Paysafe (NYSE:PSFE) Releases Quarterly Earnings Results, Misses Expectations By $0.17 EPS

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

Paysafe Stock Down 3.1 %

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

Analysts Set New Price Targets

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

About Paysafe

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.