Planet Payment Inc (PLPM) EPS Estimated At $0.05

October 13, 2017 - By Darrin Black

 Planet Payment Inc (PLPM) EPS Estimated At $0.05
Investors sentiment decreased to 1.34 in Q2 2017. Its down 0.54, from 1.88 in 2017Q1. It dropped, as 10 investors sold Planet Payment Inc shares while 22 reduced holdings. 21 funds opened positions while 22 raised stakes. 20.15 million shares or 8.79% less from 22.09 million shares in 2017Q1 were reported.
Wells Fargo & Com Mn has invested 0% in Planet Payment Inc (NASDAQ:PLPM). Northern Tru Corporation has 0% invested in Planet Payment Inc (NASDAQ:PLPM) for 463,164 shares. Fmr Ltd Liability Corp reported 0% stake. 10,000 were reported by Baxter Bros. Rbf Capital Ltd Liability Company, a California-based fund reported 75,714 shares. Vanguard Grp holds 0% or 1.46 million shares. Parametric Port Associate Limited Co, a Washington-based fund reported 20,656 shares. 11,865 are held by Principal Finance Grp Inc. American Intl Grp invested in 0% or 26,188 shares. Connecticut-based Paw Capital Corp has invested 2.05% in Planet Payment Inc (NASDAQ:PLPM). Connors Investor Svcs Incorporated has 40,000 shares for 0.02% of their portfolio. Wellington Gp Llp holds 0% or 1.56 million shares in its portfolio. Cortina Asset Mgmt Ltd Liability Corporation has 1.37M shares for 0.19% of their portfolio. Blackrock reported 2.68 million shares. Pennsylvania-based Susquehanna Grp Limited Liability Partnership has invested 0% in Planet Payment Inc (NASDAQ:PLPM).

Investors wait Planet Payment Inc (NASDAQ:PLPM) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.05 earnings per share, up $0.01 or 25.00 % from last year’s $0.04 same quarter earnings. This translates into $2.49 million profit for PLPM giving the stock a 21.10 P/E. This is assuming the current $0.05 EPS is accurate. Planet Payment Inc’s Wall Street analysts see 25.00 % EPS growth, taking into account the $0.04 EPS reproted in the previous quarter, The stock decreased 1.40% or $0.06 during the last trading session, reaching $4.22. About 121,901 shares traded. Planet Payment Inc (NASDAQ:PLPM) has declined 15.44% since October 13, 2016 and is downtrending. It has underperformed by 32.14% the S&P500.

Planet Payment Inc (NASDAQ:PLPM) Ratings Coverage

Among 2 analysts covering Planet Payment (NASDAQ:PLPM), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Planet Payment had 4 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 9 by Northland Capital. Zacks upgraded Planet Payment Inc (NASDAQ:PLPM) on Thursday, August 6 to “Hold” rating. Northland Capital maintained Planet Payment Inc (NASDAQ:PLPM) rating on Wednesday, October 11. Northland Capital has “Buy” rating and $4.5 target. Ladenburg Thalmann initiated Planet Payment Inc (NASDAQ:PLPM) on Monday, July 11 with “Buy” rating.

Planet Payment, Inc. is a provider of international payment and transaction processing and multi-currency processing services. The company has market cap of $210.53 million. The Firm operates through two divisions: multi-currency processing services and payment processing services. It has a 9.18 P/E ratio. The Company’s multi-currency processing services segment includes Pay In Your Currency, Multi-Currency Pricing and Dynamic Currency Conversion at automated teller machines, enable merchants to offer customized pricing in multiple currencies.

More notable recent Planet Payment Inc (NASDAQ:PLPM) news were published by: Globenewswire.com which released: “Planet Payment® to Announce Q1 Results on May 9, 2017” on April 25, 2017, also Globenewswire.com with their article: “Russian Standard Bank and Planet Payment Announce Launch of Pay in Your Currency®” published on October 02, 2017, Globenewswire.com published: “Planet Payment Announces Exploration of Strategic Alternatives” on August 08, 2017. More interesting news about Planet Payment Inc (NASDAQ:PLPM) were released by: Seekingalpha.com and their article: “Planet Payment’s (PLPM) CEO Carl Williams on Q1 2017 Results – Earnings Call …” published on May 10, 2017 as well as Globenewswire.com‘s news article titled: “PSP Card Services and Planet Payment Launch Pay in Your Currency® and Multi …” with publication date: August 16, 2017.

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