Paysafe (PSFE) Scheduled to Post Quarterly Earnings on Wednesday

Paysafe (NYSE:PSFE) will announce its earnings results before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Paysafe has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Paysafe (NYSE:PSFE) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). The business had revenue of $439.92 million during the quarter, compared to analyst estimates of $428.40 million. Paysafe had a negative net margin of 0.78% and a positive return on equity of 14.42%. On average, analysts expect Paysafe to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Paysafe Stock Performance

Shares of Paysafe stock opened at $21.93 on Wednesday. The firm has a market capitalization of $1.33 billion, a P/E ratio of -104.42, a P/E/G ratio of 0.53 and a beta of 1.91. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.83. Paysafe has a 52 week low of $10.05 and a 52 week high of $23.50. The firm’s 50 day moving average is $22.00 and its two-hundred day moving average is $19.59.

Wall Street Analysts Forecast Growth

PSFE has been the topic of several research analyst reports. Susquehanna reiterated a “neutral” rating and set a $23.00 price target on shares of Paysafe in a research note on Tuesday, October 15th. Royal Bank of Canada boosted their target price on Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. UBS Group upped their target price on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research report on Wednesday, August 14th. Finally, Bank of America lifted their price target on Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.00.

About Paysafe

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.