Posted by admin on Jul 28th, 2022

Square (NYSE:SQ – Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, August 4th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Investors that are interested in participating in 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). The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $4.14 billion. Square had a negative net margin of 0.46% and a positive return on equity of 0.74%. Square’s quarterly revenue was down 21.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. On average, analysts expect Square to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NYSE:SQ opened at $72.76 on Thursday. The firm has a market capitalization of $42.21 billion, a price-to-earnings ratio of -485.03 and a beta of 2.45. Square has a 1 year low of $56.01 and a 1 year high of $289.23. The business has a 50 day simple moving average of $71.54 and a 200-day simple moving average of $99.63. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.97 and a quick ratio of 1.97.

In related news, insider Alyssa Henry sold 30,770 shares of Square stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $80.86, for a total transaction of $2,488,062.20. Following the sale, the insider now directly owns 433,436 shares of the company’s stock, valued at $35,047,634.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Square news, insider Alyssa Henry sold 30,770 shares of Square stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $80.86, for a total transaction of $2,488,062.20. Following the sale, the insider now directly owns 433,436 shares of the company’s stock, valued at $35,047,634.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amrita Ahuja sold 4,029 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 value of $252,336.27. Following the completion of the transaction, the chief financial officer now directly owns 155,649 shares in the company, valued at $9,748,296.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 291,141 shares of company stock worth $20,909,072. Company insiders own 11.52% of the company’s stock.

An institutional investor recently bought a new position in Square stock. Eudaimonia Partners LLC purchased a new stake in Square, Inc. (NYSE:SQ – Get Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,852 shares of the technology company’s stock, valued at approximately $387,000. Hedge funds and other institutional investors own 54.56% of the company’s stock.

Several research firms have commented on SQ. JPMorgan Chase & Co. reduced their price objective on Square from $150.00 to $107.00 in a report on Wednesday, July 20th. Moffett Nathanson lowered their price objective on Square from $200.00 to $170.00 in a research report on Friday, May 6th. The Goldman Sachs Group lowered their price objective on Square from $173.00 to $152.00 and set a “buy” rating for the company in a research report on Monday, May 9th. Susquehanna lowered their price target on Square from $160.00 to $100.00 in a research report on Tuesday, July 19th. Finally, Jefferies Financial Group lowered their price target on Square from $155.00 to $140.00 in a research report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirty-eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.60.

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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