PagSeguro Digital (NYSE:PAGS) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

PagSeguro Digital (NYSE:PAGS) issued its earnings results on Friday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.

PagSeguro Digital Trading Down 0.1 %

PAGS stock traded down $0.01 during trading on Friday, reaching $8.16. 3,926,725 shares of the stock were exchanged, compared to its average volume of 4,337,306. The business has a 50 day moving average price of $6.94 and a 200-day moving average price of $8.42. PagSeguro Digital has a 1 year low of $6.11 and a 1 year high of $14.98. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 6.72, a P/E/G ratio of 0.50 and a beta of 1.95.

Analysts Set New Price Targets

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

About PagSeguro Digital

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.