What is William Blair’s Forecast for Block FY2025 Earnings?

Block, Inc. (NYSE:SQ) – Stock analysts at William Blair raised their FY2025 earnings per share (EPS) estimates for shares of Block in a note issued to investors on Tuesday, January 7th. William Blair analyst A. Jeffrey now forecasts that the technology company will post earnings per share of $2.85 for the year, up from their prior forecast of $2.84. William Blair 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 analysts also recently commented on SQ. Keefe, Bruyette & Woods decreased their target price on Block from $105.00 to $100.00 and set a “market perform” rating for the company in a research note on Monday. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective on shares of Block in a research report on Monday, November 11th. Canaccord Genuity Group lifted their target price on Block from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer raised Block from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research note on Thursday, December 19th. Finally, Needham & Company LLC upped their price target on shares of Block from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Block has a consensus rating of “Moderate Buy” and a consensus price target of $96.77.

Block Trading Down 1.2 %

NYSE SQ opened at $86.61 on Thursday. The firm has a market capitalization of $53.68 billion, a PE ratio of 48.66, a price-to-earnings-growth ratio of 1.23 and a beta of 2.51. Block has a one year low of $55.00 and a one year high of $99.26. The company has a 50-day simple moving average of $88.11 and a 200-day simple moving average of $73.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07.

Insider Buying and Selling

In related news, insider Chrysty Esperanza sold 2,964 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $80.00, for a total transaction of $237,120.00. Following the transaction, the insider now directly owns 88,607 shares in the company, valued at $7,088,560. The trade was a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Ajmere Dale sold 1,000 shares of the business’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 $80,000.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 29,981 shares of company stock worth $2,681,185 in the last quarter. 10.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Block

Hedge funds and other institutional investors have recently made changes to their positions in the business. SouthState Corp raised its stake in Block by 85.3% during the third quarter. SouthState Corp now owns 391 shares of the technology company’s stock worth $26,000 after acquiring an additional 180 shares in the last quarter. True Wealth Design LLC lifted its holdings in Block by 64.7% during the 3rd quarter. True Wealth Design LLC now owns 494 shares of the technology company’s stock valued at $33,000 after purchasing an additional 194 shares during the last quarter. Versant Capital Management Inc grew its stake in Block by 67.7% during 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. V Square Quantitative Management LLC acquired a new stake in shares of Block during the third quarter worth approximately $46,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Block in the third quarter valued at approximately $57,000. 70.44% of the stock is owned by institutional investors.

About Block

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.