Equities analysts predict that Square Inc (NYSE:SQ) will announce earnings of $0.06 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Square’s earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at $0.05. Square reported earnings of $0.05 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The business is scheduled to issue its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, 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 expect that the firm will report earnings of $0.72 per share, with EPS estimates ranging from $0.11 to $0.93. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Square.
Square (NYSE:SQ) last posted its quarterly earnings data on Tuesday, February 27th. The technology company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%. The company had revenue of $616.04 million during the quarter, compared to analysts’ expectations of $601.63 million.
In other Square news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $39.79, for a total value of $15,916,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ajmere Dale sold 1,451 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $40.00, for a total transaction of $58,040.00. Following the completion of the transaction, the insider now directly owns 109,586 shares in the company, valued at $4,383,440. The disclosure for this sale can be found here. Insiders sold 1,360,657 shares of company stock worth $62,384,945 over the last ninety days. Insiders own 32.68% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in shares of Square in the fourth quarter valued at $110,000. Harvest Fund Management Co. Ltd bought a new position in shares of Square in the fourth quarter valued at $131,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Square in the fourth quarter valued at $139,000. American International Group Inc. bought a new position in shares of Square in the fourth quarter valued at $200,000. Finally, Commerce Bank bought a new position in shares of Square in the fourth quarter valued at $201,000. 52.06% of the stock is currently owned by hedge funds and other institutional investors.
SQ opened at $49.20 on Friday. Square has a twelve month low of $16.66 and a twelve month high of $58.46. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. The firm has a market cap of $19,500.71, a PE ratio of -492.00 and a beta of 4.56.
Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.
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