$0.16 EPS Expected for Square, Inc. (NYSE:SQ) This Quarter

Equities research analysts forecast that Square, Inc. (NYSE:SQ) will post $0.16 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Square’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.17. Square posted earnings of $0.13 per share in the same quarter last year, which indicates a positive year over year growth rate of 23.1%. The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, August 1st.

On average, analysts expect that Square will report full-year earnings of $0.75 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.78. For the next year, analysts anticipate that the company will report earnings of $1.09 per share, with EPS estimates ranging from $0.94 to $1.19. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Square.

Square (NYSE:SQ) last posted its earnings results on Wednesday, May 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.09). Square had a negative net margin of 1.47% and a positive return on equity of 1.86%. The company had revenue of $489.00 million during the quarter, compared to analyst estimates of $479.63 million. During the same quarter last year, the business posted $0.06 EPS. Square’s quarterly revenue was up 59.3% compared to the same quarter last year.

SQ has been the subject of a number of recent research reports. Argus initiated coverage on Square in a research note on Monday, July 8th. They issued a “buy” rating and a $94.00 target price for the company. BMO Capital Markets lowered their target price on Square to $90.00 and set a “market perform” rating for the company in a research note on Friday, May 3rd. Raymond James upgraded Square from an “underperform” rating to a “market perform” rating and set a $74.15 target price for the company in a research note on Tuesday, July 9th. Citigroup set a $95.00 target price on Square and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Square presently has an average rating of “Buy” and a consensus price target of $87.21.

In other Square news, insider Alyssa Henry sold 20,000 shares of Square stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $64.20, for a total transaction of $1,284,000.00. Following the sale, the insider now owns 459,793 shares of the company’s stock, valued at approximately $29,518,710.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ajmere Dale sold 2,296 shares of Square stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $60.86, for a total value of $139,734.56. Following the sale, the insider now directly owns 79,725 shares in the company, valued at approximately $4,852,063.50. The disclosure for this sale can be found here. In the last three months, insiders sold 77,249 shares of company stock worth $5,486,225. Company insiders own 21.79% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Lenox Wealth Management Inc. acquired a new position in shares of Square in the 1st quarter valued at $25,000. Legacy Advisors LLC purchased a new stake in Square in the first quarter valued at approximately $27,000. FTB Advisors Inc. purchased a new stake in Square in the first quarter valued at approximately $27,000. Cullen Frost Bankers Inc. purchased a new stake in Square in the first quarter valued at approximately $28,000. Finally, Larson Financial Group LLC lifted its stake in Square by 130.7% in the second quarter. Larson Financial Group LLC now owns 376 shares of the technology company’s stock valued at $27,000 after buying an additional 213 shares during the last quarter. 52.06% of the stock is currently owned by institutional investors.

SQ stock opened at $80.41 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.91. Square has a 1 year low of $49.82 and a 1 year high of $101.15. The firm has a market capitalization of $33.92 billion, a price-to-earnings ratio of 4,020.50, a P/E/G ratio of 21.50 and a beta of 3.31. The company has a 50-day moving average of $76.20.

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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