Paysafe (PSFE) Scheduled to Post Quarterly Earnings on Wednesday

Paysafe (NYSE:PSFE) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 13th. Analysts expect Paysafe to post earnings of $0.58 per share for the quarter. Paysafe has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Paysafe (NYSE:PSFE) last posted its earnings results on Tuesday, August 13th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). The company had revenue of $439.92 million during the quarter, compared to analyst estimates of $428.40 million. Paysafe had a negative net margin of 0.78% and a positive return on equity of 14.42%. On average, analysts expect Paysafe to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Paysafe Trading Up 2.4 %

Shares of PSFE stock opened at $21.93 on Wednesday. The company has a 50-day moving average of $22.00 and a two-hundred day moving average of $19.59. The firm has a market cap of $1.33 billion, a PE ratio of -104.42, a price-to-earnings-growth ratio of 0.53 and a beta of 1.91. Paysafe has a 1-year low of $10.05 and a 1-year high of $23.50. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.15 and a quick ratio of 1.15.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PSFE shares. UBS Group increased their target price on Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research note on Wednesday, August 14th. Bank of America increased their price target on shares of Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 27th. Royal Bank of Canada lifted their price objective on shares of Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $23.00 target price on shares of Paysafe in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Paysafe has an average rating of “Hold” and an average price target of $19.00.

Paysafe Company Profile

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.