Square, Inc. (NYSE:SQ) Expected to Post Earnings of $0.21 Per Share

Analysts forecast that Square, Inc. (NYSE:SQ) will report earnings of $0.21 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Square’s earnings, with estimates ranging from $0.16 to $0.26. Square reported earnings of $0.14 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The company is expected to announce its next earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that Square will report full year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.73 to $0.81. For the next fiscal year, analysts expect that the business will post earnings of $0.94 per share, with EPS estimates ranging from $0.80 to $1.17. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Square.

Square (NYSE:SQ) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Square had a positive return on equity of 5.72% and a negative net margin of 1.01%. The company had revenue of $602.00 million during the quarter, compared to analysts’ expectations of $596.85 million. During the same period last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis.

Several analysts have recently commented on the company. Nomura assumed coverage on Square in a report on Friday, October 11th. They issued a “reduce” rating and a $49.00 price target for the company. Wells Fargo & Co raised Square from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Thursday, September 26th. Craig Hallum raised Square from a “sell” rating to a “hold” rating and raised their price objective for the company from $55.00 to $63.00 in a research note on Wednesday, September 18th. KeyCorp dropped their price objective on Square from $100.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Finally, ValuEngine raised Square from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $72.07.

Square stock traded up $1.04 during mid-day trading on Monday, reaching $65.74. 508,253 shares of the company were exchanged, compared to its average volume of 8,520,914. Square has a twelve month low of $49.82 and a twelve month high of $83.20. The firm’s 50-day simple moving average is $61.89 and its two-hundred day simple moving average is $66.62. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $27.07 billion, a PE ratio of 3,287.00, a price-to-earnings-growth ratio of 15.48 and a beta of 3.38.

In other news, CAO Ajmere Dale sold 2,048 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $62.47, for a total transaction of $127,938.56. Following the sale, the chief accounting officer now owns 64,050 shares in the company, valued at $4,001,203.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jacqueline D. Reses sold 90,455 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $62.28, for a total value of $5,633,537.40. Following the sale, the insider now owns 368,157 shares in the company, valued at approximately $22,928,817.96. The disclosure for this sale can be found here. Insiders have sold 112,503 shares of company stock worth $6,966,676 in the last 90 days. Insiders own 21.79% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Enterprise Trust & Investment Co acquired a new position in Square in the second quarter valued at $25,000. Larson Financial Group LLC lifted its stake in shares of Square by 130.7% during the second quarter. Larson Financial Group LLC now owns 376 shares of the technology company’s stock worth $27,000 after purchasing an additional 213 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Square by 78.4% during the second quarter. Benjamin Edwards Inc. now owns 512 shares of the technology company’s stock worth $37,000 after purchasing an additional 225 shares in the last quarter. Atlantic Trust LLC lifted its stake in shares of Square by 38.9% during the second quarter. Atlantic Trust LLC now owns 521 shares of the technology company’s stock worth $38,000 after purchasing an additional 146 shares in the last quarter. Finally, Commonwealth Bank of Australia lifted its stake in shares of Square by 62.5% during the second quarter. Commonwealth Bank of Australia now owns 538 shares of the technology company’s stock worth $38,000 after purchasing an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

About Square

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

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