Paysafe (NYSE:PSFE) Issues Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Paysafe (NYSE:PSFE) announced its quarterly earnings results on Tuesday. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.17), Zacks reports. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%.

Paysafe Trading Down 3.1 %

NYSE:PSFE opened at $19.19 on Tuesday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -50.50, a price-to-earnings-growth ratio of 0.48 and a beta of 1.89. Paysafe has a 52 week low of $11.94 and a 52 week high of $26.25. The firm has a 50-day moving average price of $18.80 and a two-hundred day moving average price of $20.22.

Analysts Set New Price Targets

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