Repay Holdings Corporation (NASDAQ:RPAY) Expected to Post Earnings of $0.15 Per Share

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Equities research analysts expect Repay Holdings Corporation (NASDAQ:RPAY) to report earnings per share (EPS) of $0.15 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Repay’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.13. The company is scheduled to report its next earnings results on Monday, August 10th.

According to Zacks, analysts expect that Repay will report full-year earnings of $0.45 per share for the current fiscal year, with EPS estimates ranging from $0.39 to $0.55. For the next year, analysts anticipate that the firm will post earnings of $0.50 per share, with EPS estimates ranging from $0.08 to $0.73. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Repay.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The firm had revenue of $39.46 million during the quarter, compared to analysts’ expectations of $37.86 million. Repay’s quarterly revenue was up 71.4% compared to the same quarter last year.

RPAY has been the subject of a number of analyst reports. Credit Suisse Group upped their price objective on shares of Repay from $17.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, June 12th. Zacks Investment Research lowered shares of Repay from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. BidaskClub raised shares of Repay from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 12th. SunTrust Banks increased their target price on shares of Repay from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Finally, ValuEngine raised shares of Repay from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $26.44.

Shares of RPAY traded down $0.63 during mid-day trading on Tuesday, reaching $24.63. The stock had a trading volume of 1,085,707 shares, compared to its average volume of 741,179. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.53. Repay has a 52-week low of $10.21 and a 52-week high of $27.93. The business’s fifty day moving average is $23.33 and its 200 day moving average is $17.86.

In other news, VP Thomas Eugene Sullivan sold 28,145 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $23.45, for a total value of $660,000.25. Following the completion of the transaction, the vice president now owns 69,099 shares of the company’s stock, valued at $1,620,371.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Herman Hartheimer sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $18.37, for a total transaction of $183,700.00. The disclosure for this sale can be found here. Company insiders own 16.54% of the company’s stock.

A number of large investors have recently modified their holdings of RPAY. California Public Employees Retirement System raised its holdings in Repay by 232.8% in the fourth quarter. California Public Employees Retirement System now owns 46,601 shares of the company’s stock valued at $683,000 after acquiring an additional 32,600 shares in the last quarter. Swiss National Bank acquired a new stake in Repay in the fourth quarter valued at approximately $882,000. State Street Corp acquired a new stake in Repay in the fourth quarter valued at approximately $512,000. FMR LLC acquired a new stake in Repay in the fourth quarter valued at approximately $16,265,000. Finally, Alphasimplex Group LLC acquired a new stake in Repay in the fourth quarter valued at approximately $1,003,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

About Repay

Repay Holdings Corporation provides integrated payment processing solutions in the United States. The company offers credit and debit card processing, automated clearing house processing, and funding solutions. It primarily serves clients in consumer finance, automotive, receivables management, and healthcare sectors, as well as financial institutions.

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Earnings History and Estimates for Repay (NASDAQ:RPAY)

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