Wall Street analysts expect Square Inc (NYSE:SQ) to post $601.79 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Square’s earnings, with the highest sales estimate coming in at $612.34 million and the lowest estimate coming in at $591.70 million. Square posted sales of $451.92 million in the same quarter last year, which suggests a positive year-over-year growth rate of 33.2%. The firm is expected to announce its next earnings report on Wednesday, February 28th.

On average, analysts expect that Square will report full year sales of $601.79 million for the current year, with estimates ranging from $2.19 billion to $2.21 billion. For the next financial year, analysts expect that the company will report sales of $2.82 billion per share, with estimates ranging from $2.73 billion to $2.90 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Square.

Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The business had revenue of $257.12 million for the quarter, compared to the consensus estimate of $244.95 million. During the same period last year, the business posted $0.01 EPS. The business’s revenue was up 44.6% compared to the same quarter last year.

A number of research analysts have recently issued reports on the company. BTIG Research downgraded Square from a “neutral” rating to a “sell” rating and lifted their price target for the company from $12.38 to $30.00 in a report on Monday, November 27th. Vetr upgraded Square from a “hold” rating to a “buy” rating and set a $51.38 price target on the stock in a report on Thursday, November 23rd. Wells Fargo & Company assumed coverage on Square in a report on Tuesday, November 21st. They issued a “market perform” rating and a $42.00 price target on the stock. Oppenheimer reiterated a “buy” rating on shares of Square in a report on Monday, November 20th. Finally, Credit Suisse Group reissued a “positive” rating and issued a $37.00 price objective (up previously from $31.00) on shares of Square in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $33.82.

Shares of Square (SQ) traded down $1.00 during trading hours on Friday, hitting $38.22. The stock had a trading volume of 25,386,063 shares, compared to its average volume of 26,546,566. Square has a twelve month low of $12.93 and a twelve month high of $49.56. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48.

In other Square news, insider Ajmere Dale sold 20,286 shares of Square stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $39.12, for a total transaction of $793,588.32. Following the completion of the sale, the insider now owns 134,518 shares of the company’s stock, valued at approximately $5,262,344.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Sarah Friar sold 38,400 shares of Square stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $47.24, for a total value of $1,814,016.00. Following the sale, the chief financial officer now directly owns 355,566 shares of the company’s stock, valued at approximately $16,796,937.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,425,591 shares of company stock valued at $47,976,777. 32.68% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Raymond James Trust N.A. lifted its holdings in shares of Square by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 15,193 shares of the technology company’s stock valued at $357,000 after buying an additional 193 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Square by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 10,212 shares of the technology company’s stock valued at $240,000 after buying an additional 212 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Square by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 46,166 shares of the technology company’s stock valued at $1,084,000 after buying an additional 513 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Square by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,706 shares of the technology company’s stock valued at $274,000 after buying an additional 921 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Square by 19.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after buying an additional 1,099 shares during the period. 54.38% of the stock is owned by institutional investors and hedge funds.

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About Square

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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Earnings History and Estimates for Square (NYSE:SQ)

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