DLocal (NASDAQ:DLO) Announces Quarterly Earnings Results

DLocal (NASDAQ:DLO) released its earnings results on Tuesday. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02, FiscalAI reports. The firm had revenue of $398.05 million for the quarter, compared to analysts’ expectations of $408.48 million. DLocal had a return on equity of 41.64% and a net margin of 15.04%.

DLocal Trading Down 1.9%

Shares of NASDAQ:DLO traded down $0.26 during trading on Thursday, hitting $13.70. 1,968,613 shares of the company were exchanged, compared to its average volume of 2,056,958. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 20.45 and a beta of 0.95. DLocal has a fifty-two week low of $10.64 and a fifty-two week high of $16.15. The firm has a fifty day moving average price of $14.41 and a two-hundred day moving average price of $13.54.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DLO. Truist Financial lowered their price objective on shares of DLocal from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. The Goldman Sachs Group increased their target price on shares of DLocal from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings cut shares of DLocal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, November 2nd. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

About DLocal

DLocal is a payments technology company that helps global businesses accept and send payments in emerging markets. Its platform connects merchants with local payment systems, allowing them to manage transactions across multiple countries through a single integration. The company’s services include payment collection, or pay-ins, and disbursements, or pay-outs. It supports local payment options such as cards, bank transfers, digital wallets and cash-based methods, helping businesses serve customers who may not use international payment networks.