Zacks: Analysts expect Nuvei Corporation (NASDAQ:NVEI) to post earnings of $0.42 per share

Analysts expect Nuvei Corporation (NASDAQ:NVEI – Get a rating) to report earnings per share of $0.42 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have released earnings estimates for Nuvei. The highest EPS estimate is $0.42 and the lowest is $0.41. The company is due to release its next earnings report on Tuesday, June 14.

According to Zacks, analysts expect Nuvei to report full year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $2.14. For the next fiscal year, analysts expect the company to report earnings of $2.75 per share, with EPS estimates ranging from $2.60 to $2.89. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of research firms that provide coverage for Nuvei.

Several analysts have weighed in on NVEI shares. BMO Capital Markets upgraded Nuvei from a “market performance” rating to an “outperform” rating and set a target price of $114.00 for the stock in a Thursday, Dec. 9 research note. Canaccord Genuity Group lowered its price target on Nuvei from $140.00 to $110.00 in a Tuesday, January 25 research note. Zacks Investment Research downgraded Nuvei from a “hold” rating to a “sell” rating in a research note on Tuesday, January 25. Credit Suisse Group lowered its price target on Nuvei from $125.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Canaccord Genuity Group reduced its target price on Nuvei from $140.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 25. One research analyst has assigned the stock a sell rating, another has issued a hold rating and nine have assigned the stock a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $106.10.

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NASDAQ: NVEI was down $0.18 in Friday’s midday session, hitting $56.57. 2,566 shares of the company were traded, against an average volume of 412,932. Nuvei has a 12-month low of $43.10 and a 12-month high of $140.23. The company has a debt ratio of 0.32, a current ratio of 1.29 and a quick ratio of 1.29. The company has a fifty-day moving average of $59.07.

Several hedge funds have recently increased or reduced their holdings in NVEI. Cubist Systematic Strategies LLC acquired a new stake in Nuvei during Q4 valued at approximately $73,000. Ensign Peak Advisors Inc acquired a new stake in Nuvei during Q4 valued at approximately $123,000. Westpac Banking Corp acquired a new stake in Nuvei during the 4th quarter for a value of approximately $132,000. DekaBank Deutsche Girozentrale bought a new stake in Nuvei during the 4th quarter for a value of approximately $143,000. Finally, Tortoise Index Solutions LLC purchased a new stake in Nuvei during Q4 for approximately $150,000. Institutional investors hold 4.09% of the company’s shares.

Nuvei Company Profile (Get a rating)

Nuvei Corporation is a payment technology partner of successful brands. It provides intelligence and technology companies. Nuvei Corporation is based in MONTREAL.

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