Higher One Holdings Inc (ONE) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.10. The company posted revenue of $55.60 million in the period, compared to analysts expectations of $54.30 million. The company’s revenue was down -9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on Higher One Holdings Inc. Company shares were Reiterated by Compass Point on Feb 19, 2016 to “Neutral”, Firm has raised the Price Target to $ 4.50 from a previous price target of $3 .
Higher One Holdings Inc closed down -0.03 points or -0.79% at $3.75 with 91,497 shares getting traded on Wednesday. Post opening the session at $3.77, the shares hit an intraday low of $3.75 and an intraday high of $3.8 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Higher One Holdings Inc. is a provider of technology-based refund disbursement payment processing and data analytics services to higher education institutions and students. The Company offers products and services to two markets such as higher education institutions and students. For higher education institutions the Company offers Refund Management Disbursement Service CASHNet Payment Processing suite Campus Labs and Campus Solutions Suite. The Refund Management Disbursement Service facilitates the distribution of financial aid and other refunds to students. It offers payment transaction services through its CASHNet Payment Processing payment products. The Campus Labs data analytics suite offers platforms for assessment in higher education. The Campus Solutions Suite includes Campus Solutions NetPay and Campus Solutions Tuition Payment Plans. For students it offers OneAccounts an optional Federal Deposit Insurance Corporation (FDIC) insured online checking accounts.