Equity analysts expect PagSeguro Digital Ltd. (NYSE: PAGS) will report sales of $ 365.15 million in the current fiscal quarter, according to Zacks. Three analysts provided estimates of PagSeguro Digital’s earnings. The highest sales estimate is $ 392.00 million and the lowest is $ 338.13 million. PagSeguro Digital reported sales of $ 358.47 million for the same quarter last year, implying a positive year-over-year growth rate of 1.9%. The company plans to announce its next income statement on Thursday, May 27th.
On average, analysts expect PagSeguro Digital to report annual sales of $ 1.82 billion in the current fiscal year, with estimates ranging from $ 1.65 billion to $ 2.13 billion. Analysts expect the company’s next fiscal year to have sales of $ 2.27 billion, with an estimate of $ 2.06 billion to $ 2.75 billion. Zacks Investment Research’s average sales are the average of a survey of sales research analysts who provide coverage for PagSeguro Digital.
PagSeguro Digital (NYSE: PAGS) last released its quarterly earnings data on Thursday, February 25th. The company reported earnings of $ 0.24 per share for the quarter, up $ 0.01 more than the Thomson Reuters consensus of $ 0.23. PagSeguro Digital had a net margin of 21.01% and a return on equity of 8.33%. The company’s revenue for the quarter was $ 387.17 million, while analysts expected $ 369.38 million.
A number of equity analysts have released reports on PAGS stock. JPMorgan Chase & Co. upped its target price for PagSeguro Digital from $ 61 to $ 65 and gave the company an outweigh rating in a research report on Tuesday, March 9th. New Street Research anticipated coverage of PagSeguro Digital’s stock in a research report on Friday, January 29th. They rated Buy and set a target price for the stock at $ 64. Zacks Investment Research downgraded PagSeguro Digital from Buy to Hold in a policy note on Wednesday, March 3. KeyCorp raised its target price for PagSeguro Digital from $ 50 to $ 60 and gave the company an outweigh rating in a policy note on Wednesday, December 16. Finally, Goldman Sachs Group upgraded PagSeguro Digital from Neutral to Buy and raised its price target for the company from $ 42 to $ 70 in a research note on Tuesday, January 19. Two investment analysts gave the stock a “hold” rating and eight assigned a “buy” rating. The company currently has an average Buy rating and an average target price of $ 59.33.
PAGS shares opened at $ 48.22 on Friday. The 50-day moving average is $ 51.96 and the 200-day moving average is $ 48.74. PagSeguro Digital has a 12-month low of $ 19.27 and a 12-month high of $ 62.83. The stock has a market cap of $ 15.81 billion, a price-to-earnings ratio of 58.10 and a beta of 1.64.
Large investors have recently bought and sold stocks. In the fourth quarter, Veriti Management LLC acquired a new position at PagSeguro Digital for approximately $ 45,000. RMR Wealth Builders acquired a new position at PagSeguro Digital in the fourth quarter for approximately $ 46,000. Marshall Wace LLP acquired a new position at PagSeguro Digital in the first quarter for approximately $ 60,000. The Healthcare of Ontario retirement plan trust fund acquired a new position at PagSeguro Digital in the fourth quarter at a cost of approximately $ 142,000. Finally, Baldwin Brothers Inc. MA increased its stakes in PagSeguro Digital by 14.0% in the first quarter. Baldwin Brothers Inc. MA now owns 3,305 shares in the company for $ 153,000 after purchasing an additional 405 shares during the last quarter. 58.50% of the shares are currently held by institutional investors and hedge funds.
About PagSeguro Digital
PagSeguro Digital Ltd. Together with its subsidiaries, it provides financial technology solutions and services for consumers, sole proprietors, microenterprises, and small and medium-sized companies in Brazil and abroad. The company’s products and services include the PagSeguro Ecosystem, a digital ecosystem that operates in a circular loop where its customers can meet their basic day-to-day financial needs, including receiving and spending funds, and managing and growing their business; PagBank digital account, which offers banking services through the PagBank mobile application; and a free digital account, PagSeguro, which centralizes multiple cash-in options, features, services, and withdrawal options into a single ecosystem.
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