$0.27 EPS expected for Square, Inc. (NYSE:SQ) this quarter

Brokers expect Square, Inc. (NYSE:SQ – Get Rating) to report earnings per share of $0.27 for the current quarter, according to Zacks Investment Research. Ten analysts released estimates for Square’s earnings, with estimates ranging from $0.13 to $0.54. Square reported earnings of $0.66 per share in the same quarter last year, which would suggest a negative 59.1% year-over-year growth rate. The company is expected to announce its next results on Monday, January 1.

According to Zacks, analysts expect Square to report annual earnings of $0.99 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $2.28. For the next fiscal year, analysts expect the company to post earnings of $1.61 per share, with EPS estimates ranging from $0.61 to $3.23. Zacks’ EPS calculations are an average average based on a survey of sell-side analysts who follow Square.

Square (NYSE:SQ – Get Rating) last released its results on Thursday, May 5. The tech company reported earnings per share (EPS) of $0.18 for the quarter, missing analyst consensus estimates of $0.20 per ($0.02). Square had a negative net margin of 0.46% and a positive return on equity of 1.62%. The company posted revenue of $3.96 billion in the quarter, compared to $4.14 billion expected by analysts. During the same quarter of the previous year, the company achieved EPS of $0.41. Square’s revenue for the quarter was down 21.7% year over year.

A number of research companies have weighed in on SQ recently. Canaccord Genuity Group reduced its target price on Square from $310.00 to $210.00 in a Friday, February 25 research report. Deutsche Bank Aktiengesellschaft cut its price target on Square shares from $210.00 to $180.00 and set a “buy” rating for the company in a Friday, Feb. 25 research note. Cowen reduced his target price on Square shares from $188.00 to $148.00 in a research note on Friday. BMO Capital Markets upgraded Square’s shares from a “market performer” rating to an “outperformer” rating in a Monday, Feb. 28 research note. Finally, Barclays reduced its target price on Square shares from $182.00 to $150.00 in a research note on Monday. One research analyst rated the stock with a sell rating, five gave the stock a hold rating, thirty-six gave the stock a buy rating, and one gave the stock a strong buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $196.16.

In other Square news, Chief Financial Officer Amrita Ahuja sold 2,680 shares of the company in a trade on Monday, April 4. The stock was sold at an average price of $141.79, for a total transaction of $379,997.20. Following the completion of the sale, the CFO now owns 121,461 shares of the company, valued at approximately $17,221,955.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, insider Brian Grassadonia sold 8,238 Square shares in a trade on Monday, February 28. The stock was sold at an average price of $119.91, for a total value of $987,818.58. The disclosure of this sale can be found here. Insiders sold a total of 19,783 shares of the company valued at $2,459,562 over the past ninety days. Insiders hold 15.12% of the shares of the company.

Several hedge funds and other institutional investors have recently changed their stock holdings. Cary Street Partners Investment Advisory LLC increased its position in Square shares by 6.2% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 862 shares of the technology company worth $207,000 after buying 50 additional shares during the period. EP Wealth Advisors LLC increased its position in Square shares by 3.4% in the third quarter. EP Wealth Advisors LLC now owns 1,596 shares of the technology company worth $383,000 after buying 53 additional shares during the period. Profund Advisors LLC increased its position in Square shares by 2.1% in the third quarter. Profund Advisors LLC now owns 2,711 shares of the technology company worth $650,000 after buying 55 additional shares during the period. Garde Capital Inc. increased its position in Square shares by 4.4% in the third quarter. Garde Capital Inc. now owns 1,399 shares of the technology company worth $336,000 after purchasing 59 additional shares during the period. Finally, Glassman Wealth Services increased its position in Square shares by 6.4% in the third quarter. Glassman Wealth Services now owns 1,015 shares of the technology company worth $243,000 after buying 61 additional shares during the period. Institutional investors hold 54.56% of the company’s shares.

Square stock opened at $96.19 on Monday. The company has a debt ratio of 1.38, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market capitalization of $55.80 billion, a price-earnings ratio of -641.22 and a beta of 2.38. Square has a one-year low of $82.72 and a one-year high of $289.23. The company’s fifty-day moving average price is $118.98 and its two-hundred-day moving average price is $151.14.

Square Company Profile (Get an evaluation)

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 a Magstripe reader, which enables transactions by swiping 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 swipe transactions of magnetic stripe cards; Square Stand, which allows an iPad to be used as a payment terminal or as a complete point-of-sale solution; and Square Register which combines its hardware, point-of-sale software and payment technology, as well as managed payment solutions.

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