William Blair Weighs in on Block’s FY2025 Earnings (NYSE:SQ)

Block, Inc. (NYSE:SQ) – William Blair lifted their FY2025 EPS estimates for shares of Block in a report released on Tuesday, January 7th. William Blair analyst A. Jeffrey now forecasts that the technology company will earn $2.85 per share for the year, up from their previous forecast of $2.84. 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 equities research analysts also recently issued reports on SQ. Canaccord Genuity Group upped their price target on shares of Block from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Piper Sandler restated an “overweight” rating and set a $83.00 target price on shares of Block in a research report on Monday, November 11th. The Goldman Sachs Group lifted their price target on Block from $87.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Needham & Company LLC upped their price objective on Block from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Raymond James upgraded Block from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Block has a consensus rating of “Moderate Buy” and an average price target of $96.77.

Block Stock Performance

NYSE SQ opened at $86.61 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07. Block has a 1-year low of $55.00 and a 1-year high of $99.26. The business has a 50 day simple moving average of $88.39 and a two-hundred day simple moving average of $73.83. The stock has a market capitalization of $53.68 billion, a PE ratio of 48.66, a P/E/G ratio of 1.23 and a beta of 2.51.

Insiders Place Their Bets

In other Block news, insider Chrysty Esperanza sold 2,964 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $80.00, for a total transaction of $237,120.00. Following the sale, the insider now directly owns 88,607 shares in the company, valued at $7,088,560. This represents a 3.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Amrita Ahuja sold 1,502 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $86.52, for a total transaction of $129,953.04. Following the completion of the transaction, the chief financial officer now owns 242,199 shares of the company’s stock, valued at approximately $20,955,057.48. This trade represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,981 shares of company stock valued at $2,681,185 over the last quarter. 10.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Block

Institutional investors have recently added to or reduced their stakes in the business. SouthState Corp increased its holdings in shares of Block by 85.3% in the 3rd quarter. SouthState Corp now owns 391 shares of the technology company’s stock valued at $26,000 after acquiring an additional 180 shares during the period. Versant Capital Management Inc increased its stake in Block by 67.7% in the fourth quarter. Versant Capital Management Inc now owns 394 shares of the technology company’s stock valued at $33,000 after purchasing an additional 159 shares during the period. True Wealth Design LLC raised its holdings in shares of Block by 64.7% in the third quarter. True Wealth Design LLC now owns 494 shares of the technology company’s stock valued at $33,000 after buying an additional 194 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Block during the third quarter worth about $46,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Block during the third quarter worth about $57,000. Hedge funds and other institutional investors own 70.44% 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.