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
SymbolNYSE:SQ
CUSIPN/A
Phone415-375-3176
Debt
Debt-to-Equity Ratio0.45
Current Ratio1.76
Quick Ratio1.76
Price-To-Earnings
Trailing P/E Ratio-675.90
Forward P/E Ratio6,759.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.21 billion
Price / Sales12.23
Cash FlowN/A
Price / CashN/A
Book Value$1.99 per share
Price / Book33.96
Profitability
EPS (Most Recent Fiscal Year)($0.10)
Net Income$-62,810,000.00
Net Margins-2.96%
Return on Equity-7.03%
Return on Assets-2.54%
Miscellaneous
Employees2,338
Outstanding Shares400,690,000
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) posted its earnings results on Wednesday, May, 2nd. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The technology company earned $307 million during the quarter, compared to the consensus estimate of $293.07 million. Square had a negative net margin of 2.96% and a negative return on equity of 7.03%. The firm's revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. 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 FY18 earnings guidance on Thursday, May, 31st. The company provided EPS guidance of $0.42-$0.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.46. The company issued revenue guidance of $1.45-$1.48 billion, compared to the consensus revenue estimate of $1.43 billion.Square also updated its Q2 guidance to $0.09-$0.11 EPS.
What price target have analysts set for SQ?
34 Wall Street analysts have issued 12 month target prices for Square's shares. Their forecasts range from $19.50 to $70.00. On average, they expect Square's share price to reach $48.5645 in the next twelve months. 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 $69 from $51. 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 updated guidance for the projected impact from the recently acquired the recent issuance of convertible debt. We expect rapid growth to continue and foresee further margin expansion going forward, driving stock performance." (6/1/2018)
- 2. 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)
- 3. According to Zacks Investment Research, "Square’s strong retention rate and robust product performance remain its key growth drivers. The company is currently benefiting from strength in core payments business and operating expense leverage. Square’s focus on integration, automation, and platform are driving customer base. Moreover, automation is enabling the company to increase reach of financial system to more people, scale up its own operations and help sellers with advanced CRM tools. Square has substantially outperformed the industry it belongs to in the past year. However, intensifying competition is a significant headwind. Further, foreign exchange fluctuations remain a concern." (5/1/2018)
Who are some of Square's key competitors?
Some companies that are related to Square include salesforce.com (CRM), VMware (VMW), Activision Blizzard (ATVI), Intuit (INTU), Electronic Arts (EA), Dassault Systemes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Shopify (SHOP), Splunk (SPLK), Dropbox (DBX), Check Point Software Technologies (CHKP), CA Technologies (CA), ANSYS (ANSS) and Citrix Systems (CTXS).
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 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.
Has Square been receiving favorable news coverage?
News headlines about SQ stock have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Square earned a media sentiment score of 0.09 on Accern's scale. They also assigned news headlines about the technology company an impact score of 46.40 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Square's major shareholders?
Square's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (1.10%), Whale Rock Capital Management LLC (0.92%), Clal Insurance Enterprises Holdings Ltd (0.68%), State Treasurer State of Michigan (0.64%), Nomura Asset Management Co. Ltd. (0.46%) and Northern Trust Corp (0.39%). Company insiders that own Square stock include Ajmere Dale, Alyssa Henry, Dana Wagner, Francoise Brougher, Hillary B Smith, Jack Dorsey, Jacqueline D Reses, James Morgan Jr Mckelvey, Lawrence Henry Summers, Mary G Meeker, Sarah Friar 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 Clal Insurance Enterprises Holdings Ltd, Millennium Management LLC, Public Employees Retirement Association of Colorado, Columbus Circle Investors, Chicago Equity Partners LLC, Victory Capital Management Inc., Quadrature Capital Ltd and Eagle Asset Management Inc.. Company insiders that have sold Square company stock in the last year include Ajmere Dale, Hillary B Smith, Jack Dorsey, Jacqueline D Reses, James Morgan Jr Mckelvey, Mary G Meeker and Sarah Friar. View Insider Buying and Selling for Square.
Which institutional investors are buying Square stock?
SQ stock was bought by a variety of institutional investors in the last quarter, including Whale Rock Capital Management LLC, State Treasurer State of Michigan, Hsbc Holdings PLC, Lord Abbett & CO. LLC, Sumitomo Mitsui Trust Holdings Inc., US Bancorp DE, Nomura Asset Management Co. Ltd. and Summit Trail 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 $67.59.
How big of a company is Square?
Square has a market capitalization of $26.53 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.
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 (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.
