Research Analysts Issue Forecasts for Block Q2 Earnings

Block, Inc. (NYSE:SQ) – Investment analysts at William Blair upped their Q2 2025 earnings per share estimates for Block in a note issued to investors on Tuesday, January 7th. William Blair analyst A. Jeffrey now anticipates that the technology company will post earnings per share of $0.71 for the quarter, up from their prior forecast of $0.70. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Block’s current full-year earnings is $1.73 per share.

A number of other research firms also recently weighed in on SQ. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 price target on shares of Block in a research note on Monday, October 21st. Keefe, Bruyette & Woods decreased their price target on Block from $105.00 to $100.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. Macquarie raised their price target on Block from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. BMO Capital Markets downgraded Block from an “outperform” rating to a “market perform” rating and raised their price target for the company from $94.00 to $100.00 in a research note on Monday, November 25th. Finally, Sanford C. Bernstein raised their price target on Block from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.77.

Block Stock Down 4.7 %

NYSE:SQ opened at $82.66 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $51.23 billion, a PE ratio of 46.44, a PEG 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 stock has a 50-day simple moving average of $88.60 and a 200 day simple moving average of $74.03.

Institutional Trading of Block

A number of institutional investors and hedge funds have recently modified their holdings of the business. SouthState Corp increased its position in Block by 85.3% in the third quarter. SouthState Corp now owns 391 shares of the technology company’s stock worth $26,000 after buying an additional 180 shares during the last quarter. Versant Capital Management Inc increased its position in Block by 67.7% in the fourth quarter. Versant Capital Management Inc now owns 394 shares of the technology company’s stock worth $33,000 after buying an additional 159 shares during the last quarter. True Wealth Design LLC increased its position in Block by 64.7% in the third quarter. True Wealth Design LLC now owns 494 shares of the technology company’s stock worth $33,000 after buying an additional 194 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Block in the third quarter worth $46,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Block in the third quarter valued at $57,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Block news, CAO Ajmere Dale sold 1,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the transaction, the chief accounting officer now owns 88,791 shares in the company, valued at approximately $7,103,280. This represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chrysty Esperanza sold 2,964 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $80.00, for a total value of $237,120.00. Following the completion of the transaction, the insider now owns 88,607 shares in the company, valued at $7,088,560. This represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,981 shares of company stock worth $2,681,185. Corporate insiders own 10.49% of the company’s stock.

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.