Analysts expect Square, Inc. (NYSE:SQ) to report earnings of $0.11 per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Square’s earnings, with estimates ranging from $0.09 to $0.13. Square posted earnings per share of $0.07 during the same quarter last year, which indicates a positive year over year growth rate of 57.1%. The company is expected to announce its next earnings report on Wednesday, November 14th.

On average, analysts expect that Square will report full year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.42 to $0.47. For the next financial year, analysts expect that the firm will report earnings of $0.78 per share, with EPS estimates ranging from $0.64 to $0.86. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Square.

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

A number of analysts have issued reports on SQ shares. Wolfe Research started coverage on Square in a research report on Tuesday, July 17th. They issued a “market perform” rating on the stock. KeyCorp reissued an “overweight” rating and issued a $70.00 target price (up previously from $55.00) on shares of Square in a research report on Tuesday, June 19th. Deutsche Bank boosted their target price on Square from $57.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. SunTrust Banks boosted their target price on Square from $45.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, June 29th. Finally, Stifel Nicolaus boosted their target price on Square from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Square currently has a consensus rating of “Hold” and a consensus target price of $60.89.

NYSE SQ traded up $1.43 on Friday, reaching $89.97. The stock had a trading volume of 10,495,000 shares, compared to its average volume of 10,958,731. The firm has a market cap of $36.34 billion, a price-to-earnings ratio of -899.70 and a beta of 4.36. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.99. Square has a 12-month low of $26.40 and a 12-month high of $91.64.

In related news, CEO Jack Dorsey sold 103,035 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $89.71, for a total transaction of $9,243,269.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $61.56, for a total transaction of $24,624,000.00. Following the transaction, the director now owns 468,223 shares of the company’s stock, valued at approximately $28,823,807.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,758,111 shares of company stock valued at $123,614,502. Insiders own 27.99% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Centaurus Financial Inc. acquired a new position in shares of Square during the second quarter worth $100,000. Huntington National Bank grew its stake in shares of Square by 1,725.0% during the second quarter. Huntington National Bank now owns 1,825 shares of the technology company’s stock worth $112,000 after purchasing an additional 1,725 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Square by 1,476.2% during the first quarter. Envestnet Asset Management Inc. now owns 2,317 shares of the technology company’s stock worth $114,000 after purchasing an additional 2,170 shares in the last quarter. Thompson Davis & CO. Inc. grew its stake in shares of Square by 736.7% during the second quarter. Thompson Davis & CO. Inc. now owns 2,510 shares of the technology company’s stock worth $155,000 after purchasing an additional 2,210 shares in the last quarter. Finally, NewSquare Capital LLC acquired a new position in shares of Square during the second quarter worth $196,000. Hedge funds and other institutional investors own 52.04% of the company’s stock.

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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