William Blair Analysts Lift Earnings Estimates for Block, Inc. (NYSE:SQ)

Block, Inc. (NYSE:SQ - Free Report) - Research analysts at William Blair raised their FY2025 EPS estimates for Block in a research note issued on Tuesday, September 3rd. William Blair analyst A. Jeffrey now anticipates that the technology company will post earnings per share of $2.64 for the year, up from their previous estimate of $2.63. William Blair currently has a "Strong-Buy" rating on the stock. The consensus estimate for Block's current full-year earnings is $1.72 per share. William Blair also issued estimates for Block's Q4 2025 earnings at $0.72 EPS.

Block (NYSE:SQ - Get Free Report) last announced its earnings results on Thursday, August 1st. The technology company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.09. Block had a return on equity of 3.77% and a net margin of 3.47%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the business earned $0.40 EPS. The firm's revenue for the quarter was up 11.2% on a year-over-year basis.

Several other research firms have also recently issued reports on SQ. Susquehanna reiterated a "positive" rating and issued a $100.00 price objective on shares of Block in a report on Wednesday, June 26th. Needham & Company LLC decreased their price target on Block from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, August 5th. Morgan Stanley dropped their price objective on Block from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Tuesday, July 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $88.00 target price on shares of Block in a research note on Friday, August 2nd. Finally, UBS Group dropped their price target on shares of Block from $100.00 to $92.00 and set a "buy" rating on the stock in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $87.52.

Block Price Performance

Block stock traded up $0.50 during trading hours on Thursday, hitting $64.58. 3,676,005 shares of the company traded hands, compared to its average volume of 8,536,137. Block has a 1-year low of $38.85 and a 1-year high of $87.52. The firm has a market cap of $39.76 billion, a P/E ratio of 83.21, a P/E/G ratio of 1.16 and a beta of 2.49. The firm's 50-day simple moving average is $64.32 and its two-hundred day simple moving average is $69.76. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.26.

Hedge Funds Weigh In On Block

Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in Block during the 2nd quarter valued at $3,145,000. Coronation Fund Managers Ltd. acquired a new stake in Block during the second quarter worth about $7,532,000. SRN Advisors LLC increased its stake in Block by 25.6% during the second quarter. SRN Advisors LLC now owns 25,716 shares of the technology company's stock valued at $1,658,000 after acquiring an additional 5,248 shares during the period. New Century Financial Group LLC raised its holdings in Block by 28.4% in the 2nd quarter. New Century Financial Group LLC now owns 17,026 shares of the technology company's stock valued at $1,098,000 after acquiring an additional 3,769 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Block in the 2nd quarter valued at approximately $5,616,000. Institutional investors and hedge funds own 70.44% of the company's stock.

Insider Buying and Selling at Block

In other Block news, Director Roelof Botha acquired 434,405 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average price of $57.55 per share, with a total value of $25,000,007.75. Following the completion of the transaction, the director now owns 434,405 shares in the company, valued at $25,000,007.75. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Chrysty Esperanza sold 2,500 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $70.00, for a total transaction of $175,000.00. Following the transaction, the insider now owns 92,048 shares of the company's stock, valued at approximately $6,443,360. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Roelof Botha bought 434,405 shares of Block stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $57.55 per share, with a total value of $25,000,007.75. Following the completion of the acquisition, the director now owns 434,405 shares in the company, valued at approximately $25,000,007.75. The disclosure for this purchase can be found here. Insiders have sold 28,179 shares of company stock worth $1,833,962 over the last 90 days. 10.49% of the stock is currently owned by corporate insiders.

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.