Usio (NASDAQ:USIO) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Usio (NASDAQ:USIO) released its earnings results on Wednesday. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01, Zacks reports. Usio had a negative return on equity of 2.98% and a net margin of 3.33%.

Usio Trading Down 3.6 %

Shares of NASDAQ USIO traded down $0.06 during midday trading on Wednesday, reaching $1.59. The company had a trading volume of 230,744 shares, compared to its average volume of 122,721. The firm’s fifty day moving average price is $1.80 and its 200-day moving average price is $1.60. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.03. Usio has a one year low of $1.24 and a one year high of $2.92. The stock has a market cap of $43.14 million, a PE ratio of 17.67 and a beta of 1.82.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $4.00 price objective on shares of Usio in a report on Wednesday, January 29th.

Usio Company Profile

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check and Check Conversion for electronic payment facilitation.