Zacks: Analysts Expect Paya Holdings Inc. (NASDAQ:PAYA) Will Post Quarterly Sales of $63.68 Million

Equities analysts expect that Paya Holdings Inc. (NASDAQ:PAYA) will report sales of $63.68 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Paya’s earnings, with estimates ranging from $63.10 million to $64.30 million. The company is expected to announce its next earnings report on Wednesday, October 13th.

According to Zacks, analysts expect that Paya will report full-year sales of $247.56 million for the current fiscal year, with estimates ranging from $246.00 million to $249.10 million. For the next year, analysts expect that the business will report sales of $281.50 million, with estimates ranging from $277.80 million to $285.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Paya.

Paya (NASDAQ:PAYA) last posted its quarterly earnings results on Friday, August 6th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03.

PAYA has been the topic of a number of recent analyst reports. Truist Securities initiated coverage on shares of Paya in a report on Monday, June 28th. They set a “buy” rating and a $15.00 price target on the stock. Zacks Investment Research cut shares of Paya from a “buy” rating to a “hold” rating in a report on Tuesday, August 31st. BTIG Research restated a “buy” rating and issued a $18.00 target price on shares of Paya in a report on Friday, August 6th. Cantor Fitzgerald initiated coverage on shares of Paya in a report on Thursday, June 24th. They issued an “overweight” rating and a $14.00 target price on the stock. Finally, Truist initiated coverage on shares of Paya in a report on Monday, June 28th. They issued a “buy” rating and a $15.00 target price on the stock. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Paya presently has a consensus rating of “Buy” and a consensus target price of $14.20.

Shares of NASDAQ:PAYA traded down $0.03 during trading on Friday, reaching $10.92. 31,493 shares of the stock traded hands, compared to its average volume of 1,295,475. The stock has a 50-day moving average of $10.77 and a two-hundred day moving average of $10.93. Paya has a 52-week low of $8.99 and a 52-week high of $15.00. The stock has a market cap of $1.39 billion, a P/E ratio of 22.71 and a beta of 0.03.

Institutional investors have recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in shares of Paya during the 1st quarter worth $31,000. Ameritas Investment Partners Inc. purchased a new position in shares of Paya during the 2nd quarter worth $71,000. Wolverine Asset Management LLC purchased a new position in shares of Paya during the 1st quarter worth $76,000. Financial Architects Inc purchased a new position in shares of Paya during the 2nd quarter worth $116,000. Finally, Credit Suisse AG purchased a new position in shares of Paya during the 1st quarter worth $118,000.

Paya Company Profile

Paya Holdings Inc, through its subsidiaries, provides integrated payment and commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiency. The company through two segments, Integrated Solutions and Payment Services. It processes payments through credit and debit card, ACH, and check payment processing solutions.

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Earnings History and Estimates for Paya (NASDAQ:PAYA)

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