Brokerages predict that PagSeguro Digital Ltd (NYSE:PAGS) will announce sales of $312.07 million for the current quarter, Zacks reports. Three analysts have provided estimates for PagSeguro Digital’s earnings, with the lowest sales estimate coming in at $286.40 million and the highest estimate coming in at $325.12 million. The firm is expected to issue its next earnings results on Thursday, March 14th.
According to Zacks, analysts expect that PagSeguro Digital will report full year sales of $1.06 billion for the current financial year, with estimates ranging from $1.00 billion to $1.09 billion. For the next year, analysts forecast that the firm will post sales of $1.40 billion, with estimates ranging from $1.33 billion to $1.46 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for PagSeguro Digital.
PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Thursday, November 29th. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The firm had revenue of $288.75 million for the quarter, compared to analyst estimates of $263.24 million.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised PagSeguro Digital from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday. UBS Group raised PagSeguro Digital from an “underperform” rating to a “neutral” rating in a report on Friday, December 7th. Citigroup raised PagSeguro Digital from a “sell” rating to a “neutral” rating in a report on Tuesday, November 13th. Guggenheim assumed coverage on PagSeguro Digital in a report on Wednesday, January 9th. They set a “neutral” rating and a $21.65 target price for the company. Finally, ValuEngine downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. PagSeguro Digital presently has a consensus rating of “Buy” and an average price target of $32.90.
Hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in shares of PagSeguro Digital in the fourth quarter worth $206,000. LPL Financial LLC bought a new position in shares of PagSeguro Digital in the fourth quarter worth $224,000. Bank of New York Mellon Corp bought a new position in shares of PagSeguro Digital in the fourth quarter worth $262,000. Essex Investment Management Co. LLC bought a new position in shares of PagSeguro Digital in the third quarter worth $269,000. Finally, Albert D Mason Inc. bought a new position in shares of PagSeguro Digital in the fourth quarter worth $297,000.
PAGS opened at $23.39 on Thursday. PagSeguro Digital has a fifty-two week low of $17.02 and a fifty-two week high of $39.97. The firm has a market cap of $2.86 billion and a PE ratio of 41.04.
PagSeguro Digital Company Profile
PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.
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