PagSeguro Digital (NYSE:PAGS) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

PagSeguro Digital (NYSE:PAGS) posted its quarterly earnings results on Friday. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05, Zacks reports. The company had revenue of $875.27 million for the quarter, compared to the consensus estimate of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%.

PagSeguro Digital Stock Down 1.5 %

PAGS stock opened at $8.04 on Friday. PagSeguro Digital has a 52 week low of $6.11 and a 52 week high of $14.98. The firm has a 50 day moving average of $6.96 and a 200 day moving average of $8.40. The stock has a market capitalization of $2.65 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 0.51 and a beta of 1.95.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. The Goldman Sachs Group reduced their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. Citigroup reissued a “neutral” rating and set a $7.00 target price (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.18.

About PagSeguro Digital

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.