$657.83 Million in Sales Expected for PagSeguro Digital Ltd. (NYSE:PAGS) This Quarter

Wall Street analysts expect that PagSeguro Digital Ltd. (NYSE:PAGSGet Rating) will report $657.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for PagSeguro Digital’s earnings, with the highest sales estimate coming in at $684.39 million and the lowest estimate coming in at $590.22 million. PagSeguro Digital reported sales of $378.20 million in the same quarter last year, which indicates a positive year over year growth rate of 73.9%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that PagSeguro Digital will report full-year sales of $2.83 billion for the current fiscal year, with estimates ranging from $2.60 billion to $3.06 billion. For the next financial year, analysts forecast that the firm will report sales of $3.52 billion, with estimates ranging from $3.08 billion to $4.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow PagSeguro Digital.

PAGS has been the subject of several recent analyst reports. Itaú Unibanco raised shares of PagSeguro Digital from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Wednesday, March 30th. Evercore ISI initiated coverage on shares of PagSeguro Digital in a report on Friday, February 18th. They set a “hold” rating and a $19.00 price objective for the company. Susquehanna dropped their price objective on shares of PagSeguro Digital from $50.00 to $38.00 and set a “positive” rating for the company in a report on Wednesday, March 23rd. The Goldman Sachs Group lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $60.00 to $27.00 in a report on Wednesday, January 26th. Finally, HSBC lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $57.00 to $23.00 in a report on Monday, January 31st. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, PagSeguro Digital presently has an average rating of “Buy” and an average price target of $31.33.

Institutional investors have recently modified their holdings of the business. Sylebra Capital Ltd raised its position in shares of PagSeguro Digital by 3.3% during the 3rd quarter. Sylebra Capital Ltd now owns 9,482,562 shares of the company’s stock valued at $490,438,000 after acquiring an additional 306,370 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of PagSeguro Digital by 29.0% during the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 39,730 shares of the company’s stock valued at $2,055,000 after acquiring an additional 8,930 shares during the last quarter. Nikko Asset Management Americas Inc. acquired a new position in shares of PagSeguro Digital in the 3rd quarter valued at $4,309,000. Polianta Ltd acquired a new position in shares of PagSeguro Digital in the 4th quarter valued at $1,085,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of PagSeguro Digital in the 3rd quarter valued at $489,000. Institutional investors own 56.75% of the company’s stock.

NYSE PAGS opened at $17.59 on Thursday. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 0.86 and a beta of 1.59. The company has a 50 day moving average of $16.95 and a 200-day moving average of $25.92. PagSeguro Digital has a 1-year low of $11.76 and a 1-year high of $61.65.

About PagSeguro Digital (Get Rating)

PagSeguro Digital Ltd. engages in the provision of financial technology solutions focused on Micro-Merchants, Small Companies and Medium-Sized Companies, or Small Medium Enterprises. 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.

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