$0.08 Earnings Per Share Expected for Square, Inc. (SQ) This Quarter

Equities analysts expect Square, Inc. (NYSE:SQ) to report $0.08 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made 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 posted earnings per share of $0.06 during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The business is expected to announce its next earnings results after the market closes on Wednesday, May 1st.

According to Zacks, analysts expect that Square will report full year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.78. For the next financial year, analysts forecast that the business will post earnings of $1.11 per share, with EPS estimates ranging from $0.98 to $1.22. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Square.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, February 27th. The technology company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. 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 the consensus estimate of $453.88 million. During the same period last year, the firm earned $0.08 earnings per share. The company’s revenue for the quarter was up 64.0% compared to the same quarter last year.

A number of brokerages have commented on SQ. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Wednesday, January 9th. Macquarie assumed coverage on Square in a report on Wednesday, March 27th. They set an “outperform” rating and a $94.00 price target on the stock. Jefferies Financial Group lifted their price target on Square to $73.00 and gave the company a “hold” rating in a report on Thursday, February 28th. Tigress Financial reaffirmed a “buy” rating on shares of Square in a report on Wednesday, December 19th. Finally, Mizuho lifted their price target on Square from $75.00 to $85.00 in a report on Thursday, February 28th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $84.82.

SQ stock traded up $0.53 during midday trading on Thursday, reaching $75.27. The company had a trading volume of 605,760 shares, compared to its average volume of 8,745,364. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Square has a fifty-two week low of $43.72 and a fifty-two week high of $101.15. The company has a market cap of $31.37 billion, a P/E ratio of 3,775.00, a PEG ratio of 20.35 and a beta of 3.64.

In other Square news, insider Jacqueline D. Reses sold 15,000 shares of Square stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $70.85, for a total transaction of $1,062,750.00. Following the transaction, the insider now directly owns 405,252 shares in the company, valued at approximately $28,712,104.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Ajmere Dale sold 2,048 shares of Square stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $80.00, for a total transaction of $163,840.00. Following the transaction, the chief accounting officer now owns 79,985 shares in the company, valued at $6,398,800. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,256,126 shares of company stock worth $92,977,636. Corporate insiders own 27.99% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Legacy Advisors LLC acquired a new position in Square during the first quarter worth $27,000. Pearl River Capital LLC acquired a new position in Square during the fourth quarter worth $28,000. Johnson Financial Group Inc. acquired a new position in Square during the fourth quarter worth $28,000. TCI Wealth Advisors Inc. increased its position in Square by 171.5% during the fourth 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. Finally, Doyle Wealth Management acquired a new position in Square during the fourth quarter worth $29,000. Institutional investors and hedge funds own 52.15% of the company’s stock.

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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Earnings History and Estimates for Square (NYSE:SQ)

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