Block (SQ) to Release Earnings on Thursday

Block (NYSE:SQ) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Block to post earnings of $0.88 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Block Price Performance

Block stock traded up $0.02 during trading hours on Tuesday, hitting $72.71. The stock had a trading volume of 774,637 shares, compared to its average volume of 7,868,741. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market capitalization of $44.76 billion, a price-to-earnings ratio of 56.37, a PEG ratio of 0.99 and a beta of 2.48. Block has a 1-year low of $48.15 and a 1-year high of $87.52. The stock’s fifty day moving average is $68.15 and its two-hundred day moving average is $66.86.

Insider Activity

In other news, CFO Amrita Ahuja sold 5,935 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $65.53, for a total value of $388,920.55. Following the completion of the sale, the chief financial officer now owns 255,496 shares in the company, valued at approximately $16,742,652.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Block news, CFO Amrita Ahuja sold 5,935 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $65.53, for a total transaction of $388,920.55. Following the completion of the sale, the chief financial officer now owns 255,496 shares in the company, valued at $16,742,652.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Grassadonia sold 8,328 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $64.77, for a total value of $539,404.56. Following the sale, the insider now owns 580,086 shares of the company’s stock, valued at approximately $37,572,170.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,214 shares of company stock worth $1,637,932. 10.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Benchmark restated a “buy” rating and issued a $99.00 price objective on shares of Block in a research report on Friday, August 2nd. Needham & Company LLC reduced their price objective on Block from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. BMO Capital Markets reduced their price objective on Block from $93.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. New Street Research assumed coverage on Block in a research report on Monday, September 9th. They issued a “neutral” rating and a $70.00 price objective on the stock. Finally, Macquarie restated an “outperform” rating and issued a $100.00 price objective on shares of Block in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $88.79.

Block Company Profile

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.