Nuvei (NASDAQ:NVEI – Get Free Report) announced its earnings results on Tuesday. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06), Briefing.com reports. Nuvei had a negative net margin of 0.39% and a positive return on equity of 6.50%. The firm had revenue of $345.50 million during the quarter, compared to analysts’ expectations of $329.88 million. During the same quarter last year, the company posted $0.19 earnings per share. Nuvei’s revenue for the quarter was up 12.5% compared to the same quarter last year.
Nuvei Price Performance
Shares of NVEI stock remained flat at $33.00 during trading hours on Wednesday. 990,204 shares of the company were exchanged, compared to its average volume of 1,049,489. The company has a market cap of $4.62 billion, a price-to-earnings ratio of -825.00, a PEG ratio of 1.60 and a beta of 2.53. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.60. The company’s fifty day simple moving average is $32.48 and its 200-day simple moving average is $30.04. Nuvei has a 1-year low of $13.32 and a 1-year high of $33.78.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. downgraded shares of Nuvei from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $32.00 to $34.00 in a research note on Wednesday, May 8th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Nuvei presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.06.
About Nuvei
Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. The company's platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method.
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