Brokerages expect that Usio (NASDAQ:USIO) will announce $7.58 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Usio’s earnings. The highest sales estimate is $7.96 million and the lowest is $7.20 million. Usio posted sales of $6.47 million in the same quarter last year, which would indicate a positive year over year growth rate of 17.2%. The firm is scheduled to report its next earnings report on Wednesday, November 13th.
On average, analysts expect that Usio will report full-year sales of $29.13 million for the current fiscal year, with estimates ranging from $28.20 million to $30.06 million. For the next fiscal year, analysts anticipate that the business will report sales of $36.07 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Usio.
Usio (NASDAQ:USIO) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). Usio had a negative net margin of 14.73% and a negative return on equity of 36.84%. The business had revenue of $7.16 million for the quarter, compared to analyst estimates of $7.03 million.
Several research analysts recently weighed in on the company. Barrington Research reaffirmed a “buy” rating and set a $5.00 target price on shares of Usio in a research note on Thursday. Zacks Investment Research upgraded Usio from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Finally, ValuEngine lowered Usio from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.
USIO stock traded up $0.02 during trading hours on Tuesday, hitting $2.78. Usio has a one year low of $1.38 and a one year high of $3.82. The stock has a market capitalization of $47.32 million, a price-to-earnings ratio of -8.97 and a beta of 1.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.07.
Usio Company Profile
Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH processing services include Represented Check, a consumer non-sufficient funds check that is represented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment, which is converted into an e-check.
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