Brokerages Expect PagSeguro Digital Ltd (NYSE:PAGS) Will Post Quarterly Sales of $378.52 Million

Equities research analysts expect PagSeguro Digital Ltd (NYSE:PAGS) to post $378.52 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for PagSeguro Digital’s earnings. The highest sales estimate is $382.02 million and the lowest is $375.02 million. PagSeguro Digital posted sales of $332.88 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.7%. The company is expected to report its next quarterly earnings results on Thursday, February 20th.

According to Zacks, analysts expect that PagSeguro Digital will report full-year sales of $1.35 billion for the current financial year, with estimates ranging from $1.34 billion to $1.35 billion. For the next financial year, analysts anticipate that the company will post sales of $1.71 billion, with estimates ranging from $1.65 billion to $1.77 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover PagSeguro Digital.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. PagSeguro Digital had a return on equity of 19.33% and a net margin of 23.77%. The business had revenue of $369.11 million during the quarter, compared to the consensus estimate of $362.71 million.

Several brokerages recently issued reports on PAGS. Zacks Investment Research upgraded PagSeguro Digital from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd. HSBC upgraded PagSeguro Digital from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Cantor Fitzgerald decreased their price target on PagSeguro Digital from $56.00 to $46.00 in a report on Wednesday, November 27th. ValuEngine upgraded PagSeguro Digital from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Finally, KeyCorp reduced their price objective on PagSeguro Digital from $60.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $44.44.

PagSeguro Digital stock traded down $0.54 during trading on Friday, hitting $27.96. 2,677,625 shares of the company were exchanged, compared to its average volume of 3,653,303. The business’s 50 day moving average is $34.63 and its 200 day moving average is $41.04. PagSeguro Digital has a 52 week low of $17.02 and a 52 week high of $53.43. The company has a market capitalization of $9.31 billion, a P/E ratio of 31.77, a PEG ratio of 1.00 and a beta of 0.38.

Several hedge funds have recently bought and sold shares of PAGS. Marshall Wace LLP bought a new position in shares of PagSeguro Digital during the 1st quarter worth $60,000. FMR LLC grew its stake in shares of PagSeguro Digital by 1,638.1% during the 1st quarter. FMR LLC now owns 9,907 shares of the company’s stock worth $296,000 after acquiring an additional 9,337 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in shares of PagSeguro Digital by 5.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 594,794 shares of the company’s stock worth $17,755,000 after acquiring an additional 30,094 shares during the period. SG Americas Securities LLC grew its stake in shares of PagSeguro Digital by 671.6% during the 2nd quarter. SG Americas Securities LLC now owns 83,042 shares of the company’s stock worth $3,236,000 after acquiring an additional 72,280 shares during the period. Finally, BNP Paribas Arbitrage SA bought a new position in shares of PagSeguro Digital during the 2nd quarter worth $246,000. Institutional investors own 50.18% of the company’s stock.

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.

Read More: What is an investor looking for in an SEC filing?

Get a free copy of the Zacks research report on PagSeguro Digital (PAGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PagSeguro Digital (NYSE:PAGS)

Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.