Equities analysts forecast that PagSeguro Digital Ltd (NYSE:PAGS) will post earnings per share of $0.30 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for PagSeguro Digital’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.27. PagSeguro Digital posted earnings of $0.24 per share in the same quarter last year, which indicates a positive year over year growth rate of 25%. The firm is scheduled to issue its next quarterly earnings results on Thursday, December 5th.
According to Zacks, analysts expect that PagSeguro Digital will report full-year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.22. For the next year, analysts forecast that the business will report earnings of $1.53 per share, with EPS estimates ranging from $1.35 to $1.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for PagSeguro Digital.
PAGS has been the subject of several research analyst reports. Guggenheim upped their price target on shares of PagSeguro Digital from $36.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. HSBC assumed coverage on shares of PagSeguro Digital in a report on Tuesday, May 7th. They issued a “reduce” rating and a $24.00 price objective for the company. Goldman Sachs Group assumed coverage on shares of PagSeguro Digital in a research note on Monday, June 10th. They issued a “buy” rating and a $40.00 price target for the company. Evercore ISI assumed coverage on shares of PagSeguro Digital in a research report on Tuesday, July 16th. They set an “outperform” rating for the company. Finally, KeyCorp increased their price objective on shares of PagSeguro Digital from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. PagSeguro Digital presently has a consensus rating of “Hold” and an average target price of $40.44.
A number of hedge funds have recently modified their holdings of the business. Northern Trust Corp increased its stake in PagSeguro Digital by 0.5% in the second quarter. Northern Trust Corp now owns 67,948 shares of the company’s stock valued at $2,648,000 after purchasing an additional 346 shares during the period. Commonwealth Equity Services LLC increased its stake in PagSeguro Digital by 0.8% in the second quarter. Commonwealth Equity Services LLC now owns 73,492 shares of the company’s stock valued at $2,863,000 after purchasing an additional 616 shares during the period. Flagship Harbor Advisors LLC acquired a new position in PagSeguro Digital in the first quarter valued at $28,000. Bank of New York Mellon Corp increased its stake in PagSeguro Digital by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 17,112 shares of the company’s stock valued at $667,000 after purchasing an additional 1,062 shares during the period. Finally, Intellectus Partners LLC increased its stake in PagSeguro Digital by 4.3% in the second quarter. Intellectus Partners LLC now owns 36,000 shares of the company’s stock valued at $1,403,000 after purchasing an additional 1,480 shares during the period.
About PagSeguro Digital
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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