PagSeguro Digital (NYSE:PAGS) Posts Earnings Results, Beats Expectations By $0.05 EPS

PagSeguro Digital (NYSE:PAGS) released its quarterly earnings results on Friday. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05, Zacks reports. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%.

PagSeguro Digital Trading Up 0.2 %

Shares of NYSE PAGS traded up $0.02 during mid-day trading on Friday, reaching $8.18. The company had a trading volume of 3,819,821 shares, compared to its average volume of 4,334,081. PagSeguro Digital has a 52 week low of $6.11 and a 52 week high of $14.98. The business’s 50-day moving average is $6.94 and its 200-day moving average is $8.42. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 0.50 and a beta of 1.95.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PAGS shares. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Susquehanna reduced their target price on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. JPMorgan Chase & Co. dropped their price target on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group reduced their price objective on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, Citigroup reissued a “neutral” rating and set a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PagSeguro Digital currently has an average rating of “Moderate Buy” and a consensus price target of $13.18.

About PagSeguro Digital

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a 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; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.