Brokerages predict that Square, Inc. (NYSE:SQ) will post earnings per share (EPS) of $0.11 for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Square’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.13. Square reported earnings per share of $0.07 during the same quarter last year, which would suggest a positive year over year growth rate of 57.1%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, November 7th.

According to Zacks, analysts expect that Square will report full-year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.42 to $0.47. For the next year, analysts anticipate that the firm will report earnings of $0.77 per share, with EPS estimates ranging from $0.64 to $0.86. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Square.

Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.14. Square had a negative return on equity of 3.18% and a negative net margin of 2.30%. The business had revenue of $385.00 million during the quarter, compared to the consensus estimate of $367.99 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. Square’s revenue was up 60.4% compared to the same quarter last year.

SQ has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on Square from $45.00 to $46.00 and gave the stock a “$71.60” rating in a report on Monday, July 23rd. Guggenheim reiterated a “buy” rating and set a $73.00 price target on shares of Square in a report on Friday, July 13th. Nomura upped their price target on Square from $65.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, June 21st. Deutsche Bank upped their price target on Square from $57.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. Finally, Stifel Nicolaus upped their price objective on Square from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $72.39.

Square stock traded up $4.94 during trading on Friday, hitting $73.97. 38,083,201 shares of the company were exchanged, compared to its average volume of 13,064,450. Square has a 52 week low of $31.44 and a 52 week high of $101.15. The company has a market capitalization of $40.64 billion, a P/E ratio of -739.70 and a beta of 4.33. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.99.

In other news, insider Sivan Whiteley sold 1,875 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $69.84, for a total transaction of $130,950.00. Following the transaction, the insider now owns 526,299 shares of the company’s stock, valued at approximately $36,756,722.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Dorsey sold 103,035 shares of the company’s stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $80.38, for a total value of $8,281,953.30. The disclosure for this sale can be found here. Insiders have sold a total of 1,888,510 shares of company stock worth $156,182,876 in the last ninety days. Insiders own 27.99% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of SQ. Whale Rock Capital Management LLC purchased a new position in shares of Square during the 1st quarter valued at $180,818,000. Lord Abbett & CO. LLC purchased a new stake in Square during the 1st quarter worth about $40,131,000. American Century Companies Inc. lifted its holdings in Square by 2,070.5% during the 2nd quarter. American Century Companies Inc. now owns 827,790 shares of the technology company’s stock worth $51,025,000 after purchasing an additional 789,651 shares in the last quarter. Korea Investment CORP purchased a new stake in Square during the 2nd quarter worth about $36,435,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Square by 141.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 781,760 shares of the technology company’s stock worth $48,188,000 after purchasing an additional 458,147 shares in the last quarter. 51.86% of the stock is currently owned by hedge funds and other institutional investors.

Square Company Profile

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

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Earnings History and Estimates for Square (NYSE:SQ)

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