$0.21 Earnings Per Share Expected for PagSeguro Digital Ltd (PAGS) This Quarter

Wall Street brokerages expect PagSeguro Digital Ltd (NYSE:PAGS) to announce $0.21 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for PagSeguro Digital’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.22. The business is scheduled to announce its next quarterly earnings results on Thursday, November 29th.

On average, analysts expect that PagSeguro Digital will report full-year earnings of $0.80 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $0.84. For the next year, analysts anticipate that the firm will post earnings of $1.24 per share, with EPS estimates ranging from $1.15 to $1.32. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow PagSeguro Digital.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Thursday, August 30th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm had revenue of $279.20 million during the quarter, compared to analyst estimates of $248.46 million.

Several equities analysts have recently commented on PAGS shares. Zacks Investment Research cut shares of PagSeguro Digital from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. Deutsche Bank boosted their target price on shares of PagSeguro Digital from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, June 11th. Itau BBA Securities started coverage on shares of PagSeguro Digital in a research report on Friday, July 27th. They issued an “outperform” rating and a $37.00 target price for the company. Credit Suisse Group restated an “underperform” rating and issued a $34.00 target price on shares of PagSeguro Digital in a research report on Tuesday, June 19th. Finally, ValuEngine upgraded shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a research report on Wednesday, October 3rd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. PagSeguro Digital has a consensus rating of “Hold” and a consensus price target of $36.25.

Shares of NYSE:PAGS traded up $0.97 during midday trading on Monday, hitting $27.92. The stock had a trading volume of 4,700,900 shares, compared to its average volume of 3,049,819. The stock has a market capitalization of $3.41 billion and a PE ratio of 49.37. PagSeguro Digital has a fifty-two week low of $24.57 and a fifty-two week high of $39.97.

Hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new position in PagSeguro Digital during the 2nd quarter worth approximately $191,000. Partner Investment Management L.P. increased its position in PagSeguro Digital by 76.1% during 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 in the last quarter. Westfield Capital Management Co. LP acquired a new position in PagSeguro Digital during the 1st quarter worth approximately $253,000. Zions Bancorporation acquired a new position in PagSeguro Digital during the 2nd quarter worth approximately $256,000. Finally, JPMorgan Chase & Co. acquired a new position in PagSeguro Digital during the 1st quarter worth approximately $270,000.

About PagSeguro Digital

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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