$31.03 Million in Sales Expected for Repay Holdings Corporation (NASDAQ:RPAY) This Quarter

Equities analysts expect Repay Holdings Corporation (NASDAQ:RPAY) to post sales of $31.03 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Repay’s earnings. The lowest sales estimate is $28.40 million and the highest is $33.86 million. The firm is expected to report its next earnings results on Monday, August 10th.

According to Zacks, analysts expect that Repay will report full-year sales of $149.06 million for the current year, with estimates ranging from $141.50 million to $162.04 million. For the next fiscal year, analysts forecast that the firm will post sales of $182.85 million, with estimates ranging from $167.60 million to $210.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Repay.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $39.46 million for the quarter, compared to analyst estimates of $37.86 million. Repay’s revenue was up 71.4% compared to the same quarter last year.

Several analysts have weighed in on RPAY shares. Keefe, Bruyette & Woods boosted their price target on shares of Repay from $20.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Credit Suisse Group boosted their price target on shares of Repay from $17.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, June 12th. Northland Securities started coverage on shares of Repay in a research note on Friday. They issued a “buy” rating and a $28.00 price target for the company. Cantor Fitzgerald boosted their price target on shares of Repay from $18.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Canaccord Genuity upped their price objective on shares of Repay from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Repay presently has a consensus rating of “Buy” and a consensus price target of $26.44.

NASDAQ:RPAY traded down $0.63 during midday trading on Thursday, hitting $24.63. The company had a trading volume of 1,085,707 shares, compared to its average volume of 741,179. Repay has a 52-week low of $10.21 and a 52-week high of $27.93. The stock’s fifty day moving average price is $23.33 and its 200-day moving average price is $17.86. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.53.

In related news, VP Thomas Eugene Sullivan sold 28,145 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $23.45, for a total transaction of $660,000.25. Following the completion of the transaction, the vice president now owns 69,099 shares of the company’s stock, valued at $1,620,371.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Herman Hartheimer sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $18.37, for a total value of $183,700.00. The disclosure for this sale can be found here. Corporate insiders own 16.54% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in RPAY. UBS Group AG raised its stake in shares of Repay by 32.0% during the 1st quarter. UBS Group AG now owns 2,640 shares of the company’s stock worth $38,000 after purchasing an additional 640 shares in the last quarter. Swiss National Bank raised its stake in shares of Repay by 1.7% during the 1st quarter. Swiss National Bank now owns 61,200 shares of the company’s stock worth $878,000 after purchasing an additional 1,000 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of Repay during the 4th quarter valued at about $33,000. Tower Research Capital LLC TRC increased its holdings in shares of Repay by 134.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 5,544 shares of the company’s stock valued at $65,000 after acquiring an additional 3,179 shares during the last quarter. Finally, Citigroup Inc. acquired a new position in shares of Repay during the 4th quarter valued at about $64,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Repay Company Profile

Repay Holdings Corporation provides integrated payment processing solutions in the United States. The company offers credit and debit card processing, automated clearing house processing, and funding solutions. It primarily serves clients in consumer finance, automotive, receivables management, and healthcare sectors, as well as financial institutions.

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Earnings History and Estimates for Repay (NASDAQ:RPAY)

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