SurgePays (SURG) Scheduled to Post Quarterly Earnings on Tuesday

SurgePays (NASDAQ:SURGGet Free Report) will be announcing its earnings results after the market closes on Tuesday, August 13th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter.

SurgePays (NASDAQ:SURGGet Free Report) last announced its earnings results on Monday, May 13th. The medical equipment provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.20). The company had revenue of $31.43 million for the quarter, compared to the consensus estimate of $32.40 million. SurgePays had a return on equity of 55.35% and a net margin of 12.93%. On average, analysts expect SurgePays to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SurgePays Trading Down 0.8 %

NASDAQ:SURG traded down $0.02 during trading hours on Friday, hitting $2.47. 41,904 shares of the company were exchanged, compared to its average volume of 476,029. The stock has a market capitalization of $47.94 million, a price-to-earnings ratio of 2.15, a price-to-earnings-growth ratio of 5.76 and a beta of 1.00. The company has a current ratio of 6.26, a quick ratio of 5.48 and a debt-to-equity ratio of 0.06. SurgePays has a one year low of $2.36 and a one year high of $9.23. The company has a fifty day simple moving average of $3.21 and a 200 day simple moving average of $4.58.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets lowered their target price on SurgePays from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Thursday, June 6th.

Get Our Latest Stock Analysis on SURG

Insider Transactions at SurgePays

In other news, CFO Anthony George Evers sold 36,667 shares of SurgePays stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $3.01, for a total value of $110,367.67. Following the completion of the transaction, the chief financial officer now directly owns 174,006 shares of the company’s stock, valued at approximately $523,758.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Kevin Brian Cox sold 20,915 shares of SurgePays stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $3.05, for a total value of $63,790.75. Following the completion of the transaction, the chief executive officer now directly owns 5,688,046 shares of the company’s stock, valued at approximately $17,348,540.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Anthony George Evers sold 36,667 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $3.01, for a total value of $110,367.67. Following the completion of the sale, the chief financial officer now owns 174,006 shares of the company’s stock, valued at $523,758.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,265 shares of company stock valued at $273,767. Corporate insiders own 29.40% of the company’s stock.

SurgePays Company Profile

(Get Free Report)

SurgePays, Inc, together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates through three segments: Mobile Virtual Network Operators, Comprehensive Platform Services, and Lead Generation. The company offers subsidized and non-subsidized mobile virtual network operators for internet connectivity through mobile broadband services to consumers; ACH banking relationships and fintech transactions platform to convenience stores; wireless top-up transactions and wireless product aggregation; and lead generation and case management solutions primarily to law firms in the mass tort industry, as well as call center activities.

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Earnings History for SurgePays (NASDAQ:SURG)

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