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
Stock Exchange NYSE
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNYSE:SQ
Previous Symbol
CUSIPN/A
Phone415-375-3176
Debt
Debt-to-Equity Ratio0.80
Current Ratio1.54
Quick Ratio1.54
Price-To-Earnings
Trailing P/E Ratio-727.76
Forward P/E Ratio-3,638.82
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.21 billion
Price / Sales13.49
Cash FlowN/A
Price / CashN/A
Book Value$2.73 per share
Price / Book26.66
Profitability
EPS (Most Recent Fiscal Year)($0.10)
Net Income$-62,810,000.00
Net Margins-0.87%
Return on Equity-1.11%
Return on Assets-0.35%
Miscellaneous
Employees2,338
Outstanding Shares410,430,000
Market Cap$29.49 billion
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) released its quarterly earnings data on Wednesday, November, 7th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The technology company had revenue of $431 million for the quarter, compared to analysts' expectations of $414.19 million. Square had a negative return on equity of 1.11% and a negative net margin of 0.87%. The firm's quarterly revenue was up 67.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS. View Square's Earnings History.
When is Square's next earnings date?
What guidance has Square issued on next quarter's earnings?
Square issued an update on its fourth quarter earnings guidance on Wednesday, November, 7th. The company provided earnings per share (EPS) guidance of $0.12-0.13 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.15. The company issued revenue guidance of $446-451 million, compared to the consensus revenue estimate of $438.54 million.Square also updated its FY 2018 guidance to $0.45-0.46 EPS.
What price target have analysts set for SQ?
33 brokerages have issued 1-year target prices for Square's stock. Their predictions range from $30.00 to $115.00. On average, they expect Square's stock price to reach $82.8667 in the next twelve months. This suggests a possible upside of 13.9% 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 2 sell ratings, 14 hold ratings and 17 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. 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)
- 2. 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)
- 3. According to Zacks Investment Research, "Square is currently suffering from intensifying competition and changing technology in the online payment space. Further, higher investments and increasing product development expenses pose serious risk to the company’s profitability. Also, the company has large amount of accumulated deficit which is a major concern and poses threat to its margin expansion. However, its entry into bitcoin space remains positive for the business growth. Further, strengthening relationships with existing sellers along with growing number of larger sellers on the platform with the help of Square Register are expected to gross payment volume of the company. Notably, shares of Square have outperformed the industry it belongs to over a year. But, Square remains highly exposed to foreign exchange fluctuations." (7/3/2018)
- 4. BTIG Research analysts commented, "Threat, Weak 2Q18 EPS Guidance and Lofty Valuation While Square (SQ) today after the market close released a 1Q18 report featuring the company’s latest quarterly adjusted EBITDA beat and full- year guidance raise in terms of net and adjusted revenue and adjusted earnings per share, the initial reaction of SQ shares was to move lower. We believe that apparent disconnect can be attributed to three primary factors, with a fourth factor perhaps having some impact as well. First, less than two hours before SQ released its 1Q18 report the payment space was shaken by a media report that Amazon (AMZN, Not Rated) in an effort to expand adoption of its online payments service, Amazon Pay, had offered to pass through the discounts it receives on credit-card swipe fees to other retail merchants. The report emerged just days after SQ announced its acquisition of Weebly, a website creation platform, which the company framed as part of its effort to push from in-person payments to omnichannel commerce. In that regard, a more robust push by AMZN into the online payments space is bound to be viewed as a potential headwind for SQ, in our view." (5/3/2018)
Has Square been receiving favorable news coverage?
Press coverage about SQ stock has trended positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Square earned a news sentiment score of 2.2 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days.
Who are some of Square's key competitors?
Some companies that are related to Square include Adobe (ADBE), salesforce.com (CRM), VMware (VMW), Intuit (INTU), Activision Blizzard (ATVI), Dassault Systemes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Electronic Arts (EA), CA (CA), Check Point Software Technologies (CHKP), Shopify (SHOP), Citrix Systems (CTXS), Splunk (SPLK) and Symantec (SYMC).
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 IPO 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 acted 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 a variety of of retail and institutional investors. Top institutional shareholders include Capital World Investors (3.75%), Jennison Associates LLC (1.75%), Sumitomo Mitsui Trust Holdings Inc. (0.98%), FIL Ltd (0.72%), Nikko Asset Management Americas Inc. (0.71%) and KPCB DGF Associates LLC (0.46%). Company insiders that own Square stock include Ajmere Dale, Alyssa Henry, Francoise Brougher, Hillary B Smith, Jack Dorsey, Jacqueline D Reses, James Morgan Jr Mckelvey, Lawrence Henry Summers, 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 Capital World Investors, KPCB DGF Associates LLC, State Treasurer State of Michigan, Hsbc Holdings PLC, Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Nomura Asset Management Co. Ltd. and Clal Insurance Enterprises Holdings 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 purchased by a variety of institutional investors in the last quarter, including FIL Ltd, American Century Companies Inc., Massachusetts Financial Services Co. MA, Nan Shan Life Insurance Co. Ltd., Renaissance Technologies LLC, Scout Investments Inc., Mirae Asset Global Investments Co. Ltd. and Capital International Investors. 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 $72.74.
How big of a company is Square?
Square has a market capitalization of $29.49 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.
