Priority Technology (PRTH) Scheduled to Post Earnings on Thursday

Priority Technology (NASDAQ:PRTH) will issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Priority Technology has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Priority Technology (NASDAQ:PRTH) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.16) EPS for the quarter. The firm had revenue of $199.28 million for the quarter, compared to analyst estimates of $204.19 million. On average, analysts expect Priority Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Priority Technology Stock Down 1.6 %

Shares of PRTH stock opened at $3.16 on Thursday. The company’s fifty day simple moving average is $3.20 and its 200-day simple moving average is $3.34. The firm has a market cap of $239.51 million, a PE ratio of -5.02 and a beta of 0.88. Priority Technology has a 12 month low of $2.62 and a 12 month high of $5.03.

Insiders Place Their Bets

In other Priority Technology news, insider Sean Kiewiet sold 10,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $3.30, for a total transaction of $33,000.00. Following the sale, the insider now directly owns 1,351,853 shares of the company’s stock, valued at $4,461,114.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 15,613 shares of company stock valued at $51,065. 77.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, B. Riley boosted their price objective on shares of Priority Technology from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th.

Priority Technology Company Profile

Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.