EVO Payments, Inc. (EVOP), a U.S. integrated merchant acquirer and payment processing firm, closed the Monday session at a gain of +3.79% to $23.83.
EVO Payments, Inc. is a leading supplier of payment technology and software. EVO provides retailers ranging from small to medium-sized firms to global corporations and organizations across the globe with a variety of creative, efficient and safe payment solutions. EVO offers competitive solutions that facilitate business expansion, enhance customer satisfaction, and boost data protection in the foreign markets it represents, as a vertically integrated retailer acquirer and payment processor in over 50 markets and 150 currencies worldwide.
A planned underwritten offering of 4,500,000 shares of its Class A common stock was recently made by EVO. The Firm planed to make use of all the net profits earned by the selling of its Class A common stock shares through the negotiated deal to buy whether LLC’s interest in EVO Investco, LLC (‘EVO LLC’) and an equal number of Class B common stock shares of Blueapple, Inc., or LLC’s interest in EVO LLC and an equivalent number of Class D common stock shares of the Company, Or from an individual affiliated with Madison Dearborn Partners, LLC, they can vote for shares of the Class A common stock of the firm. J.P. Morgan was serving as the new offering’s underwriter.
EVO Payments (EVOP) came out with $0.19 per share quarterly revenue, topping the $0.17 per share Zacks Consensus Forecast. This compares with a year ago’s earnings of $0.19 per share. For non-recurring products, these statistics are modified.
The most recent reported quarterly report of the company reflected an 11.77 percent surprise in earnings. A quarter earlier, when it actually posted earnings of $0.11, it was expected that this business would report earnings of $0.02 per share, producing a 450 percent surprise. The business has exceeded consensus EPS expectations four times over the past four years.
For the quarter ended September 2020, EVO Payments, which belongs to the financial transaction services industry, reported sales of $116.98 million, surpassing the analysts’ consensus estimate by 2.84%. This is opposed to $122.36 million in year-ago sales. For the past four years, the organization has topped consensus sales forecasts three times.
EVO Payments, Inc. (EVOP) is scheduled to be reporting earnings next week.