$0.21 EPS Expected for Square, Inc. (NYSE:SQ) This Quarter

Equities analysts expect that Square, Inc. (NYSE:SQ) will report earnings per share of $0.21 for the current quarter, Zacks reports. Seven analysts have made estimates for Square’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.16. Square posted earnings of $0.14 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The firm is expected to report its next quarterly 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 year, analysts anticipate that the firm will report earnings of $0.94 per share, with EPS estimates ranging from $0.80 to $1.17. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Square.

Square (NYSE:SQ) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.25 EPS for the quarter, beating 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 firm had revenue of $602.00 million for the quarter, compared to analyst estimates of $596.85 million. During the same period in the prior year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 39.7% on a year-over-year basis.

A number of research analysts have commented on SQ shares. Piper Jaffray Companies decreased their price objective on Square from $75.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Macquarie started coverage on Square in a report on Tuesday, November 26th. They issued an “outperform” rating and a $105.00 price objective on the stock. ValuEngine raised Square from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Morgan Stanley set a $74.00 price objective on Square and gave the company a “hold” rating in a report on Thursday, August 29th. Finally, Evercore ISI decreased their price objective on Square from $50.00 to $37.00 and set an “underperform” rating on the stock in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $72.17.

Shares of NYSE SQ opened at $64.80 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 1.68. The stock’s fifty day moving average price is $65.19 and its two-hundred day moving average price is $66.65. Square has a one year low of $49.82 and a one year high of $83.20. The firm has a market cap of $28.26 billion, a price-to-earnings ratio of 3,240.00, a P/E/G ratio of 16.16 and a beta of 3.37.

In related news, insider Jacqueline D. Reses sold 28,568 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $67.00, for a total transaction of $1,914,056.00. Following the completion of the sale, the insider now directly owns 253,035 shares in the company, valued at approximately $16,953,345. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jacqueline D. Reses sold 90,455 shares of the company’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 of the company’s stock, valued at $22,928,817.96. The disclosure for this sale can be found here. Corporate insiders own 21.79% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new position in Square in the third quarter valued at about $4,262,000. Metropolitan Life Insurance Co NY raised its position in Square by 15.9% in the third quarter. Metropolitan Life Insurance Co NY now owns 25,005 shares of the technology company’s stock valued at $1,549,000 after purchasing an additional 3,436 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new position in Square in the third quarter valued at about $8,874,000. Voloridge Investment Management LLC bought a new position in Square in the third quarter valued at about $2,641,000. Finally, IHT Wealth Management LLC bought a new position in Square in the third quarter valued at about $329,000. Institutional investors and hedge funds own 57.81% of the company’s stock.

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 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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