Square, Inc. provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions. The company also provides Square Point of Sale software; Cash App, which provides access to the financial system, allowing customers to electronically send, store, and spend money; Caviar, a food ordering platform for restaurants to offer food ordering, pickup and delivery, to their customers; and Square Capital that facilitates loans to sellers based on real-time payment and point-of-sale data. Square, Inc. was founded in 2009 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Phone415-375-3176
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.21 billion
Profitability
Miscellaneous
Employees2,338
OptionableOptionable
Square (NYSE:SQ) Frequently Asked Questions
What is Square's stock symbol?
Square trades on the New York Stock Exchange (NYSE) under the ticker symbol "SQ."
How were Square's earnings last quarter?
Square, Inc. (NYSE:SQ) announced its quarterly earnings results on Wednesday, May, 2nd. The technology company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The technology company had revenue of $307 million for the quarter, compared to analysts' expectations of $293.07 million. Square had a negative net margin of 0.87% and a negative return on equity of 1.11%. The business's quarterly revenue was up 50.5% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. View Square's Earnings History.
When is Square's next earnings date?
How can I listen to Square's earnings call?
Square will be holding an earnings conference call on Wednesday, February 27th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8332352654.
What price target have analysts set for SQ?
33 analysts have issued 1-year price objectives for Square's stock. Their predictions range from $30.00 to $115.00. On average, they expect Square's stock price to reach $84.9097 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price. View Analyst Price Targets for Square.
What is the consensus analysts' recommendation for Square?
33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Square in the last year. There are currently 3 sell ratings, 11 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Square.
What are Wall Street analysts saying about Square stock?
Here are some recent quotes from research analysts about Square stock:
- 1. According to Zacks Investment Research, "Square continues to benefit from its growing gross payments volume. Further, contributions from Weebly and Zesty buyouts remain major positives. Additionally, strong product lines such as Virtual Terminal, Instant Deposits, Cash Card, Square Register and Caviar are performing well. Hence, these are aiding the company’s top-line growth. Also, improving business loan processing via Square Capital is a tailwind. Further, growing adoption of Cash App in the bitcoin space remains positive for Square’s business growth. Notably, the stock has outperformed the industry it belongs to over a year. However, higher investments and increasing product development expenses might hurt margins. Further, intensifying competition and foreign exchange fluctuations remain headwinds." (1/9/2019)
- 2. Cantor Fitzgerald analysts commented, ": We maintain our Overweight rating on Square and raise our 12-month PT to $91 from $76. We are attracted to the company’s increasing market penetration, end user growth and improving margin profile, driven by SG&A leverage and an increasing margin contribution from other services. Square reported results above expectations and raised 2018 revenue guidance, while providing color regarding 2019. Gross Payment Volumes continued to see out-sized growth in the period. We expect rapid growth to continue and foresee further margin expansion going forward, although our expectations have moderated, driving stock performance." (11/8/2018)
- 3. Stifel Nicolaus analysts commented, "We are raising our intermediate and long-term revenue forecasts and increasing our price target to $100 from $76 as we believe the ongoing penetration of larger merchants, Square’s new partnership efforts, and the company’s emerging financial services offerings (Cash App) will lead to higher levels of growth than previously forecasted. Partially offsetting our higher revenue estimates are a reduction in our FY:19 adj. EBITDA margin reflecting a higher level of investment in key strategic investment areas (omni-channel, financial services, and international) than previously modeled. We continue to believe Square is building a uniquely positioned omni- channel retail ecosystem and is effectively expanding its total addressable market with new products / features. Below we outline a few of the key areas that we believe will drive growth over the intermediate term." (9/19/2018)
Has Square been receiving favorable news coverage?
News stories about SQ stock have been trending neutral recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Square earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future.
Who are some of Square's key competitors?
Some companies that are related to Square include salesforce.com (CRM), VMware (VMW), Intuit (INTU), ServiceNow (NOW), Dassault Systemes (DASTY), Autodesk (ADSK), Activision Blizzard (ATVI), Electronic Arts (EA), Splunk (SPLK), Check Point Software Technologies (CHKP), Shopify (SHOP), CA (CA), Veeva Systems (VEEV), Synopsys (SNPS) and SS&C Technologies (SSNC).
Who are Square's key executives?
Square's management team includes the folowing people:
- Mr. Jack Dorsey, Chairman, Pres & CEO (Age 41)
- Mr. James Morgan McKelvey Jr., Co-Founder (Age 53)
- Ms. Sarah Friar, Chief Financial Officer (Age 45)
- Ms. Hillary B. Smith, Gen. Counsel and Corp. Sec. (Age 51)
- Ms. Alyssa Henry, Seller Lead (Age 48)
When did Square IPO?
(SQ) raised $324 million in an initial public offering on Thursday, November 19th 2015. The company issued 27,000,000 shares at a price of $11.00-$13.00 per share. Goldman Sachs, Morgan Stanley and J.P. Morgan served as the underwriters for the IPO and Barclays, Deutsche Bank Securities, Jefferies, RBC Capital Markets, Stifel, LOYAL3 Securities and SMBC Nikko were co-managers.
Who are Square's major shareholders?
Square's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.99%), Jennison Associates LLC (2.34%), Nikko Asset Management Americas Inc. (1.03%), Oregon Public Employees Retirement Fund (0.89%), Geode Capital Management LLC (0.69%) and Sumitomo Mitsui Asset Management Company LTD (0.48%). Company insiders that own Square stock include Ajmere Dale, Alyssa Henry, Hillary B Smith, Jack Dorsey, Jacqueline D Reses, James Morgan Jr Mckelvey, Mary G Meeker, Sarah Friar, Sivan Whiteley and Ventures Iii LP Khosla. View Institutional Ownership Trends for Square.
Which institutional investors are selling Square stock?
SQ stock was sold by a variety of institutional investors in the last quarter, including Partner Fund Management L.P., Geode Capital Management LLC, Two Sigma Advisers LP, Voloridge Investment Management LLC, BlackRock Inc., Lord Abbett & CO. LLC, Partner Investment Management L.P. and Nomura Asset Management Co. Ltd.. Company insiders that have sold Square company stock in the last year include Ajmere Dale, Alyssa Henry, Hillary B Smith, Jack Dorsey, Jacqueline D Reses, James Morgan Jr Mckelvey, Mary G Meeker, Sarah Friar and Sivan Whiteley. View Insider Buying and Selling for Square.
Which institutional investors are buying Square stock?
SQ stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Jennison Associates LLC, Sumitomo Mitsui Asset Management Company LTD, Nikko Asset Management Americas Inc., Millennium Management LLC, Westfield Capital Management Co. LP, Gladstone Capital Management LLP and Hamilton Lane Advisors LLC. View Insider Buying and Selling for Square.
How do I buy shares of Square?
Shares of SQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Square's stock price today?
One share of SQ stock can currently be purchased for approximately $75.64.
How big of a company is Square?
Square has a market capitalization of $31.28 billion and generates $2.21 billion in revenue each year. The technology company earns $-62,810,000.00 in net income (profit) each year or ($0.10) on an earnings per share basis. Square employs 2,338 workers across the globe.
What is Square's official website?
How can I contact Square?
Square's mailing address is 1455 MARKET STREET SUITE 600, SAN FRANCISCO CA, 94103. The technology company can be reached via phone at 415-375-3176 or via email at [email protected]
MarketBeat Community Rating for Square (NYSE SQ)
MarketBeat's community ratings are surveys of what our community members think about Square and other stocks. Vote "Outperform" if you believe SQ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SQ will underperform the S&P 500 over the long term. You may vote once every thirty days.
