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

PagSeguro Digital (NYSE:PAGS - Get Free Report) released its quarterly earnings data on Friday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05, Zacks reports. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The business had revenue of $875.27 million during the quarter, compared to analysts' expectations of $872.66 million.

PagSeguro Digital Stock Up 1.6 %

PAGS traded up $0.13 on Tuesday, hitting $7.91. 5,783,077 shares of the company traded hands, compared to its average volume of 4,564,430. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $14.98. The company has a 50 day moving average of $6.98 and a 200-day moving average of $8.32. The stock has a market capitalization of $2.61 billion, a PE ratio of 6.53, a PEG ratio of 0.51 and a beta of 1.95.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Bank of America reaffirmed a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Citigroup reiterated a "neutral" rating and set a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. Susquehanna reduced their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a research report on Monday, November 18th. Finally, KeyCorp raised PagSeguro Digital to a "hold" rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.18.

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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.