Brokerages expect PagSeguro (NYSE:PAGS) to post $0.16 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for PagSeguro’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.18. The business is expected to issue its next quarterly earnings results on Thursday, June 14th.
According to Zacks, analysts expect that PagSeguro will report full year earnings of $0.94 per share for the current financial year, with EPS estimates ranging from $0.90 to $0.98. For the next fiscal year, analysts expect that the business will post earnings of $1.36 per share, with EPS estimates ranging from $1.30 to $1.44. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow PagSeguro.
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PAGS has been the topic of several recent analyst reports. Citigroup initiated coverage on PagSeguro in a report on Thursday, May 3rd. They issued a “sell” rating on the stock. UBS initiated coverage on PagSeguro in a report on Friday, February 16th. They issued a “buy” rating and a $36.00 target price on the stock. Susquehanna Bancshares raised PagSeguro from a “neutral” rating to a “positive” rating in a report on Monday, March 12th. JPMorgan Chase initiated coverage on PagSeguro in a report on Tuesday, February 20th. They issued a “neutral” rating and a $32.00 target price on the stock. Finally, Deutsche Bank initiated coverage on PagSeguro in a report on Tuesday, February 20th. They issued a “buy” rating and a $38.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $35.90.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Criterion Capital Management LLC acquired a new position in PagSeguro during the 1st quarter worth $34,116,000. Manning & Napier Group LLC acquired a new position in PagSeguro during the 1st quarter worth $56,660,000. Quantitative Systematic Strategies LLC acquired a new position in PagSeguro during the 1st quarter worth $1,126,000. Penserra Capital Management LLC acquired a new position in PagSeguro during the 1st quarter worth $11,422,000. Finally, Gerber Kawasaki Wealth & Investment Management acquired a new position in PagSeguro during the 1st quarter worth $278,000. 5.56% of the stock is currently owned by institutional investors and hedge funds.
PagSeguro traded down $0.37, reaching $32.21, during trading on Tuesday, according to MarketBeat.com. 1,446,326 shares of the company traded hands, compared to its average volume of 2,304,149. The company has a market capitalization of $3.47 billion and a price-to-earnings ratio of 56.51. PagSeguro has a 1-year low of $31.39 and a 1-year high of $32.08.
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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