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EVO Payments announces $150M investment, suspends FY20 guidance » 20:12
03/29/20
03/29
20:12
03/29/20
20:12
EVOP

EVO Payments

$13.92 /

-1.57 (-10.14%)

EVO Payments announced…

EVO Payments announced that it has received a $150M investment from funds affiliated with Madison Dearborn Partners, a leading private equity firm that has been a significant shareholder of the company since 2012. MDP's added resources will strengthen EVO's financial profile and enable the company to remain focused on future strategic initiatives as it navigates the global COVID-19 pandemic. A portion of the proceeds from MDP's investment will be used to pay down EVO's revolver borrowings, reducing EVO's pro forma leverage ratio as of December 31, 2019 to 3.3-times net debt to Adjusted EBITDA. The remainder of the proceeds are expected to be used to fund potential future investment opportunities. EVO is also closely monitoring COVID-19 and its impact on the company's business. While EVO's global portfolio represents a diversified mix of merchants across Europe and North America, many of these merchants operate in markets that are subject to broad governmental restrictions on movement and commerce, resulting in substantial reductions in merchant transaction count and volumes. In response, EVO has taken significant and necessary steps to align its cost structure and cash flows with the expected near-term decline in revenues caused by COVID-19. These actions include a series of initiatives to reduce fixed costs up to 20% for the remainder of fiscal 2020 and lower capital expenditures by up to 75% over the same period. Such reductions will depend on the pace in which economic activity returns. Given the unknown duration and extent of COVID-19's impact on EVO's business, the company is suspending its 2020 annual guidance published on February 27, 2020.

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Over a week ago
Recommendations
EVO Payments price target lowered to $22 from $32 at BTIG » 08:16
03/20/20
03/20
08:16
03/20/20
08:16
EVOP

EVO Payments

$15.38 /

+2.97 (+23.93%)

BTIG analyst Mark Palmer…

BTIG analyst Mark Palmer lowered the firm's price target on EVO Payments to $22 from $32 but keeps a Buy rating on the shares. The analyst cites the management's analyst call indicating that the company's restaurants, fuel, and medical service related exposure is 5%-10% each in overall payment volume, with consumer goods/groceries at about 25% and travel/schools each below 1%. Palmer contends that EVO Payments current valuation is very attractive considering the company's ability to weather the impact of coronavirus.

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Conference/Events
BTIG payment processing analysts to hold analyst/industry conference call » 14:25
03/17/20
03/17
14:25
03/17/20
14:25
EVOP

EVO Payments

$15.69 /

-0.225 (-1.41%)

Analysts, along with Evo…

Analysts, along with Evo Payments, discuss the impact of the Coronavirus COVID-19 on European Payments on an Analyst/Industry conference call to be held on March 17 at 3 pm.

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Conference/Events
BTIG payment processing analysts to hold analyst/industry conference call » 04:55
03/17/20
03/17
04:55
03/17/20
04:55
EVOP

EVO Payments

$15.91 /

-3.87 (-19.57%)

Analysts, along with Evo…

Analysts, along with Evo Payments, discuss the impact of the Coronavirus COVID-19 on European Payments on an Analyst/Industry conference call to be held on March 17 at 3 pm.

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Conference/Events
BTIG payment processing analysts to hold analyst/industry conference call » 12:40
03/16/20
03/16
12:40
03/16/20
12:40
EVOP

EVO Payments

$16.63 /

-3.15 (-15.93%)

Analysts, along with Evo…

Analysts, along with Evo Payments, discuss the impact of the Coronavirus COVID-19 on European Payments on an Analyst/Industry conference call to be held on March 17 at 3 pm.

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Conference/Events
Wolfe Research to hold a forum » 04:55
03/11/20
03/11
04:55
03/11/20
04:55
ADP

ADP

$154.23 /

+3.43 (+2.27%)

, BAC

Bank of America

$23.61 /

+1.905 (+8.78%)

, BILL

Bill.com

$48.25 /

+3.38 (+7.53%)

, BKI

Black Knight

$66.02 /

+3.4 (+5.43%)

, BR

Broadridge

$99.51 /

+7.85 (+8.56%)

, CLGX

CoreLogic

$47.36 /

+0.51 (+1.09%)

, CUB

Cubic

$51.16 /

+2.94 (+6.10%)

, DXC

DXC Technology

$16.41 /

+0.76 (+4.86%)

, EEFT

Euronet

$106.16 /

+8.29 (+8.47%)

, EVOP

EVO Payments

$22.33 /

+0.53 (+2.43%)

, FIS

FIS

$140.85 /

+10.8 (+8.30%)

, FISV

Fiserv

$106.97 /

+6.8 (+6.79%)

, FLT

FleetCor

$237.87 /

+14.885 (+6.68%)

, GPN

Global Payments

$181.75 /

+16.88 (+10.24%)

, WEX

Wex

$149.01 /

+13.82 (+10.22%)

, V

Visa

$182.58 /

+11.66 (+6.82%)

, UEPS

Net 1 UEPS

$3.79 /

+0.375 (+11.00%)

, SF

Stifel Financial

$45.15 /

+2.52 (+5.91%)

, RJF

Raymond James

$72.05 /

+6.76 (+10.35%)

, QTWO

Q2 Holdings

$69.23 /

+1.42 (+2.09%)

, PYPL

PayPal

$109.72 /

+8.12 (+7.99%)

, PJT

PJT Partners

$41.22 /

+1.11 (+2.77%)

, PAYX

Paychex

$76.65 /

+4.11 (+5.67%)

, NCR

NCR Corp.

$21.88 /

+2.48 (+12.78%)

, MA

MasterCard

$280.28 /

+18.28 (+6.98%)

, LPLA

LPL Financial

$60.36 /

+4.11 (+7.31%)

, JKHY

Jack Henry

$163.40 /

+12.08 (+7.98%)

, WU

Western Union

$21.90 /

+1.75 (+8.68%)

, GS

Goldman Sachs

$184.61 /

+11.15 (+6.43%)

FinTech Forum 2020 to be…

FinTech Forum 2020 to be held in New York on March 9-11.

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Conference/Events
Wolfe Research to hold a forum » 04:55
03/10/20
03/10
04:55
03/10/20
04:55
ADP

ADP

$150.80 /

-8.37 (-5.26%)

, BAC

Bank of America

$21.70 /

-4 (-15.56%)

, BILL

Bill.com

$44.87 /

-8.63 (-16.13%)

, BKI

Black Knight

$62.62 /

-3.89 (-5.85%)

, BR

Broadridge

$91.66 /

-8.8 (-8.76%)

, CLGX

CoreLogic

$46.85 /

-3.51 (-6.97%)

, CUB

Cubic

$48.22 /

-4.54 (-8.61%)

, DXC

DXC Technology

$15.65 /

-3.38 (-17.76%)

, EEFT

Euronet

$97.87 /

-8.25 (-7.77%)

, EVOP

EVO Payments

$21.80 /

-0.98 (-4.30%)

, FIS

FIS

$130.05 /

-9.84 (-7.03%)

, FISV

Fiserv

$100.17 /

-6.65 (-6.23%)

, FLT

FleetCor

$222.98 /

-26.31 (-10.55%)

, GPN

Global Payments

$164.87 /

-14.62 (-8.15%)

, WEX

Wex

$135.19 /

-30.19 (-18.25%)

, V

Visa

$171.43 /

-12.9 (-7.00%)

, UEPS

Net 1 UEPS

$3.41 /

-0.14 (-3.94%)

, SF

Stifel Financial

$42.63 /

-7.53 (-15.01%)

, RJF

Raymond James

$65.29 /

-8.3 (-11.28%)

, QTWO

Q2 Holdings

$67.81 /

-1.84 (-2.64%)

, PYPL

PayPal

$101.53 /

-9.32 (-8.41%)

, PJT

PJT Partners

$40.11 /

-3.13 (-7.24%)

, PAYX

Paychex

$72.54 /

-4.94 (-6.38%)

, NCR

NCR Corp.

$19.40 /

-3.78 (-16.31%)

, MA

MasterCard

$262.66 /

-24.51 (-8.54%)

, LPLA

LPL Financial

$56.25 /

-10.25 (-15.41%)

, JKHY

Jack Henry

$151.32 /

-10.25 (-6.34%)

, WU

Western Union

$20.15 /

-2.17 (-9.72%)

, GS

Goldman Sachs

$173.46 /

-19.4 (-10.06%)

FinTech Forum 2020 to be…

FinTech Forum 2020 to be held in New York on March 9-11.

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Conference/Events
Wolfe Research to hold a forum » 08:30
03/09/20
03/09
08:30
03/09/20
08:30
ADP

ADP

$159.17 /

-1.71 (-1.06%)

, BAC

Bank of America

$25.70 /

-1.08 (-4.03%)

, BILL

Bill.com

$53.50 /

-4.95 (-8.47%)

, BKI

Black Knight

$66.51 /

-1.685 (-2.47%)

, BR

Broadridge

$100.46 /

-1.14 (-1.12%)

, CLGX

CoreLogic

$50.36 /

-1.12 (-2.18%)

, CUB

Cubic

$52.76 /

-2.925 (-5.25%)

, DXC

DXC Technology

$19.03 /

-0.94 (-4.71%)

, EEFT

Euronet

$106.12 /

-3.87 (-3.52%)

, EVOP

EVO Payments

$22.78 /

-0.99 (-4.16%)

, FIS

FIS

$139.89 /

-3.1 (-2.17%)

, FISV

Fiserv

$106.82 /

-2.53 (-2.31%)

, FLT

FleetCor

$249.29 /

-3.51 (-1.39%)

, GPN

Global Payments

$179.49 /

-6.17 (-3.32%)

, WEX

Wex

$165.38 /

-7.73 (-4.47%)

, V

Visa

$184.33 /

-2.45 (-1.31%)

, UEPS

Net 1 UEPS

$3.55 /

-0.13 (-3.53%)

, SF

Stifel Financial

$50.16 /

-1.58 (-3.05%)

, RJF

Raymond James

$73.59 /

-1.19 (-1.59%)

, QTWO

Q2 Holdings

$69.65 /

-3.045 (-4.19%)

, PYPL

PayPal

$110.85 /

-1.34 (-1.19%)

, PJT

PJT Partners

$43.24 /

-0.05 (-0.12%)

, PAYX

Paychex

$77.48 /

-1.88 (-2.37%)

, NCR

NCR Corp.

$23.18 /

-0.22 (-0.94%)

, MA

MasterCard

$287.17 /

-3.54 (-1.22%)

, LPLA

LPL Financial

$66.50 /

+0.31 (+0.47%)

, JKHY

Jack Henry

$161.57 /

-3.63 (-2.20%)

, WU

Western Union

$22.32 /

-0.06 (-0.27%)

, GS

Goldman Sachs

$192.86 /

-5.98 (-3.01%)

FinTech Forum 2020 to be…

FinTech Forum 2020 to be held in New York on March 9-11.

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03/08/13
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Over a month ago
Earnings
EVO Payments sees FY20 GAAP revenue $516M-$526M, consensus $646.48M » 07:08
02/27/20
02/27
07:08
02/27/20
07:08
EVOP

EVO Payments

$26.82 /

-0.65 (-2.37%)

The company said,…

The company said, "We are providing 2020 guidance that includes the adoption of ASC 606; going forward, we will report revenue on a basis that includes the adoption of ASC 606. We expect 2020 full-year GAAP revenue to range from $516 million to $526 million. On a constant currency basis, we expect revenue growth to be 7% to 9% over 2019 results. Pre-tax income, on a GAAP basis, is expected to range from $17 million to $22 million compared to a pre-tax loss of $19 million in 2019. Adjusted EBITDA is expected to be in the range of $173 million to $179 million, reflecting growth of 10% to 13% over currency-neutral 2019 adjusted EBITDA. The adjusted EBITDA margin is expected to range from 33.5% to 34.0%, reflecting expansion of 80 to 130 basis points over the 2019 currency-neutral adjusted EBITDA margin."

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Earnings
EVO Payments reports Q4 EPS (9c), consensus 19c » 07:06
02/27/20
02/27
07:06
02/27/20
07:06
EVOP

EVO Payments

$26.82 /

-0.65 (-2.37%)

Reports Q4 adj. revenue…

Reports Q4 adj. revenue $160M, consensus $159.51M. "We are pleased with our fourth quarter and 2019 financial results," said James G. Kelly, Chief Executive Officer of EVO. "Our 2019 results reflect the strong diversification and expanding distribution capabilities of our business. During 2019, we were able to increase our distribution and deliver growth via our international bank partnerships and our tech-enabled division across all markets. We augmented our ISV and B2B capabilities in 2019 through acquisitions in Mexico, the U.S., and Europe. We look forward to expanding our B2B, ISV, and international eCommerce businesses in 2020, as we continue to enable digital payments around the globe."

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