Nuvei (NVEI) Set to Announce Earnings on Tuesday

Nuvei (NASDAQ:NVEI) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Nuvei to post earnings of $0.47 per share for the quarter.

Nuvei (NASDAQ:NVEI) last released its earnings results on Tuesday, March 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. Nuvei had a negative net margin of 0.66% and a positive return on equity of 6.64%. The business had revenue of $321.52 million for the quarter, compared to analyst estimates of $319.60 million. On average, analysts expect Nuvei to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nuvei Stock Up 0.0 %

NVEI stock opened at $32.34 on Monday. Nuvei has a 1-year low of $13.32 and a 1-year high of $42.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a 50-day moving average price of $29.34 and a 200-day moving average price of $24.71.

Nuvei Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, March 19th were issued a $0.10 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.24%. Nuvei’s payout ratio is currently -333.28%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Scotiabank reiterated a “sector perform” rating and issued a $34.00 price objective on shares of Nuvei in a research note on Tuesday, April 2nd. UBS Group reiterated a “neutral” rating and set a $34.00 price objective (up previously from $30.00) on shares of Nuvei in a report on Wednesday, April 3rd. Raymond James increased their price objective on shares of Nuvei from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada upped their price target on Nuvei from $29.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Finally, Canaccord Genuity Group reduced their price objective on Nuvei from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Nuvei has a consensus rating of “Moderate Buy” and a consensus price target of $31.94.

Nuvei Company Profile

Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. The company's platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method.