What is William Blair's Forecast for Block FY2025 Earnings?

Block, Inc. (NYSE:SQ - Free Report) - Equities researchers at William Blair upped their FY2025 EPS estimates for shares of Block in a research note issued on Tuesday, January 7th. William Blair analyst A. Jeffrey now forecasts that the technology company will post earnings of $2.85 per share for the year, up from their previous forecast of $2.84. William Blair has a "Outperform" rating on the stock. The consensus estimate for Block's current full-year earnings is $1.73 per share.

Other equities analysts also recently issued reports about the company. Keefe, Bruyette & Woods lowered their price target on Block from $105.00 to $100.00 and set a "market perform" rating for the company in a report on Monday. Morgan Stanley raised their price target on Block from $60.00 to $65.00 and gave the stock an "underweight" rating in a report on Wednesday, December 18th. Oppenheimer raised Block from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a research report on Thursday, December 19th. Macquarie lifted their price objective on shares of Block from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Finally, Barclays boosted their target price on Block from $100.00 to $112.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, Block has a consensus rating of "Moderate Buy" and an average target price of $96.77.

Block Stock Down 1.2 %

NYSE:SQ traded down $1.07 during trading hours on Thursday, hitting $86.61. The company's stock had a trading volume of 5,924,641 shares, compared to its average volume of 7,113,939. The stock has a fifty day moving average of $88.39 and a 200-day moving average of $73.83. The stock has a market capitalization of $53.68 billion, a P/E ratio of 48.66, a price-to-earnings-growth ratio of 1.23 and a beta of 2.51. Block has a 52-week low of $55.00 and a 52-week high of $99.26. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26.

Insider Transactions at Block

In other news, CAO Ajmere Dale sold 1,000 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $80.00, for a total transaction of $80,000.00. Following the completion of the sale, the chief accounting officer now directly owns 88,791 shares in the company, valued at $7,103,280. This represents a 1.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian Grassadonia sold 8,328 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $91.18, for a total value of $759,347.04. Following the completion of the transaction, the insider now directly owns 563,894 shares in the company, valued at $51,415,854.92. This trade represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,981 shares of company stock worth $2,681,185 over the last quarter. 10.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Block

Several institutional investors and hedge funds have recently added to or reduced their stakes in SQ. Southpoint Capital Advisors LP acquired a new position in shares of Block during the 3rd quarter valued at $114,121,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Block by 770.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,738,708 shares of the technology company's stock worth $116,719,000 after purchasing an additional 1,538,849 shares in the last quarter. Lone Pine Capital LLC lifted its stake in shares of Block by 13.9% during the second quarter. Lone Pine Capital LLC now owns 7,670,523 shares of the technology company's stock worth $494,672,000 after purchasing an additional 934,588 shares in the last quarter. D1 Capital Partners L.P. boosted its position in shares of Block by 76.7% in the second quarter. D1 Capital Partners L.P. now owns 1,831,342 shares of the technology company's stock worth $118,103,000 after buying an additional 795,000 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of Block by 1,061.0% in the second quarter. Canada Pension Plan Investment Board now owns 657,667 shares of the technology company's stock valued at $42,413,000 after buying an additional 601,020 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

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.