Q1 2019 Earnings Forecast for PagSeguro Digital Ltd (PAGS) Issued By KeyCorp

PagSeguro Digital Ltd (NYSE:PAGS) – Research analysts at KeyCorp reduced their Q1 2019 earnings per share estimates for shares of PagSeguro Digital in a report released on Sunday, May 12th. KeyCorp analyst J. Beck now anticipates that the company will post earnings of $0.23 per share for the quarter, down from their previous forecast of $0.24. KeyCorp also issued estimates for PagSeguro Digital’s Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.33 EPS, FY2019 earnings at $1.13 EPS, Q1 2020 earnings at $0.30 EPS, Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.38 EPS, Q4 2020 earnings at $0.40 EPS and FY2020 earnings at $1.44 EPS.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.76. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. PagSeguro Digital had a return on equity of 18.34% and a net margin of 20.83%. PagSeguro Digital’s revenue for the quarter was up 34.8% on a year-over-year basis.



Several other research firms have also recently weighed in on PAGS. JPMorgan Chase & Co. upgraded PagSeguro Digital from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $27.00 to $35.00 in a report on Wednesday, March 27th. Zacks Investment Research cut PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Finally, HSBC started coverage on PagSeguro Digital in a report on Tuesday, May 7th. They set a “reduce” rating and a $24.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. PagSeguro Digital currently has a consensus rating of “Hold” and an average price target of $31.52.

NYSE:PAGS opened at $25.69 on Wednesday. The stock has a market cap of $8.97 billion, a PE ratio of 29.19, a PEG ratio of 0.85 and a beta of 0.94. PagSeguro Digital has a 1-year low of $17.02 and a 1-year high of $36.07.

Hedge funds have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC bought a new stake in PagSeguro Digital in the first quarter valued at approximately $28,000. Marshall Wace LLP bought a new stake in PagSeguro Digital in the first quarter valued at approximately $60,000. Catamount Wealth Management bought a new stake in PagSeguro Digital in the first quarter valued at approximately $66,000. Tortoise Index Solutions LLC bought a new stake in PagSeguro Digital in the first quarter valued at approximately $71,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in PagSeguro Digital in the first quarter valued at approximately $90,000.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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Earnings History and Estimates for PagSeguro Digital (NYSE:PAGS)

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