PagSeguro Digital (NYSE:PAGS) Releases Earnings Results, Beats Expectations By $0.05 EPS

PagSeguro Digital (NYSE:PAGS) announced its earnings results on Friday. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05, Zacks reports. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The business had revenue of $875.27 million during the quarter, compared to the consensus estimate of $872.66 million.

PagSeguro Digital Price Performance

Shares of PAGS opened at $8.04 on Friday. PagSeguro Digital has a 1-year low of $6.11 and a 1-year high of $14.98. The company has a market capitalization of $2.65 billion, a P/E ratio of 6.64, a P/E/G ratio of 0.51 and a beta of 1.95. The firm’s 50 day simple moving average is $6.96 and its 200 day simple moving average is $8.37.

Wall Street Analysts Forecast Growth

PAGS has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Susquehanna reduced their price objective on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Finally, Citigroup reissued a “neutral” rating and issued a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.18.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a 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; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.