$0.06 Earnings Per Share Expected for Square, Inc. (SQ) This Quarter

Brokerages expect that Square, Inc. (NYSE:SQ) will report earnings of $0.06 per share for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Square’s earnings, with estimates ranging from $0.05 to $0.10. Square posted earnings of $0.05 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, May 2nd.

On average, analysts expect that Square will report full year earnings of $0.46 per share for the current year, with EPS estimates ranging from $0.43 to $0.49. For the next year, analysts anticipate that the company will post earnings of $0.73 per share, with EPS estimates ranging from $0.11 to $0.93. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Square.

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Square (NYSE:SQ) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $616.04 million during the quarter, compared to analyst estimates of $601.63 million. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%.

SQ has been the subject of several recent research reports. Morgan Stanley upped their price target on shares of Square from $26.00 to $40.00 and gave the stock a “hold” rating in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Buckingham Research initiated coverage on shares of Square in a research report on Thursday, January 4th. They set a “buy” rating and a $42.00 price target for the company. Barclays restated a “buy” rating and set a $43.00 price target on shares of Square in a research report on Friday, January 5th. Stephens restated a “buy” rating and set a $41.00 price target on shares of Square in a research report on Wednesday, January 10th. Finally, Nomura restated a “buy” rating and set a $64.00 price target (up previously from $48.00) on shares of Square in a research report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have issued a buy rating to the company. Square presently has a consensus rating of “Buy” and a consensus target price of $43.85.

Square stock opened at $47.99 on Monday. The stock has a market cap of $18,826.91, a PE ratio of -479.90 and a beta of 4.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 1.83. Square has a one year low of $16.82 and a one year high of $58.46.

In other Square news, insider Ajmere Dale sold 5,272 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $49.07, for a total transaction of $258,697.04. Following the sale, the insider now owns 106,533 shares in the company, valued at approximately $5,227,574.31. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jacqueline D. Reses sold 15,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $45.18, for a total value of $677,700.00. Following the sale, the insider now owns 599,961 shares in the company, valued at approximately $27,106,237.98. The disclosure for this sale can be found here. Insiders sold a total of 1,372,655 shares of company stock valued at $62,988,834 over the last three months. 32.68% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SQ. Legal & General Group Plc raised its holdings in Square by 25.2% during the 3rd quarter. Legal & General Group Plc now owns 99,488 shares of the technology company’s stock worth $2,866,000 after buying an additional 20,036 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Square by 1,407.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 696,007 shares of the technology company’s stock valued at $20,052,000 after purchasing an additional 649,841 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Square in the 3rd quarter valued at about $1,928,000. Stifel Financial Corp increased its holdings in shares of Square by 25.0% in the 3rd quarter. Stifel Financial Corp now owns 42,648 shares of the technology company’s stock valued at $1,228,000 after purchasing an additional 8,540 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Square by 14.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 36,850 shares of the technology company’s stock valued at $1,052,000 after purchasing an additional 4,557 shares during the period. Hedge funds and other institutional investors own 52.42% of the company’s stock.

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Square Company Profile

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 Europay, MasterCard, and Visa (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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Earnings History and Estimates for Square (NYSE:SQ)

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