PagSeguro Digital (NYSE:PAGS) Releases Earnings Results, Beats Estimates By $0.01 EPS

PagSeguro Digital (NYSE:PAGS) posted its earnings results on Wednesday. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01, Zacks reports. The company had revenue of $991.79 million for the quarter, compared to analyst estimates of $1.03 billion. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%.

PagSeguro Digital Price Performance

Shares of PAGS traded down $0.64 on Thursday, hitting $9.94. The company’s stock had a trading volume of 2,445,418 shares, compared to its average volume of 4,078,380. The company has a market capitalization of $3.27 billion, a PE ratio of 7.70, a PEG ratio of 0.41 and a beta of 1.38. PagSeguro Digital has a fifty-two week low of $7.16 and a fifty-two week high of $12.32. The company has a 50 day moving average price of $10.57 and a 200 day moving average price of $9.91.

PagSeguro Digital Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, January 28th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, January 28th. PagSeguro Digital’s dividend payout ratio is currently 10.85%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PAGS. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. UBS Group lifted their target price on PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Susquehanna boosted their price target on PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, November 14th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.86.

Hedge Funds Weigh In On PagSeguro Digital

Large investors have recently modified their holdings of the stock. Atlas Capital Advisors Inc. bought a new stake in PagSeguro Digital in the fourth quarter valued at about $45,000. Caitong International Asset Management Co. Ltd grew its position in shares of PagSeguro Digital by 108.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,933 shares of the company’s stock worth $48,000 after buying an additional 2,569 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of PagSeguro Digital in the 4th quarter valued at about $53,000. Osaic Holdings Inc. increased its stake in shares of PagSeguro Digital by 93.4% in the 2nd quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock valued at $76,000 after acquiring an additional 3,810 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of PagSeguro Digital in the 4th quarter valued at approximately $99,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.