Analysts predict that Square, Inc. (NYSE:SQ) will report $909.18 million in sales for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Square’s earnings, with estimates ranging from $870.10 million to $937.28 million. Square reported sales of $616.04 million in the same quarter last year, which indicates a positive year over year growth rate of 47.6%. The business is scheduled to issue its next earnings results on Tuesday, February 26th.

On average, analysts expect that Square will report full year sales of $3.26 billion for the current year, with estimates ranging from $3.13 billion to $3.30 billion. For the next fiscal year, analysts expect that the firm will report sales of $4.38 billion, with estimates ranging from $4.24 billion to $4.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Square.

Square (NYSE:SQ) last released its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. Square had a negative net margin of 0.87% and a negative return on equity of 1.11%. The firm had revenue of $431.00 million during the quarter, compared to analysts’ expectations of $414.19 million. During the same period in the previous year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 67.7% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on the stock. Stephens reduced their target price on shares of Square from $85.00 to $75.00 and set an “equal weight” rating for the company in a research report on Thursday, November 29th. They noted that the move was a valuation call. Nomura reduced their target price on shares of Square from $125.00 to $107.00 and set a “buy” rating for the company in a research report on Tuesday, November 20th. ValuEngine cut shares of Square from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 20th. Barclays assumed coverage on shares of Square in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $96.00 target price for the company. Finally, SunTrust Banks boosted their target price on shares of Square to $84.00 and gave the company a “hold” rating in a research report on Thursday, November 8th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $84.40.

Shares of Square stock traded up $1.31 during trading on Tuesday, reaching $59.93. The company’s stock had a trading volume of 946,214 shares, compared to its average volume of 15,426,966. The stock has a market cap of $25.69 billion, a PE ratio of -596.20 and a beta of 4.26. Square has a 52 week low of $34.14 and a 52 week high of $101.15. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.54 and a current ratio of 1.54.

In related news, insider Sivan Whiteley sold 5,224 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $99.41, for a total value of $519,317.84. Following the sale, the insider now directly owns 490,344 shares in the company, valued at $48,745,097.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ajmere Dale sold 2,048 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $71.76, for a total value of $146,964.48. Following the completion of the sale, the insider now owns 88,621 shares in the company, valued at $6,359,442.96. The disclosure for this sale can be found here. Insiders sold 2,560,321 shares of company stock valued at $186,718,181 in the last ninety days. 27.99% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC boosted its holdings in Square by 4.0% in the third quarter. Jennison Associates LLC now owns 7,193,288 shares of the technology company’s stock valued at $712,207,000 after acquiring an additional 275,166 shares during the last quarter. FIL Ltd boosted its holdings in shares of Square by 75.2% during the 3rd quarter. FIL Ltd now owns 2,965,450 shares of the technology company’s stock worth $293,609,000 after buying an additional 1,272,790 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Square by 11.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,772,690 shares of the technology company’s stock worth $175,514,000 after buying an additional 175,100 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Square by 8.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,756,402 shares of the technology company’s stock worth $108,265,000 after buying an additional 140,800 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Square by 10.0% during the 2nd quarter. Northern Trust Corp now owns 1,681,310 shares of the technology company’s stock worth $103,635,000 after buying an additional 153,458 shares in the last quarter. Institutional investors and hedge funds own 48.07% of the company’s stock.

Square Company Profile

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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Earnings History and Estimates for Square (NYSE:SQ)

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