Waystar (NASDAQ:WAY) Posts Earnings Results, Beats Estimates By $0.03 EPS

by · The Cerbat Gem

Waystar (NASDAQ:WAY – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03, Briefing.com reports. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $223.82 million. The business’s quarterly revenue was up 21.7% on a year-over-year basis. Waystar updated its FY24 guidance to $0.30-$0.32 EPS and its FY 2024 guidance to 0.300-0.320 EPS.

Waystar Stock Performance

WAY traded down $0.07 during trading on Friday, hitting $31.62. The stock had a trading volume of 2,218,007 shares, compared to its average volume of 879,283. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.15 and a quick ratio of 2.15. The stock has a 50 day simple moving average of $27.57. Waystar has a one year low of $20.26 and a one year high of $33.25.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Evercore ISI upped their price objective on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday. Canaccord Genuity Group lifted their price objective on Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group raised their target price on shares of Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, August 19th. Finally, Bank of America raised their price objective on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $31.90.

View Our Latest Stock Analysis on Waystar

Waystar Company Profile

(Get Free Report)

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.

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