Wall Street analysts expect that Square Inc (NYSE:SQ) will post $0.06 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Square’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.10. Square posted earnings of $0.05 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The firm is scheduled to report its next 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 financial year, with EPS estimates ranging from $0.43 to $0.49. For the next fiscal year, analysts forecast that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.11 to $0.93. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Square.
Square (NYSE:SQ) last announced 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 return on equity of 6.60% and a negative net margin of 2.84%. The company had revenue of $616.04 million for the quarter, compared to analyst estimates of $601.63 million.
Shares of NYSE:SQ traded up $0.09 during trading on Friday, hitting $47.67. 10,469,315 shares of the stock were exchanged, compared to its average volume of 15,725,507. Square has a 1-year low of $16.66 and a 1-year high of $58.46. The firm has a market capitalization of $18,898.25, a PE ratio of -477.55 and a beta of 4.21. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.46.
In other Square news, insider Hillary B. Smith sold 21,383 shares of the business’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $54.17, for a total value of $1,158,317.11. Following the transaction, the insider now owns 469,814 shares of the company’s stock, valued at $25,449,824.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ajmere Dale sold 1,451 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $40.00, for a total value of $58,040.00. Following the completion of the transaction, the insider now directly owns 109,586 shares in the company, valued at approximately $4,383,440. The disclosure for this sale can be found here. In the last three months, insiders sold 1,374,106 shares of company stock worth $63,046,874. Insiders own 32.68% of the company’s stock.
A number of institutional investors have recently bought and sold shares of SQ. Strs Ohio bought a new stake in shares of Square during the fourth quarter worth $110,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Square during the fourth quarter worth $131,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Square during the fourth quarter worth $139,000. American International Group Inc. bought a new stake in shares of Square during the fourth quarter worth $200,000. Finally, Commerce Bank bought a new stake in shares of Square during the fourth quarter worth $201,000. 52.06% of the stock is currently owned by institutional investors.
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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