In other news, CFO Timothy John Murphy sold 25,267 shares of Repay in a trade dated Tuesday, June 8. The stock was sold for an average price of $ 25.00, for a total trade of $ 631,675.00. As a result of the sale, the CFO now owns 374,904 shares of the company, valued at $ 9,372,600. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible via the SEC website. Additionally, Executive Vice President Naomi Barnett sold 2,154 Repay shares in a trade dated Friday, May 14. The stock was sold for an average price of $ 23.01, for a total value of $ 49,563.54. Following the sale, the Executive Vice President now owns 60,587 shares of the company, valued at approximately $ 1,394,106.87. Disclosure of this sale can be found here. Insiders sold 37,421 shares of the company valued at $ 915,039 during the last quarter. Insiders own 16.54% of the company’s shares.
Several institutional investors and hedge funds have recently bought and sold shares in the company. Bank Julius Baer & Co. Ltd Zurich acquired in the 1st quarter a new position in Repay valued at approximately $ 35,000. Signaturefd LLC acquired a new position in Repay in the 4th quarter valued at approximately $ 55,000. Harbor Investments Inc. acquired a new position in Repay during the first quarter valued at approximately $ 95,000. Great West Life Assurance Co. Can increased its position in Repay by 90.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 4,385 shares of the company valued at $ 102,000 after acquiring an additional 2,085 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Repay in the 4th quarter for a value of approximately $ 129,000. Institutional investors and hedge funds hold 89.66% of the company’s shares.
Refund Company Profile
Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. Its payment processing solutions enable consumers and businesses to make payments using electronic payment methods. The company offers a range of solutions for electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant financing. .
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