Paysafe (NYSE:PSFE) Releases Quarterly Earnings Results

Paysafe (NYSE:PSFE) announced its quarterly earnings results on Tuesday. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17), Zacks reports. The company had revenue of $420.07 million during the quarter, compared to analyst estimates of $437.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%.

Paysafe Trading Down 18.5 %

Shares of NYSE:PSFE opened at $15.66 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. Paysafe has a 12-month low of $11.94 and a 12-month high of $26.25. The stock has a 50 day moving average of $18.76 and a 200 day moving average of $20.18. The company has a market cap of $951.83 million, a PE ratio of -41.22, a price-to-earnings-growth ratio of 0.48 and a beta of 1.89.

Analyst Ratings Changes

Several brokerages have weighed in on PSFE. Susquehanna dropped their target price on Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. UBS Group upped their price target on Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada dropped their price target on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th.

Paysafe Company Profile

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.