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Square (NYSE:SQ - Get Rating) is set to announce its earnings results after the market closes on Thursday, August 4th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Square (NYSE:SQ - Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The technology company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.08). Square had a negative net margin of 0.46% and a positive return on equity of 0.74%. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the company posted $0.41 earnings per share. Square's quarterly revenue was down 21.7% on a year-over-year basis. On average, analysts expect Square to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year. Square Price Performance
Shares of Square stock opened at $72.76 on Thursday. The stock has a 50 day moving average of $71.54 and a 200 day moving average of $99.63. Square has a 12 month low of $56.01 and a 12 month high of $289.23. The firm has a market cap of $42.21 billion, a PE ratio of -485.03 and a beta of 2.45. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.26. Insider Activity at Square
In related news, CFO Amrita Ahuja sold 3,814 shares of Square stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $98.47, for a total value of $375,564.58. Following the completion of the transaction, the chief financial officer now owns 159,678 shares in the company, valued at approximately $15,723,492.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Square news, CAO Ajmere Dale sold 883 shares of the business's stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $62.63, for a total transaction of $55,302.29. Following the completion of the sale, the chief accounting officer now directly owns 48,797 shares in the company, valued at approximately $3,056,156.11. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Amrita Ahuja sold 3,814 shares of the business's stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $98.47, for a total value of $375,564.58. Following the sale, the chief financial officer now owns 159,678 shares of the company's stock, valued at $15,723,492.66. The disclosure for this sale can be found here. Insiders sold a total of 291,141 shares of company stock worth $20,909,072 in the last 90 days. Corporate insiders own 11.52% of the company's stock. Institutional Inflows and Outflows
An institutional investor recently bought a new position in Square stock. Eudaimonia Partners LLC acquired a new stake in Square, Inc. (NYSE:SQ - Get Rating) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,852 shares of the technology company's stock, valued at approximately $387,000. Institutional investors and hedge funds own 54.56% of the company's stock. Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on SQ shares. Morgan Stanley reduced their price target on Square from $118.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, May 19th. The Goldman Sachs Group reduced their price target on Square from $173.00 to $152.00 and set a "buy" rating on the stock in a report on Monday, May 9th. BMO Capital Markets reduced their price objective on Square from $126.00 to $117.00 and set a "buy" rating on the stock in a report on Friday, May 20th. Wedbush reduced their price objective on Square from $140.00 to $100.00 and set a "neutral" rating on the stock in a report on Thursday, May 19th. Finally, Robert W. Baird reduced their price objective on Square from $120.00 to $78.00 in a report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $163.60.Square Company Profile (Get Rating)
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.Featured ArticlesGet a free copy of the StockNews.com research report on Square (SQ)Shopify Stock Rallies Despite Quarterly LossTwo Automation Stocks The Institutions Are Buying Can Owens-Corning Insulate Your Portfolio? Consumer Staple Kraft-Heinz Quietly Builds Momentum Steady, Stable Kimberly-Clark Yields 3.4%
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