Repay (RPAY) Scheduled to Post Quarterly Earnings on Thursday

Repay (NASDAQ:RPAY) will be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Repay has set its FY 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $75.99 million for the quarter, compared to analyst estimates of $69.94 million. Repay had a positive return on equity of 7.49% and a negative net margin of 37.25%. On average, analysts expect Repay to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Repay Stock Performance

Repay stock opened at $10.16 on Thursday. The stock’s 50 day moving average price is $10.03 and its 200 day moving average price is $8.38. The firm has a market capitalization of $1.04 billion, a PE ratio of -8.33 and a beta of 1.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.95 and a current ratio of 2.95. Repay has a one year low of $5.61 and a one year high of $11.22.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 4,925 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $10.00, for a total value of $49,250.00. Following the sale, the chief financial officer now directly owns 652,011 shares of the company’s stock, valued at $6,520,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 116,019 shares of company stock valued at $1,220,382 over the last three months. Company insiders own 11.00% of the company’s stock.

Wall Street Analyst Weigh In

RPAY has been the topic of several recent research reports. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Friday, March 1st. Keefe, Bruyette & Woods increased their target price on Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a research note on Monday, March 4th. Truist Financial reiterated a “buy” rating and set a $13.00 target price (up from $10.00) on shares of Repay in a research note on Monday, March 4th. Barclays increased their target price on Repay from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Finally, Benchmark started coverage on Repay in a research note on Tuesday, February 13th. They set a “buy” rating and a $10.00 target price for the company. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.25.

About Repay

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.