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
Current Ratio1.54
Quick Ratio1.54
Price-To-Earnings
Sales & Book Value
Annual Sales$2.21 billion
Price / Sales12.32
Price / Cash FlowN/A
Price / Book33.15
Profitability
Net Income$-62,810,000.00
Net Margins-0.87%
Return on Assets-0.35%
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) issued its quarterly earnings results on Wednesday, November, 7th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' 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 revenue for the quarter was up 67.7% on a year-over-year basis. During the same quarter in the previous 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 updated 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 brokers have issued 1 year target prices for Square's stock. Their forecasts range from $30.00 to $115.00. On average, they anticipate Square's stock price to reach $85.2414 in the next year. This suggests a possible upside of 29.2% 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, 12 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 coverage about SQ stock has trended somewhat positive on Tuesday, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Square earned a coverage optimism score of 1.9 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term.
Are investors shorting Square?
Square saw a decrease in short interest in the month of November. As of November 30th, there was short interest totalling 28,513,021 shares, a decrease of 9.1% from the November 15th total of 31,355,154 shares. Based on an average trading volume of 15,719,607 shares, the short-interest ratio is currently 1.8 days. Approximately 9.5% of the shares of the stock are short sold. View Square's Current Options Chain.
Who are some of Square's key competitors?
Some companies that are related to Square include VMware (VMW), Intuit (INTU), Activision Blizzard (ATVI), ServiceNow (NOW), Dassault Systemes (DASTY), Autodesk (ADSK), Electronic Arts (EA), CA (CA), Splunk (SPLK), Check Point Software Technologies (CHKP), Shopify (SHOP), Veeva Systems (VEEV), Citrix Systems (CTXS), Synopsys (SNPS) and ANSYS (ANSS).
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 number of of retail and institutional investors. Top institutional shareholders include Scout Investments Inc. (0.05%), Regents of The University of California (0.03%), Gulf International Bank UK Ltd (0.02%), Eagle Capital Management LLC (0.01%), State of Alaska Department of Revenue (0.01%) and DNB Asset Management AS (0.01%). 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, Mary G Meeker, Sarah Friar, Sivan Whiteley and Ventures Iii LP Khosla. 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 Scout Investments Inc., Eagle Capital Management LLC, Gulf International Bank UK Ltd, Intl Fcstone Inc., HMS Capital Management LLC, Steward Partners Investment Advisory LLC and Horan Capital Management. 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 major investors are buying Square stock?
SQ stock was acquired by a variety of institutional investors in the last quarter, including Regents of The University of California, Fox Run Management L.L.C., New England Research & Management Inc., Private Asset Management Inc., Cerebellum GP LLC, Hollencrest Capital Management, CENTRAL TRUST Co and DNB Asset Management AS. 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 $65.96.
How big of a company is Square?
Square has a market capitalization of $27.39 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.
