Wedbush Equities Analysts Increase Earnings Estimates for Square, Inc. (SQ)

Square, Inc. (NYSE:SQ) – Analysts at Wedbush raised their FY2017 earnings estimates for Square in a report released on Thursday. Wedbush analyst M. Katri now anticipates that the technology company will earn ($0.15) per share for the year, up from their prior forecast of ($0.16). Wedbush currently has a “Neutral” rating and a $28.00 target price on the stock. Wedbush also issued estimates for Square’s Q4 2017 earnings at ($0.03) EPS, Q2 2018 earnings at ($0.01) EPS, FY2018 earnings at ($0.05) EPS and FY2019 earnings at $0.13 EPS.

Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group lifted their price objective on shares of Square from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, August 3rd. Barclays PLC restated an “overweight” rating and set a $28.00 price objective (up from $21.00) on shares of Square in a research note on Thursday, August 3rd. KeyCorp restated an “overweight” rating on shares of Square in a research note on Tuesday, July 18th. Craig Hallum restated a “hold” rating and set a $23.00 price objective (up from $18.00) on shares of Square in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $31.00 price objective on shares of Square in a research note on Sunday, October 8th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Square currently has an average rating of “Buy” and an average target price of $26.27.

ILLEGAL ACTIVITY WARNING: This report was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/17/wedbush-equities-analysts-increase-earnings-estimates-for-square-inc-sq.html.

Square (NYSE SQ) opened at 33.22 on Monday. The stock’s 50 day moving average is $28.42 and its 200-day moving average is $23.89. The firm’s market capitalization is $12.75 billion. Square has a 1-year low of $10.88 and a 1-year high of $33.30.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. Square had a negative net margin of 4.13% and a negative return on equity of 12.41%. The business had revenue of $240.00 million for the quarter, compared to analysts’ expectations of $228.64 million. During the same period in the prior year, the company posted ($0.08) EPS. The business’s revenue for the quarter was up 40.4% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in the business. Regents of The University of California purchased a new position in Square during the 2nd quarter valued at about $4,692,000. Public Employees Retirement System of Ohio grew its stake in Square by 54.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 234,768 shares of the technology company’s stock valued at $5,508,000 after acquiring an additional 82,768 shares in the last quarter. Cypress Wealth Advisors LLC grew its stake in Square by 71.0% during the 2nd quarter. Cypress Wealth Advisors LLC now owns 107,747 shares of the technology company’s stock valued at $2,802,000 after acquiring an additional 44,750 shares in the last quarter. National Asset Management Inc. grew its stake in Square by 21.6% during the 2nd quarter. National Asset Management Inc. now owns 12,444 shares of the technology company’s stock valued at $292,000 after acquiring an additional 2,209 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in Square by 285.7% during the 2nd quarter. California State Teachers Retirement System now owns 395,757 shares of the technology company’s stock valued at $9,284,000 after acquiring an additional 293,137 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

In other Square news, CFO Sarah Friar sold 19,200 shares of Square stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $25.54, for a total transaction of $490,368.00. Following the transaction, the chief financial officer now owns 366,103 shares of the company’s stock, valued at approximately $9,350,270.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of Square stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $25.02, for a total value of $10,008,000.00. Following the transaction, the director now directly owns 507,385 shares in the company, valued at approximately $12,694,772.70. The disclosure for this sale can be found here. Insiders sold a total of 953,600 shares of company stock worth $25,263,040 in the last three months. 32.68% of the stock is currently owned by company insiders.

Square Company Profile

Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a s

Square, Inc. (NYSE:SQ) – Analysts at Wedbush raised their FY2017 earnings estimates for Square in a report released on Thursday. Wedbush analyst M. Katri now anticipates that the technology company will earn ($0.15) per share for the year, up from their prior forecast of ($0.16). Wedbush currently has a “Neutral” rating and a $28.00 target price on the stock. Wedbush also issued estimates for Square’s Q4 2017 earnings at ($0.03) EPS, Q2 2018 earnings at ($0.01) EPS, FY2018 earnings at ($0.05) EPS and FY2019 earnings at $0.13 EPS.

Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group lifted their price objective on shares of Square from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, August 3rd. Barclays PLC restated an “overweight” rating and set a $28.00 price objective (up from $21.00) on shares of Square in a research note on Thursday, August 3rd. KeyCorp restated an “overweight” rating on shares of Square in a research note on Tuesday, July 18th. Craig Hallum restated a “hold” rating and set a $23.00 price objective (up from $18.00) on shares of Square in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $31.00 price objective on shares of Square in a research note on Sunday, October 8th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Square currently has an average rating of “Buy” and an average target price of $26.27.

ILLEGAL ACTIVITY WARNING: This report was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/17/wedbush-equities-analysts-increase-earnings-estimates-for-square-inc-sq.html.

Square (NYSE SQ) opened at 33.22 on Monday. The stock’s 50 day moving average is $28.42 and its 200-day moving average is $23.89. The firm’s market capitalization is $12.75 billion. Square has a 1-year low of $10.88 and a 1-year high of $33.30.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. Square had a negative net margin of 4.13% and a negative return on equity of 12.41%. The business had revenue of $240.00 million for the quarter, compared to analysts’ expectations of $228.64 million. During the same period in the prior year, the company posted ($0.08) EPS. The business’s revenue for the quarter was up 40.4% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in the business. Regents of The University of California purchased a new position in Square during the 2nd quarter valued at about $4,692,000. Public Employees Retirement System of Ohio grew its stake in Square by 54.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 234,768 shares of the technology company’s stock valued at $5,508,000 after acquiring an additional 82,768 shares in the last quarter. Cypress Wealth Advisors LLC grew its stake in Square by 71.0% during the 2nd quarter. Cypress Wealth Advisors LLC now owns 107,747 shares of the technology company’s stock valued at $2,802,000 after acquiring an additional 44,750 shares in the last quarter. National Asset Management Inc. grew its stake in Square by 21.6% during the 2nd quarter. National Asset Management Inc. now owns 12,444 shares of the technology company’s stock valued at $292,000 after acquiring an additional 2,209 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in Square by 285.7% during the 2nd quarter. California State Teachers Retirement System now owns 395,757 shares of the technology company’s stock valued at $9,284,000 after acquiring an additional 293,137 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

In other Square news, CFO Sarah Friar sold 19,200 shares of Square stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $25.54, for a total transaction of $490,368.00. Following the transaction, the chief financial officer now owns 366,103 shares of the company’s stock, valued at approximately $9,350,270.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of Square stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $25.02, for a total value of $10,008,000.00. Following the transaction, the director now directly owns 507,385 shares in the company, valued at approximately $12,694,772.70. The disclosure for this sale can be found here. Insiders sold a total of 953,600 shares of company stock worth $25,263,040 in the last three months. 32.68% of the stock is currently owned by company insiders.

Square Company Profile

Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.

Earnings History and Estimates for Square (NYSE:SQ)

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