Square Inc (NYSE:SQ) – Investment analysts at Wedbush increased their FY2018 earnings estimates for Square in a research note issued to investors on Monday. Wedbush analyst M. Katri now expects that the technology company will post earnings of $0.01 per share for the year, up from their prior forecast of ($0.01). Wedbush also issued estimates for Square’s Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.07 EPS and FY2019 earnings at $0.21 EPS.

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

Other equities research analysts have also recently issued research reports about the stock. Stephens reiterated a “buy” rating and set a $41.00 target price on shares of Square in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday. Credit Suisse Group reiterated a “positive” rating and set a $37.00 target price (up previously from $31.00) on shares of Square in a research report on Monday, November 20th. Citigroup cut shares of Square from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a research report on Thursday, November 9th. Finally, Cantor Fitzgerald increased their target price on shares of Square to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $36.23.

Shares of Square (SQ) traded down $0.22 during trading on Tuesday, hitting $45.07. 18,160,000 shares of the company were exchanged, compared to its average volume of 16,240,000. The firm has a market cap of $17,510.00 and a PE ratio of -265.12. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48. Square has a 1-year low of $13.84 and a 1-year high of $49.56.

Hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of Square in the 4th quarter valued at approximately $110,000. Steward Partners Investment Advisory LLC raised its position in shares of Square by 1,130.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,655 shares of the technology company’s stock valued at $820,000 after acquiring an additional 21,733 shares during the period. Personal Capital Advisors Corp acquired a new stake in shares of Square in the 4th quarter valued at approximately $298,000. Eagle Capital Management LLC raised its position in shares of Square by 9.3% in the 4th quarter. Eagle Capital Management LLC now owns 81,373 shares of the technology company’s stock valued at $2,821,000 after acquiring an additional 6,924 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Square in the 4th quarter valued at approximately $624,000. 54.29% of the stock is currently owned by institutional investors.

In other news, insider Ajmere Dale sold 20,286 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $39.12, for a total value of $793,588.32. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hillary B. Smith sold 1,551 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $35.12, for a total transaction of $54,471.12. Following the completion of the transaction, the insider now directly owns 487,482 shares in the company, valued at approximately $17,120,367.84. The disclosure for this sale can be found here. Insiders sold a total of 1,669,532 shares of company stock worth $65,210,218 in the last ninety days. Insiders own 32.68% of the company’s stock.

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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.

Earnings History and Estimates for Square (NYSE:SQ)

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