PagSeguro Digital (NYSE:PAGS) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

PagSeguro Digital (NYSE:PAGS) released its earnings results on Tuesday. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01, Zacks reports. PagSeguro Digital had a net margin of 10.70% and a return on equity of 14.51%. The business had revenue of $874.38 million during the quarter, compared to analysts’ expectations of $816.34 million. During the same quarter in the previous year, the company earned $0.26 earnings per share.

PagSeguro Digital Price Performance

PagSeguro Digital stock traded down $1.43 during trading on Wednesday, reaching $13.16. 2,458,550 shares of the company were exchanged, compared to its average volume of 3,063,070. The stock’s 50 day simple moving average is $12.45 and its two-hundred day simple moving average is $12.77. The company has a market capitalization of $4.34 billion, a P/E ratio of 11.92, a PEG ratio of 0.63 and a beta of 1.92. PagSeguro Digital has a 52-week low of $6.93 and a 52-week high of $14.98.

Analyst Upgrades and Downgrades

PAGS has been the topic of several research analyst reports. The Goldman Sachs Group upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, June 26th. UBS Group dropped their price target on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, July 8th. Barclays increased their price objective on PagSeguro Digital from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.44.

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.