Usio (NASDAQ:USIO) Announces Earnings Results

Usio (NASDAQ:USIO) issued its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01, FiscalAI reports. The company had revenue of $23.76 million during the quarter, compared to analysts’ expectations of $23.98 million. Usio had a negative return on equity of 8.20% and a negative net margin of 1.63%.

Usio Stock Performance

Shares of USIO stock traded down $0.09 during trading on Tuesday, reaching $2.98. 84,315 shares of the company’s stock were exchanged, compared to its average volume of 164,657. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $84.90 million, a PE ratio of -49.65 and a beta of 1.34. Usio has a twelve month low of $1.03 and a twelve month high of $3.29. The firm’s fifty day moving average price is $2.74 and its 200-day moving average price is $1.93.

Wall Street Analyst Weigh In

USIO has been the topic of several research reports. LADENBURG THALM/SH SH upped their price target on shares of Usio from $6.25 to $6.75 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Wall Street Zen raised Usio to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings upgraded Usio from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.38.

Usio Company Profile

Usio, Inc. (NASDAQ: USIO) is a financial technology company that provides electronic payment and money-movement services. Its platform supports payment acceptance and processing through methods such as credit cards, debit cards and automated clearing house (ACH) transactions. The company offers services for businesses, financial institutions, government organizations and other entities seeking to collect, disburse or manage payments. Its solutions include electronic bill payment, card processing, ACH payments and prepaid card programs, with an emphasis on integrated payment technology and related processing services.