PagSeguro Digital (PAGS) Scheduled to Post Quarterly Earnings on Thursday

PagSeguro Digital (NYSE:PAGS – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, May 25th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.

PagSeguro Digital (NYSE:PAGS – Get Rating) last issued its earnings results on Thursday, March 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. PagSeguro Digital had a return on equity of 17.41% and a net margin of 9.81%. The company had revenue of $752.91 million for the quarter, compared to the consensus estimate of $759.47 million. On average, analysts expect PagSeguro Digital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PagSeguro Digital Price Performance

NYSE:PAGS opened at $12.57 on Wednesday. PagSeguro Digital has a 1 year low of $7.51 and a 1 year high of $19.49. The stock’s 50 day simple moving average is $9.52 and its two-hundred day simple moving average is $9.54. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 1.32 and a beta of 1.61.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup raised PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, March 28th. JPMorgan Chase & Co. reduced their price objective on PagSeguro Digital from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 4th. Morgan Stanley reduced their price objective on PagSeguro Digital from $15.00 to $14.00 in a research note on Tuesday, April 11th. Barclays assumed coverage on PagSeguro Digital in a research note on Thursday, May 11th. They issued an “overweight” rating and a $16.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on PagSeguro Digital from $9.50 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.77.

Institutional Trading of PagSeguro Digital

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in PagSeguro Digital in the 4th quarter worth about $70,207,000. Capital World Investors increased its stake in PagSeguro Digital by 15.1% in the 1st quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock worth $406,848,000 after buying an additional 2,666,516 shares during the period. BlackRock Inc. increased its stake in PagSeguro Digital by 48.3% in the 3rd quarter. BlackRock Inc. now owns 4,875,323 shares of the company’s stock worth $64,501,000 after buying an additional 1,588,266 shares during the period. Millennium Management LLC increased its stake in PagSeguro Digital by 41.1% in the 4th quarter. Millennium Management LLC now owns 4,754,227 shares of the company’s stock worth $41,552,000 after buying an additional 1,384,241 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in PagSeguro Digital in the 1st quarter worth about $8,059,000. Hedge funds and other institutional investors own 52.50% of the company’s stock.

PagSeguro Digital Company Profile

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PagSeguro Digital Ltd. is engaged in the provision of financial technology solutions focused on consumers, individual entrepreneurs, micro-merchants, small companies and medium-sized companies in Brazil. Its business model covers the following pillars: Multiple digital payment solutions; In-person payments via POS devices that sell to merchants; Free digital accounts; Issuer of prepaid cards to clients for spending or withdrawing account balances, and Operating as an acquirer.