Wall Street brokerages forecast that Square, Inc. (NYSE:SQ) will announce $909.18 million in sales for the current quarter, Zacks reports. Nine analysts have issued estimates for Square’s earnings, with the highest sales estimate coming in at $937.28 million and the lowest estimate coming in at $870.10 million. Square reported sales of $616.04 million during the same quarter last year, which would suggest a positive year over year growth rate of 47.6%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 26th.

On average, analysts expect that Square will report full year sales of $3.26 billion for the current year, with estimates ranging from $3.13 billion to $3.30 billion. For the next year, analysts expect that the firm will post sales of $4.39 billion, with estimates ranging from $4.28 billion to $4.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Square.

Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. Square had a negative net margin of 0.87% and a negative return on equity of 1.11%. The company had revenue of $431.00 million during the quarter, compared to analysts’ expectations of $414.19 million. During the same quarter in the prior year, the company earned $0.07 EPS. The firm’s revenue was up 67.7% on a year-over-year basis.

SQ has been the subject of several analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price target (up previously from $76.00) on shares of Square in a research report on Wednesday, September 19th. BTIG Research initiated coverage on shares of Square in a research report on Thursday, October 11th. They set a “sell” rating for the company. Canaccord Genuity raised shares of Square from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $90.00 in a research report on Friday, October 12th. Credit Suisse Group increased their price target on shares of Square from $81.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, October 10th. Finally, Buckingham Research increased their price target on shares of Square from $85.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $83.82.

In related news, insider Ajmere Dale sold 2,048 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $71.76, for a total value of $146,964.48. Following the completion of the transaction, the insider now directly owns 88,621 shares in the company, valued at approximately $6,359,442.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jack Dorsey sold 103,035 shares of the stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $77.30, for a total transaction of $7,964,605.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,620,097 shares of company stock valued at $176,615,860. 27.99% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Centaurus Financial Inc. bought a new position in shares of Square in the 2nd quarter worth about $100,000. Columbia Asset Management bought a new position in shares of Square in the 3rd quarter worth about $114,000. Panagora Asset Management Inc. bought a new position in shares of Square in the 3rd quarter worth about $119,000. Girard Partners LTD. bought a new position in shares of Square in the 3rd quarter worth about $138,000. Finally, Rehmann Capital Advisory Group grew its position in Square by 649.8% during the 2nd quarter. Rehmann Capital Advisory Group now owns 2,317 shares of the technology company’s stock valued at $143,000 after purchasing an additional 2,008 shares during the last quarter. Institutional investors own 47.96% of the company’s stock.

SQ traded up $0.13 during trading on Friday, hitting $66.23. 14,437,055 shares of the stock traded hands, compared to its average volume of 18,926,326. The stock has a market capitalization of $27.26 billion, a P/E ratio of -662.30, a PEG ratio of 32.29 and a beta of 3.79. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.80. Square has a 12-month low of $36.76 and a 12-month high of $101.15.

About Square

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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