Square, Inc. (SQ) to Release Earnings on Wednesday
Square, Inc. (NYSE:SQ) will be releasing its earnings data after the market closes on Wednesday, November 8th. Analysts expect Square to post earnings of $0.05 per share for the quarter.
Square (NYSE:SQ) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Square had a negative return on equity of 12.41% and a negative net margin of 4.13%. The firm had revenue of $240.00 million for the quarter, compared to the consensus estimate of $228.64 million. During the same quarter in the prior year, the business earned ($0.08) EPS. The business’s revenue for the quarter was up 40.4% compared to the same quarter last year. On average, analysts expect Square to post $-0.16 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Square, Inc. (SQ) opened at 37.19 on Wednesday. Square, Inc. has a 12-month low of $11.29 and a 12-month high of $37.44. The firm’s 50-day moving average price is $30.82 and its 200 day moving average price is $25.27. The firm’s market cap is $14.27 billion.
A number of analysts have weighed in on SQ shares. Vetr raised shares of Square from a “buy” rating to a “strong-buy” rating and set a $26.28 target price on the stock in a research note on Tuesday, July 4th. Citigroup Inc. boosted their target price on shares of Square from $23.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, July 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Square in a research note on Thursday, July 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.50 target price on shares of Square in a research note on Thursday, July 6th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Square in a research note on Tuesday, July 18th. Eleven research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $27.91.
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In other news, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $25.58, for a total transaction of $982,272.00. Following the transaction, the chief financial officer now owns 366,103 shares in the company, valued at $9,364,914.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $27.22, for a total transaction of $10,888,000.00. Following the transaction, the director now owns 507,385 shares in the company, valued at approximately $13,811,019.70. The disclosure for this sale can be found here. Insiders have sold 1,353,600 shares of company stock worth $38,351,040 in the last quarter. Company insiders own 32.68% of the company’s stock.
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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