Wall Street analysts forecast that PagSeguro Digital Ltd (NYSE:PAGS) will post $374.45 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for PagSeguro Digital’s earnings. The lowest sales estimate is $371.10 million and the highest is $376.34 million. PagSeguro Digital posted sales of $288.75 million during the same quarter last year, which suggests a positive year over year growth rate of 29.7%. The company is expected to issue its next quarterly earnings report on Thursday, December 5th.

On average, analysts expect that PagSeguro Digital will report full year sales of $1.44 billion for the current year, with estimates ranging from $1.43 billion to $1.46 billion. For the next fiscal year, analysts expect that the business will report sales of $1.80 billion, with estimates ranging from $1.77 billion to $1.83 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for PagSeguro Digital.

A number of brokerages have recently issued reports on PAGS. KeyCorp upped their price target on PagSeguro Digital from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday. Goldman Sachs Group began coverage on PagSeguro Digital in a research report on Monday, June 10th. They set a “buy” rating and a $40.00 price target on the stock. Evercore ISI began coverage on PagSeguro Digital in a research report on Tuesday, July 16th. They set an “outperform” rating on the stock. Zacks Investment Research downgraded PagSeguro Digital from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, ValuEngine downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $40.44.

Several hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new position in shares of PagSeguro Digital in the 1st quarter valued at $28,000. Marshall Wace LLP acquired a new position in shares of PagSeguro Digital in the 1st quarter valued at $60,000. Catamount Wealth Management acquired a new position in shares of PagSeguro Digital in the 1st quarter valued at $66,000. Tortoise Index Solutions LLC acquired a new position in shares of PagSeguro Digital in the 1st quarter valued at $71,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of PagSeguro Digital in the 2nd quarter valued at $79,000.

PagSeguro Digital stock traded up $5.02 during mid-day trading on Thursday, reaching $51.54. 5,729,900 shares of the company were exchanged, compared to its average volume of 2,407,665. The business has a fifty day moving average of $44.26 and a 200 day moving average of $32.89. The firm has a market cap of $15.25 billion, a P/E ratio of 58.57, a PEG ratio of 1.50 and a beta of 0.69. PagSeguro Digital has a 12-month low of $17.02 and a 12-month high of $53.43.

About PagSeguro Digital

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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