Repay Holdings Corporation (NASDAQ:RPAY) Expected to Post Quarterly Sales of $31.03 Million

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Wall Street brokerages predict that Repay Holdings Corporation (NASDAQ:RPAY) will announce $31.03 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Repay’s earnings, with the lowest sales estimate coming in at $28.40 million and the highest estimate coming in at $33.86 million. The business is expected to announce its next earnings results on Monday, August 10th.

According to Zacks, analysts expect that Repay will report full-year sales of $149.06 million for the current fiscal year, with estimates ranging from $141.50 million to $162.04 million. For the next fiscal year, analysts anticipate that the business will report sales of $182.85 million, with estimates ranging from $167.60 million to $210.30 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Repay.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Monday, May 11th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $39.46 million for the quarter, compared to analyst estimates of $37.86 million. The company’s quarterly revenue was up 71.4% on a year-over-year basis.

Several equities analysts have commented on RPAY shares. Credit Suisse Group lifted their target price on shares of Repay from $17.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, June 12th. DA Davidson lifted their target price on shares of Repay from $20.00 to $31.00 in a research report on Wednesday, June 17th. Canaccord Genuity lifted their target price on shares of Repay from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. BTIG Research reissued a “buy” rating and set a $29.00 target price on shares of Repay in a research report on Thursday, June 11th. Finally, SunTrust Banks lifted their price target on shares of Repay from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Repay presently has an average rating of “Buy” and a consensus target price of $26.44.

Shares of Repay stock traded down $0.63 during mid-day trading on Thursday, hitting $24.63. 1,085,707 shares of the stock were exchanged, compared to its average volume of 741,179. Repay has a 12 month low of $10.21 and a 12 month high of $27.93. The company has a 50-day simple moving average of $23.33 and a 200 day simple moving average of $17.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.79 and a quick ratio of 0.79.

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

A number of hedge funds have recently modified their holdings of RPAY. California Public Employees Retirement System raised its holdings in Repay by 232.8% during the 4th 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 during the period. Swiss National Bank purchased a new position in shares of Repay during the 4th quarter valued at $882,000. State Street Corp purchased a new position in shares of Repay during the 4th quarter valued at $512,000. FMR LLC purchased a new position in shares of Repay during the 4th quarter valued at $16,265,000. Finally, Alphasimplex Group LLC purchased a new position in shares of Repay during the 4th quarter valued at $1,003,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Repay Company Profile

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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