Brokerages Anticipate PagSeguro Digital Ltd (NYSE:PAGS) Will Post Earnings of $0.22 Per Share

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Wall Street brokerages forecast that PagSeguro Digital Ltd (NYSE:PAGS) will announce earnings per share (EPS) of $0.22 for the current quarter, Zacks reports. Three analysts have made estimates for PagSeguro Digital’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.24. PagSeguro Digital reported earnings of $0.27 per share during the same quarter last year, which would indicate a negative year over year growth rate of 18.5%. The firm is expected to announce its next earnings results on Thursday, August 20th.

According to Zacks, analysts expect that PagSeguro Digital will report full-year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.77 to $0.94. For the next fiscal year, analysts anticipate that the company will post earnings of $1.09 per share, with EPS estimates ranging from $0.95 to $1.28. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow PagSeguro Digital.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Thursday, May 28th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.89. PagSeguro Digital had a return on equity of 19.20% and a net margin of 23.40%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The business’s revenue was up 26.9% compared to the same quarter last year.

PAGS has been the topic of a number of recent research reports. Deutsche Bank dropped their price target on PagSeguro Digital from $52.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Guggenheim raised their price objective on PagSeguro Digital from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. KeyCorp raised their price objective on PagSeguro Digital from $20.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Zacks Investment Research raised PagSeguro Digital from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 5th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $40.25.

Hedge funds and other institutional investors have recently modified their holdings of the business. Phoenix Holdings Ltd. acquired a new stake in PagSeguro Digital in the first quarter worth about $629,000. BNP Paribas Arbitrage SA raised its stake in shares of PagSeguro Digital by 169.4% in the first quarter. BNP Paribas Arbitrage SA now owns 56,019 shares of the company’s stock worth $1,083,000 after purchasing an additional 35,222 shares during the last quarter. BlackRock Inc. raised its stake in shares of PagSeguro Digital by 2.5% in the first quarter. BlackRock Inc. now owns 2,121,716 shares of the company’s stock worth $41,014,000 after purchasing an additional 52,188 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of PagSeguro Digital by 29.8% in the fourth quarter. Alliancebernstein L.P. now owns 1,756,306 shares of the company’s stock worth $59,995,000 after purchasing an additional 403,298 shares during the last quarter. Finally, State Street Corp raised its stake in shares of PagSeguro Digital by 17.9% in the fourth quarter. State Street Corp now owns 154,653 shares of the company’s stock worth $5,283,000 after purchasing an additional 23,499 shares during the last quarter. 57.00% of the stock is owned by institutional investors and hedge funds.

PAGS opened at $35.34 on Friday. PagSeguro Digital has a 12-month low of $13.58 and a 12-month high of $53.43. The business’s fifty day simple moving average is $32.22 and its 200-day simple moving average is $29.64. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 34.65 and a beta of 1.46.

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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