PagSeguro Digital (NYSE:PAGS) Announces Quarterly Earnings Results

PagSeguro Digital (NYSE:PAGS) announced 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%. The firm had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million.

PagSeguro Digital Stock Performance

NYSE PAGS opened at $8.04 on Friday. The firm’s fifty day moving average price is $6.96 and its two-hundred day moving average price is $8.37. The stock has a market cap of $2.65 billion, a PE ratio of 6.64, a PEG ratio of 0.51 and a beta of 1.95. PagSeguro Digital has a fifty-two week low of $6.11 and a fifty-two week high of $14.98.

Analysts Set New Price Targets

PAGS has been the topic of several research reports. Citigroup reaffirmed a “neutral” rating and issued a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. Susquehanna reduced their price objective on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. The Goldman Sachs Group cut their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and an average target price of $13.18.

PagSeguro Digital Company Profile

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.