FY2024 Earnings Forecast for PAGS Issued By KeyCorp

PagSeguro Digital Ltd. (NYSE:PAGS) – Equities researchers at KeyCorp issued their FY2024 EPS estimates for PagSeguro Digital in a report issued on Wednesday, December 18th. KeyCorp analyst A. Markgraff expects that the company will post earnings of $1.11 per share for the year. KeyCorp currently has a “Hold” rating on the stock. The consensus estimate for PagSeguro Digital’s current full-year earnings is $1.18 per share. KeyCorp also issued estimates for PagSeguro Digital’s Q4 2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.33 EPS, FY2025 earnings at $1.19 EPS and FY2026 earnings at $1.27 EPS.

Several other brokerages also recently issued reports on PAGS. Barclays decreased their target price on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Morgan Stanley restated an “underweight” rating and set a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. The Goldman Sachs Group cut their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their price objective on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PagSeguro Digital currently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

PagSeguro Digital Stock Up 2.2 %

Shares of PAGS stock opened at $6.40 on Friday. PagSeguro Digital has a 52 week low of $6.11 and a 52 week high of $14.98. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 5.29, a PEG ratio of 0.44 and a beta of 1.92. The stock has a fifty day moving average of $7.75 and a 200 day moving average of $10.03.

Institutional Investors Weigh In On PagSeguro Digital

Hedge funds and other institutional investors have recently made changes to their positions in the company. SPX Gestao de Recursos Ltda bought a new stake in shares of PagSeguro Digital during the 3rd quarter worth approximately $38,151,000. Marshall Wace LLP increased its stake in PagSeguro Digital by 55.5% in the second quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after purchasing an additional 2,497,968 shares during the period. Millennium Management LLC lifted its position in shares of PagSeguro Digital by 115.1% during the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock worth $44,585,000 after purchasing an additional 2,040,704 shares during the last quarter. State Street Corp boosted its stake in shares of PagSeguro Digital by 50.8% during the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after purchasing an additional 1,990,849 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of PagSeguro Digital by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock valued at $47,168,000 after purchasing an additional 1,144,590 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

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.