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$3.30 billion
Profitability
Miscellaneous
Employees3,349
Next Earnings Date5/1/2019 (Estimated)
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 earnings results on Wednesday, February, 27th. The technology company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.04. The technology company earned $464 million during the quarter, compared to analysts' expectations of $453.88 million. Square had a positive return on equity of 0.86% and a negative net margin of 1.17%. Square's revenue for the quarter was up 64.0% on a year-over-year basis. During the same period last year, the business posted $0.08 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 FY19 earnings guidance on Wednesday, February, 27th. The company provided earnings per share (EPS) guidance of $0.74-0.78 for the period, compared to the Thomson Reuters consensus estimate of $0.71. The company issued revenue guidance of $2.22-2.25 billion, compared to the consensus revenue estimate of $2.25 billion.Square also updated its FY 2019 guidance to $0.74-0.78 EPS.
What price target have analysts set for SQ?
33 analysts have issued 1-year target prices for Square's shares. Their forecasts range from $30.00 to $110.00. On average, they expect Square's stock price to reach $85.2514 in the next twelve months. This suggests a possible upside of 14.4% 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. Cantor Fitzgerald analysts commented, ": We maintain our Overweight rating on Square and our 12- month PT of $91. 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 issued 2019 revenue guidance below guidance. Gross Payment Volumes continued to have outsized growth in the period. We expect rapid growth to continue and foresee further margin expansion going forward, although our margin expectations have moderated. We expect these factors to drive the stock’s performance as the company continues to build out its ecosystem." (2/27/2019)
- 2. 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)
- 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 somewhat negative on Monday, according to InfoTrie. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Square earned a news sentiment score of -1.1 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near 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), Activision Blizzard (ATVI), Autodesk (ADSK), Electronic Arts (EA), Shopify (SHOP), Check Point Software Technologies (CHKP), CA (CA), Splunk (SPLK), Veeva Systems (VEEV), Cadence Design Systems (CDNS) and Synopsys (SNPS).
What other stocks do shareholders of Square own?
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 (IPO) on Thursday, November 19th 2015. The company issued 27,000,000 shares at $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 investors 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 Norges Bank (0.61%). 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 and Sivan Whiteley. View Institutional Ownership Trends for Square.
Which major 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, 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 major investors are buying Square stock?
SQ stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, Jennison Associates LLC, Sumitomo Mitsui Asset Management Company LTD, Nikko Asset Management Americas Inc., Millennium Management LLC, American Century Companies Inc. and Westfield Capital Management Co. LP. 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 $74.55.
How big of a company is Square?
Square has a market capitalization of $31.29 billion and generates $3.30 billion in revenue each year. The technology company earns $-38,450,000.00 in net income (profit) each year or $0.02 on an earnings per share basis. Square employs 3,349 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.
