worth buying post Earnings results? Priority Technology (NASDAQ:PRTH)

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Earnings results for Priority Technology (NASDAQ:PRTH)

Priority Technology Holdings, Inc. is expected* to report earnings on 11/12/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.15. The reported EPS for the same quarter last year was $-0.09.

Priority Technology last announced its quarterly earnings results on August 12th, 2020. The reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.09. The company had revenue of $92.36 million for the quarter, compared to the consensus estimate of $90 million. Priority Technology has generated ($0.50) earnings per share over the last year. Priority Technology has confirmed that its next quarterly earnings report will be published on Thursday, November 12th, 2020.

Analyst Opinion on Priority Technology (NASDAQ:PRTH)

1 Wall Street analysts have issued ratings and price targets for Priority Technology in the last 12 months. Their average twelve-month price target is $8.00, predicting that the stock has a possible upside of 191.97%. The high price target for PRTH is $8.00 and the low price target for PRTH is $8.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Priority Technology has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $8.00, Priority Technology has a forecasted upside of 192.0% from its current price of $2.74. Priority Technology has received no research coverage in the past 90 days.

Dividend Strength: Priority Technology (NASDAQ:PRTH)

Priority Technology does not currently pay a dividend. Priority Technology does not have a long track record of dividend growth.

Insiders buying/selling: Priority Technology (NASDAQ:PRTH)

In the past three months, Priority Technology insiders have sold 138.71% more of their company’s stock than they have bought. Specifically, they have bought $98,011.00 in company stock and sold $233,963.00 in company stock. 88.70% of the stock of Priority Technology is held by insiders. A high percentage of insider ownership can be a sign of company health. Only 5.72% of the stock of Priority Technology is held by institutions.

Earnings and Valuation of Priority Technology (NASDAQ:PRTH

Earnings for Priority Technology are expected to grow in the coming year, from ($0.46) to ($0.11) per share. The P/E ratio of Priority Technology is -6.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Priority Technology is -6.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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