Today’s Hot Stock under Review: EVO Payments, Inc. (NASDAQ: EVOP)

On Wednesday, EVO Payments, Inc. stock identified change of 25.77% away from 52-week low price and recently located move of -14.09% off 52-week high price. It has market worth of $2247.07M and dividend yield of # ref. EVOP stock has been recorded -3.78% away from 50 day moving average and -3.51% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.40% off 20-day moving average.

EVO Payments, Inc. (EVOP) recently reported its third quarter 2019 financial results. For the third quarter ended September 30, 2019, stated revenue was $122.4M, contrast to $144.8M in the previous year, which reflects the adoption of Accounting Standards Codification Topic 606, Revenue from Contracts with Consumers (“ASC 606”), effective January 1, 2019. Adjusted revenue for the third quarter was $152.6M, contrast to $144.8M in the previous year, a raise of 5%. On a currency neutral basis, adjusted revenue for the third quarter increased 8%.  On a GAAP basis for the third quarter, net loss was $5.0M or a loss of $0.05 per share, basic and diluted, attributable to EVO Payments, Inc. Adjusted EBITDA increased 10% to $42.2M for the quarter, contrast to $38.4M in the previous year. On a currency-neutral basis, adjusted EBITDA grew 13% over the previous year.

Outlook
“Based on our financial performance in the nine months ended September 30, 2019, and our outlook for the remainder of the year, we are providing an update to our 2019 guidance,” stated James G. Kelly, Chief Executive Officer of EVO. We now expect stated revenue with the impact of ASC 606 to range from $486M to $490M. On an adjusted basis, adding back the impact of ASC 606, we now expect revenue to range from $596M to $600M for growth of 5% to 6% over 2018. On a currency neutral basis, we now expect adjusted revenue to grow 8% to 9% contrast to 2018 results.

Net loss is predictable to be in a range of $18M to $13M contrast to a net loss of $99M in 2018. Adjusted EBITDA is predictable to be in a range of $159M to $163M, reflecting growth of 7% to 10% over 2018 adjusted EBITDA or 10% to 13% on a currency-neutral basis. Net loss per share attributable to EVO on a GAAP basis is now predictable to be 19 cents to 15 cents, contrast to a net loss per share attributable to EVO of 70 cents in 2018. Pro forma adjusted net income per share is now predictable to be in the range of 58 cents to 61 cents, reflecting growth of 12% to 17%. These numbers are calculated based on a pro forma share count of 86.2M shares, which includes all share classes.”

The Technology sector company, EVO Payments, Inc. noticed change of -0.54% to $27.43 along volume of 323594 shares in recent session compared to an average volume of 391.47K. The stock observed return of -6.41% in 5 days trading activity. The stock was at 1.63% over one-month performance. EVOP’s shares are at -9.08% for the quarter and driving a 10.74% return over the course of the past year and is now at 11.19% since this point in 2018.   The average volatility for the week at 3.47% and for month was at 2.62%. There are 81.92M shares outstanding and 35.68M shares are floated in market.

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