Wall Street analysts expect Square, Inc. (NYSE:SQ) to announce $1.19 billion in sales for the current quarter, Zacks reports. Seven analysts have made estimates for Square’s earnings, with the highest sales estimate coming in at $1.26 billion and the lowest estimate coming in at $1.15 billion. Square posted sales of $882.11 million during the same quarter last year, which suggests a positive year-over-year growth rate of 34.9%. The company is scheduled to issue its next earnings results on Wednesday, November 6th.

On average, analysts expect that Square will report full year sales of $4.55 billion for the current fiscal year, with estimates ranging from $4.46 billion to $4.70 billion. For the next financial year, analysts anticipate that the business will report sales of $5.81 billion, with estimates ranging from $5.56 billion to $6.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Square.

Square (NYSE:SQ) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.20. The firm had revenue of $563.00 million for the quarter, compared to analyst estimates of $557.67 million. Square had a negative net margin of 1.35% and a positive return on equity of 2.65%. The business’s quarterly revenue was up 46.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 earnings per share.

Several equities research analysts have commented on SQ shares. ValuEngine lowered shares of Square from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Atlantic Securities started coverage on shares of Square in a report on Tuesday, September 3rd. They issued an “underweight” rating and a $55.00 price target on the stock. Bank of America lowered their price target on shares of Square from $78.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. BMO Capital Markets upped their price target on shares of Square from $91.00 to $92.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, Canaccord Genuity lowered shares of Square from a “buy” rating to a “hold” rating and lowered their price target for the company from $88.00 to $64.00 in a report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nineteen have given a buy rating to the company. Square currently has an average rating of “Hold” and a consensus target price of $81.32.

In other Square news, CAO Ajmere Dale sold 2,048 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $62.47, for a total value of $127,938.56. Following the completion of the transaction, the chief accounting officer now owns 64,050 shares in the company, valued at $4,001,203.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alyssa Henry sold 20,000 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $77.69, for a total transaction of $1,553,800.00. Following the completion of the transaction, the insider now owns 449,261 shares of the company’s stock, valued at approximately $34,903,087.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,001 shares of company stock valued at $5,295,829. Insiders own 21.79% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Square by 8.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,838,878 shares of the technology company’s stock worth $1,801,564,000 after purchasing an additional 1,910,823 shares during the last quarter. Jennison Associates LLC raised its position in shares of Square by 56.6% during the 1st quarter. Jennison Associates LLC now owns 15,136,362 shares of the technology company’s stock worth $1,134,016,000 after purchasing an additional 5,472,640 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Square by 28.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,303,968 shares of the technology company’s stock worth $457,227,000 after purchasing an additional 1,410,744 shares during the last quarter. Nikko Asset Management Americas Inc. raised its position in shares of Square by 37.0% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 5,034,654 shares of the technology company’s stock worth $365,163,000 after purchasing an additional 1,359,963 shares during the last quarter. Finally, Coatue Management LLC acquired a new position in shares of Square during the 2nd quarter worth about $319,388,000. Institutional investors and hedge funds own 55.71% of the company’s stock.

Shares of SQ traded down $0.72 during trading hours on Thursday, reaching $59.03. 7,157,600 shares of the company traded hands, compared to its average volume of 10,444,084. The stock has a market capitalization of $25.31 billion, a P/E ratio of 2,951.50, a P/E/G ratio of 20.14 and a beta of 3.41. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.87. Square has a 12-month low of $49.82 and a 12-month high of $101.15. The business has a fifty day moving average price of $63.35 and a 200-day moving average price of $70.36.

About Square

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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