Wall Street analysts forecast that PagSeguro Digital Ltd (NYSE:PAGS) will report $332.31 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for PagSeguro Digital’s earnings. The highest sales estimate is $335.23 million and the lowest is $328.66 million. PagSeguro Digital reported sales of $279.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 19%. The firm is scheduled to report its next earnings results on Thursday, August 29th.
According to Zacks, analysts expect that PagSeguro Digital will report full year sales of $1.44 billion for the current year, with estimates ranging from $1.43 billion to $1.46 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.80 billion, with estimates ranging from $1.77 billion to $1.83 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for PagSeguro Digital.
PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.76. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. PagSeguro Digital had a return on equity of 18.15% and a net margin of 23.00%. The company’s quarterly revenue was up 34.8% on a year-over-year basis.
A number of equities research analysts recently commented on the stock. HSBC assumed coverage on shares of PagSeguro Digital in a research report on Tuesday, May 7th. They issued a “reduce” rating and a $24.00 price objective for the company. KeyCorp raised their price objective on shares of PagSeguro Digital from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Zacks Investment Research downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Goldman Sachs Group assumed coverage on shares of PagSeguro Digital in a research report on Monday, June 10th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded shares of PagSeguro Digital from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $27.00 to $35.00 in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $32.47.
Several hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of PagSeguro Digital by 15.5% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,863 shares of the company’s stock valued at $85,000 after acquiring an additional 385 shares during the period. Jennison Associates LLC increased its stake in shares of PagSeguro Digital by 1.9% during the 4th quarter. Jennison Associates LLC now owns 36,011 shares of the company’s stock worth $674,000 after purchasing an additional 687 shares in the last quarter. Stifel Financial Corp increased its stake in shares of PagSeguro Digital by 2.4% during the 4th quarter. Stifel Financial Corp now owns 32,389 shares of the company’s stock worth $606,000 after purchasing an additional 750 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of PagSeguro Digital by 2.9% during the 1st quarter. Hsbc Holdings PLC now owns 30,387 shares of the company’s stock worth $907,000 after purchasing an additional 864 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of PagSeguro Digital during the 1st quarter worth approximately $28,000.
NYSE:PAGS traded down $1.31 during mid-day trading on Friday, reaching $35.54. The stock had a trading volume of 2,070,684 shares, compared to its average volume of 1,883,698. The company has a market cap of $12.08 billion, a P/E ratio of 40.39, a PEG ratio of 1.16 and a beta of 0.36. PagSeguro Digital has a twelve month low of $17.02 and a twelve month high of $37.06.
PagSeguro Digital Company Profile
PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.
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