Paysafe (NYSE:PSFE – Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 1.830-1.880 for the period, compared to the consensus EPS estimate of 2.200. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on PSFE. BTIG Research reaffirmed a “buy” rating on shares of Paysafe in a research note on Tuesday, August 12th. Zacks Research upgraded shares of Paysafe to a “hold” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Paysafe in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $16.95.
View Our Latest Stock Report on Paysafe
Paysafe Trading Down 3.7%
Paysafe (NYSE:PSFE – Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Paysafe had a negative net margin of 2.93% and a positive return on equity of 9.64%. The business had revenue of $428.22 million for the quarter, compared to analyst estimates of $424.11 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, analysts anticipate that Paysafe will post 1.87 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Paysafe
A number of institutional investors have recently added to or reduced their stakes in PSFE. Tower Research Capital LLC TRC raised its position in Paysafe by 143.1% during the second quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock worth $70,000 after acquiring an additional 3,266 shares in the last quarter. Quantbot Technologies LP bought a new position in Paysafe during the second quarter worth about $106,000. Engineers Gate Manager LP acquired a new position in Paysafe during the second quarter worth approximately $143,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Paysafe by 24.2% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 44,872 shares of the company’s stock valued at $566,000 after purchasing an additional 8,729 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Paysafe by 18.8% in the second quarter. Ameriprise Financial Inc. now owns 182,237 shares of the company’s stock valued at $2,300,000 after purchasing an additional 28,812 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than Paysafe
- What Are the FAANG Stocks and Are They Good Investments?
- As Warren Buffett Nears His Exit, Berkshire’s Amassed Record Cash
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Rare Earth Stocks: The Truce That Isn’t a Truce
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Carving Up Profits: 3 Food Stocks on the Thanksgiving Table
Receive News & Ratings for Paysafe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paysafe and related companies with MarketBeat.com's FREE daily email newsletter.
