$0.12 Earnings Per Share Expected for Square, Inc. (SQ) This Quarter

Equities research analysts expect Square, Inc. (NYSE:SQ) to report earnings of $0.12 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Square’s earnings, with estimates ranging from $0.11 to $0.15. Square posted earnings of ($0.04) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 400%. The firm is expected to issue its next quarterly earnings report on Wednesday, August 1st.

On average, analysts expect that Square will report full year earnings of $0.47 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.54. For the next financial year, analysts anticipate that the company will post earnings of $0.78 per share, with EPS estimates ranging from $0.69 to $0.92. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Square.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, May 2nd. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Square had a negative return on equity of 7.03% and a negative net margin of 2.96%. The business had revenue of $307.00 million for the quarter, compared to the consensus estimate of $293.07 million. During the same period in the prior year, the business earned $0.05 EPS. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis.

A number of research analysts recently weighed in on the company. Deutsche Bank upped their price target on Square from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Stifel Nicolaus raised Square from a “hold” rating to a “buy” rating and increased their price objective for the stock from $46.00 to $55.00 in a research note on Thursday, May 3rd. Susquehanna Bancshares increased their price objective on Square from $43.00 to $51.00 and gave the stock a “positive” rating in a research note on Monday, February 5th. Zacks Investment Research raised Square from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Monday, February 5th. Finally, Vetr raised Square from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $46.51.

Square traded up $0.77, reaching $56.32, during trading on Friday, Marketbeat reports. 148,602 shares of the stock were exchanged, compared to its average volume of 11,880,890. Square has a twelve month low of $21.93 and a twelve month high of $58.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $22.07 billion, a P/E ratio of -561.50 and a beta of 4.24.

In other Square news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $52.13, for a total transaction of $20,852,000.00. Following the completion of the transaction, the director now directly owns 468,020 shares of the company’s stock, valued at $24,397,882.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sarah Friar sold 39,200 shares of the stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $50.07, for a total value of $1,962,744.00. Following the transaction, the chief financial officer now directly owns 346,649 shares of the company’s stock, valued at $17,356,715.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,310,855 shares of company stock valued at $67,150,508. 27.99% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SQ. Dimensional Fund Advisors LP purchased a new stake in shares of Square during the third quarter worth $1,928,000. Bank of Montreal Can lifted its position in shares of Square by 14.6% during the fourth quarter. Bank of Montreal Can now owns 154,572 shares of the technology company’s stock worth $5,359,000 after acquiring an additional 19,720 shares in the last quarter. Creative Planning lifted its position in shares of Square by 67.2% during the fourth quarter. Creative Planning now owns 35,310 shares of the technology company’s stock worth $1,224,000 after acquiring an additional 14,192 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Square by 11.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 778,123 shares of the technology company’s stock worth $26,978,000 after acquiring an additional 82,116 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Square during the fourth quarter worth $139,000. 51.98% of the stock is owned by institutional investors and hedge funds.

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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