Square, Inc. (NYSE:SQ) – SunTrust Banks increased their Q4 2018 earnings per share estimates for Square in a report released on Wednesday, October 17th. SunTrust Banks analyst A. Jeffrey now forecasts that the technology company will post earnings of $0.03 per share for the quarter, up from their prior forecast of $0.02. SunTrust Banks currently has a “Buy” rating and a $74.00 target price on the stock.

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

A number of other equities analysts also recently commented on SQ. Citigroup upped their price objective on shares of Square from $47.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 28th. Zacks Investment Research downgraded shares of Square from a “hold” rating to a “sell” rating in a research report on Tuesday, July 3rd. Piper Jaffray Companies upped their price objective on shares of Square to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 10th. Needham & Company LLC upped their price objective on shares of Square from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, Susquehanna Bancshares upped their price objective on shares of Square from $53.00 to $74.00 and gave the stock a “positive” rating in a research report on Thursday, July 5th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $72.64.

Shares of Square stock opened at $74.96 on Thursday. The firm has a market cap of $40.64 billion, a price-to-earnings ratio of -749.60 and a beta of 4.33. 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 one year low of $31.44 and a one year high of $101.15.

In related news, insider Sivan Whiteley sold 1,875 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $69.84, for a total value of $130,950.00. Following the sale, the insider now directly owns 526,299 shares of the company’s stock, valued at approximately $36,756,722.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $71.26, for a total transaction of $28,504,000.00. Following the completion of the sale, the director now directly owns 472,175 shares in the company, valued at $33,647,190.50. The disclosure for this sale can be found here. Insiders sold a total of 1,888,510 shares of company stock valued at $156,182,876 in the last quarter. Insiders own 27.99% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Family Office LLC acquired a new stake in Square in the 2nd quarter valued at about $341,000. Cognios Capital LLC grew its stake in Square by 18.2% in the 2nd quarter. Cognios Capital LLC now owns 24,549 shares of the technology company’s stock valued at $1,513,000 after acquiring an additional 3,779 shares during the last quarter. Brighton Jones LLC grew its stake in Square by 39.1% in the 2nd quarter. Brighton Jones LLC now owns 11,572 shares of the technology company’s stock valued at $713,000 after acquiring an additional 3,251 shares during the last quarter. CIBC Asset Management Inc grew its stake in Square by 12.2% in the 2nd quarter. CIBC Asset Management Inc now owns 14,046 shares of the technology company’s stock valued at $866,000 after acquiring an additional 1,525 shares during the last quarter. Finally, NumerixS Investment Technologies Inc grew its stake in Square by 46.7% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 39,000 shares of the technology company’s stock valued at $2,400,000 after acquiring an additional 12,420 shares during 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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