Block (SQ) Scheduled to Post Quarterly Earnings on Thursday

Block (NYSE:SQ) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Block (NYSE:SQ) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.69 billion. Block had a net margin of 0.04% and a return on equity of 0.63%. On average, analysts expect Block to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Block Price Performance

NYSE:SQ opened at $72.99 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.22. The firm has a market cap of $44.94 billion, a PE ratio of 438.12, a price-to-earnings-growth ratio of 2.06 and a beta of 2.55. Block has a 12 month low of $38.85 and a 12 month high of $87.52. The company’s 50-day moving average price is $77.73 and its two-hundred day moving average price is $67.82.

Insider Buying and Selling at Block

In related news, CAO Ajmere Dale sold 500 shares of Block stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $84.75, for a total transaction of $42,375.00. Following the sale, the chief accounting officer now directly owns 68,323 shares of the company’s stock, valued at approximately $5,790,374.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Block news, CAO Ajmere Dale sold 500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $84.75, for a total transaction of $42,375.00. Following the sale, the chief accounting officer now directly owns 68,323 shares of the company’s stock, valued at approximately $5,790,374.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amrita Ahuja sold 2,581 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $64.30, for a total transaction of $165,958.30. Following the sale, the chief financial officer now directly owns 201,754 shares in the company, valued at $12,972,782.20. The disclosure for this sale can be found here. Insiders have sold a total of 363,801 shares of company stock valued at $27,284,175 in the last ninety days. 10.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SQ shares. Mizuho upped their target price on shares of Block from $99.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Canaccord Genuity Group increased their target price on shares of Block from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Keefe, Bruyette & Woods increased their target price on shares of Block from $74.00 to $78.00 and gave the stock a “market perform” rating in a report on Friday, February 23rd. Wells Fargo & Company upgraded shares of Block from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a report on Friday, February 23rd. Finally, Evercore ISI reiterated an “in-line” rating and issued a $75.00 target price on shares of Block in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, Block presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.67.

Block Company Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.