$0.08 EPS Expected for Square, Inc. (SQ) This Quarter

Analysts expect that Square, Inc. (NYSE:SQ) will announce earnings per share (EPS) of $0.08 for the current quarter, Zacks reports. Six analysts have provided estimates for Square’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.06. Square reported earnings per share of $0.06 in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The company is expected to announce its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that Square will report full-year earnings of $0.74 per share for the current financial year, with EPS estimates ranging from $0.65 to $0.78. For the next fiscal year, analysts forecast that the firm will report earnings of $1.12 per share, with EPS estimates ranging from $0.98 to $1.22. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Square.

Square (NYSE:SQ) last issued its earnings results on Wednesday, February 27th. The technology company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Square had a positive return on equity of 0.86% and a negative net margin of 1.17%. The business had revenue of $464.00 million during the quarter, compared to analyst estimates of $453.88 million. During the same period in the previous year, the company posted $0.08 EPS. The firm’s revenue was up 64.0% compared to the same quarter last year.

A number of brokerages recently commented on SQ. KeyCorp decreased their target price on Square from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, February 28th. Mizuho boosted their target price on Square from $75.00 to $85.00 in a research report on Thursday, February 28th. Jefferies Financial Group boosted their target price on Square to $73.00 and gave the company a “hold” rating in a research report on Thursday, February 28th. SunTrust Banks boosted their target price on Square to $75.00 and gave the company a “hold” rating in a research report on Thursday, February 28th. Finally, Piper Jaffray Companies boosted their target price on Square to $76.00 and gave the company a “neutral” rating in a research report on Thursday, February 28th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $83.83.

In other news, insider Alyssa Henry sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $60.01, for a total value of $3,000,500.00. Following the transaction, the insider now owns 429,153 shares in the company, valued at approximately $25,753,471.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Dorsey sold 103,035 shares of the business’s stock in a transaction that occurred on Wednesday, December 26th. The stock was sold at an average price of $51.57, for a total value of $5,313,514.95. The disclosure for this sale can be found here. Insiders sold a total of 1,424,161 shares of company stock worth $97,247,689 in the last 90 days. Company insiders own 27.99% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pearl River Capital LLC purchased a new position in shares of Square in the 4th quarter worth approximately $28,000. Johnson Financial Group Inc. purchased a new position in shares of Square in the 4th quarter worth approximately $28,000. TCI Wealth Advisors Inc. boosted its stake in shares of Square by 171.5% in the 4th quarter. TCI Wealth Advisors Inc. now owns 524 shares of the technology company’s stock worth $29,000 after buying an additional 331 shares during the last quarter. Doyle Wealth Management purchased a new position in shares of Square in the 4th quarter worth approximately $29,000. Finally, Rehmann Capital Advisory Group boosted its stake in shares of Square by 70.4% in the 4th quarter. Rehmann Capital Advisory Group now owns 588 shares of the technology company’s stock worth $33,000 after buying an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Shares of Square stock opened at $76.65 on Tuesday. Square has a one year low of $43.72 and a one year high of $101.15. The stock has a market capitalization of $32.17 billion, a P/E ratio of 3,832.50, a PEG ratio of 22.13 and a beta of 3.68. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 2.07.

About Square

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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