PagSeguro Digital Ltd (PAGS) Forecasted to Earn FY2018 Earnings of $0.89 Per Share

PagSeguro Digital Ltd (NYSE:PAGS) – Equities research analysts at KeyCorp boosted their FY2018 earnings per share estimates for shares of PagSeguro Digital in a report released on Thursday, November 29th. KeyCorp analyst J. Beck now forecasts that the company will earn $0.89 per share for the year, up from their previous estimate of $0.85. KeyCorp has a “Overweight” rating and a $35.00 price objective on the stock. KeyCorp also issued estimates for PagSeguro Digital’s Q4 2018 earnings at $0.26 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $1.26 EPS.

PAGS has been the topic of several other research reports. Citigroup raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, November 27th. Zacks Investment Research raised shares of PagSeguro Digital from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, November 6th. Deutsche Bank dropped their price target on shares of PagSeguro Digital from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Finally, ValuEngine raised shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.75.

PagSeguro Digital stock opened at $24.00 on Monday. PagSeguro Digital has a 12-month low of $20.02 and a 12-month high of $39.97. The firm has a market cap of $2.95 billion and a P/E ratio of 42.11.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Thursday, August 30th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The firm had revenue of $279.20 million for the quarter, compared to analysts’ expectations of $248.46 million.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Partner Investment Management L.P. increased its position in shares of PagSeguro Digital by 76.1% in the 2nd quarter. Partner Investment Management L.P. now owns 8,981 shares of the company’s stock worth $249,000 after purchasing an additional 3,880 shares during the last quarter. Legal & General Group Plc increased its position in shares of PagSeguro Digital by 13.7% in the 3rd quarter. Legal & General Group Plc now owns 45,449 shares of the company’s stock worth $1,258,000 after purchasing an additional 5,464 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of PagSeguro Digital by 84.9% in the 2nd quarter. Pinnacle Associates Ltd. now owns 12,525 shares of the company’s stock worth $348,000 after purchasing an additional 5,750 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of PagSeguro Digital in the 2nd quarter worth about $191,000. Finally, Zions Bancorporation bought a new stake in shares of PagSeguro Digital in the 2nd quarter worth about $256,000.

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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Earnings History and Estimates for PagSeguro Digital (NYSE:PAGS)

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