Paymentus (PAY) to Release Earnings on Tuesday

Paymentus (NYSE:PAY - Get Free Report) will issue its quarterly earnings data 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.Parties interested in registering for the company's conference call can do so using this link.

Paymentus (NYSE:PAY - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $197.42 million during the quarter, compared to analyst estimates of $180.57 million. Paymentus had a return on equity of 9.33% and a net margin of 4.63%. The company's quarterly revenue was up 32.6% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. On average, analysts expect Paymentus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Paymentus Trading Up 2.5 %

NYSE:PAY traded up $0.60 during midday trading on Tuesday, reaching $24.87. The company had a trading volume of 128,605 shares, compared to its average volume of 239,825. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 97.08 and a beta of 1.41. The stock's fifty day simple moving average is $22.43 and its 200-day simple moving average is $20.80. Paymentus has a 12-month low of $14.77 and a 12-month high of $27.06.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Paymentus from $21.00 to $23.50 and gave the company a "neutral" rating in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their price target on Paymentus from $21.00 to $26.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. StockNews.com raised Paymentus from a "sell" rating to a "hold" rating in a report on Saturday, August 3rd. Robert W. Baird lifted their price target on Paymentus from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Finally, Canaccord Genuity Group raised Paymentus to a "strong-buy" rating in a report on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Paymentus presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.31.

About Paymentus

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.