Q1 2018 Earnings Forecast for Square Inc (SQ) Issued By William Blair

Square Inc (NYSE:SQ) – Equities research analysts at William Blair lowered their Q1 2018 earnings estimates for shares of Square in a report released on Monday. William Blair analyst R. Napoli now anticipates that the technology company will post earnings per share of ($0.02) for the quarter, down from their prior estimate of $0.01. William Blair also issued estimates for Square’s Q2 2018 earnings at ($0.03) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.10) EPS and FY2019 earnings at $0.05 EPS.

A number of other research firms have also commented on SQ. BTIG Research lowered shares of Square from a “neutral” rating to a “sell” rating and boosted their price target for the company from $12.38 to $30.00 in a research report on Monday, November 27th. Vetr upgraded shares of Square from a “hold” rating to a “buy” rating and set a $51.38 price target on the stock in a research report on Thursday, November 23rd. Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, January 23rd. Oppenheimer restated a “buy” rating on shares of Square in a research report on Monday, November 20th. Finally, Wells Fargo & Co assumed coverage on shares of Square in a research report on Tuesday, November 21st. They issued a “market perform” rating and a $42.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. Square has an average rating of “Buy” and an average price target of $36.96.

Square (SQ) opened at $41.85 on Wednesday. The company has a market cap of $16,260.00 and a PE ratio of -246.18. Square has a 12-month low of $13.84 and a 12-month high of $49.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81.

Large investors have recently modified their holdings of the business. Atlantic Trust Group LLC bought a new stake in Square in the third quarter valued at approximately $1,143,000. Schwab Charles Investment Management Inc. increased its stake in Square by 1,407.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 696,007 shares of the technology company’s stock valued at $20,052,000 after purchasing an additional 649,841 shares in the last quarter. California Public Employees Retirement System increased its stake in Square by 4.1% in the third quarter. California Public Employees Retirement System now owns 368,151 shares of the technology company’s stock valued at $10,606,000 after purchasing an additional 14,451 shares in the last quarter. Kessler Investment Group LLC increased its stake in Square by 133.1% in the fourth quarter. Kessler Investment Group LLC now owns 11,725 shares of the technology company’s stock valued at $407,000 after purchasing an additional 6,695 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. bought a new stake in Square in the third quarter valued at approximately $36,574,000. 53.77% of the stock is owned by hedge funds and other institutional investors.

In other Square news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $38.15, for a total value of $15,260,000.00. Following the completion of the sale, the director now owns 67,732 shares of the company’s stock, valued at $2,583,975.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $47.24, for a total transaction of $1,814,016.00. Following the completion of the sale, the chief financial officer now directly owns 355,566 shares of the company’s stock, valued at approximately $16,796,937.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,228,341 shares of company stock valued at $47,941,857. 32.68% of the stock is currently owned by insiders.

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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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