FY2024 Earnings Forecast for PAGS Issued By KeyCorp

PagSeguro Digital Ltd. (NYSE:PAGS) – Stock analysts at KeyCorp issued their FY2024 earnings per share (EPS) estimates for shares of PagSeguro Digital in a research note issued to investors on Wednesday, December 18th. KeyCorp analyst A. Markgraff anticipates that the company will earn $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.

A number of other analysts have also recently commented on the company. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays lowered their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group lowered 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. Finally, Morgan Stanley reissued an “underweight” rating and set a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.00.

PagSeguro Digital Trading Up 2.2 %

Shares of PAGS opened at $6.40 on Friday. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $14.98. The stock has a market cap of $2.11 billion, a P/E ratio of 5.29, a PEG ratio of 0.44 and a beta of 1.92. The company has a 50-day moving average of $7.75 and a two-hundred day moving average of $10.03.

Hedge Funds Weigh In On PagSeguro Digital

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of PagSeguro Digital by 23.8% during the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock valued at $3,478,000 after buying an additional 77,543 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in PagSeguro Digital in the third quarter valued at approximately $38,151,000. DGS Capital Management LLC bought a new position in shares of PagSeguro Digital during the third quarter valued at approximately $113,000. Tidal Investments LLC acquired a new stake in shares of PagSeguro Digital during the 3rd quarter worth approximately $339,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of PagSeguro Digital in the 3rd quarter worth approximately $157,000. 45.88% of the stock is currently owned by institutional investors.

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.