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PAGS

PagSeguro Digital

$46.25

0.46 (1.00%)

08:59
10/15/19
10/15
08:59
10/15/19
08:59

PagSeguro Digital sees Q3 non-GAAP net income R$522M-R$537M

In a regulatory filing earlier, PagSeguro Digital announced preliminary operational and financial results for the third quarter of 2019. PagBank active users at September 30, 2019 is expected to be approximately 1.9 million, compared to 1.4 million at June 30, 2019. Total Payment Volume, or TPV, for the three months is expected to be approximately R$29.4B, compared with R$20.3B for the three months ended September 30, 2018. Net take rate for the three months ended September 30, 2019 is expected to be approximately 3.11%, remaining stable compared with previous three-month periods in 2019. Non-GAAP net income for the three months is expected to be between R$377.5M and R$387.5M, compared with R$290.4M for the three months ended September 30, 2018 "In the third quarter of 2019, we continued to deliver strong results combining growth and profitability leading to significant advancements in our strategic roadmap. Our preliminary results and key operational highlights for 3Q19 demonstrate our continued focus on execution and performance on our platform. We are particularly pleased with the rapid evolution and strong performance of our long-tail market strategy, well ahead of our original net additions plan of 1 million new clients for the year. We are also very enthusiastic by the progress and positive feedback from our clients in connection with our new solutions in digital banking, PagBank, with 1.9 million active users at the end of 3Q19. Furthermore, our current scale and operational leverage has allowed us to continue growing PagBank ahead of expectations while delivering profitability. We are happy to see the continued commitment and strengthening of our management team, which remains 100% focused on servicing our customers. We are all very excited with the prospects of the blue ocean in the long-tail market ahead of us, which combined with PagBank's total addressable market, increases our potential addressable market by 14x.," said Ricardo Dutra, CEO of PagSeguro.

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PAGS PagSeguro Digital
$46.25

0.46 (1.00%)

07/22/19
07/22/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Micron (MU) upgraded to Buy from Neutral at Goldman Sachs with analyst Mark Delaney saying he is now more positive on global memory stocks as he believes that the excess inventory memory companies are carrying will be depleted faster than previous expectations, primarily in NAND flash. 2. PolyOne (POL) upgraded to Outperform from Neutral at Baird. 3. Hershey (HSY) upgraded to Neutral from Sell at UBS with analyst Steven Strycula saying consolidation in U.S. confection has driven better "category stewardship" while pricing power in the space is stronger than initially thought. 4. Autoliv (ALV) upgraded to Buy from Hold at Nordea. 5. StoneCo (STNE) was upgraded to Outperform from Neutral at Credit Suisse while PagSeguro Digital (PAGS) was upgraded to Neutral from Underperform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/06/19
DBAB
08/06/19
NO CHANGE
Target $57
DBAB
Buy
PagSeguro Digital price target raised to $57 from $40 at Deutsche Bank
Deutsche Bank analyst Bryan Keane raised his price target for PagSeguro Digital to $57 from $40 ahead of the company's Q2 results on August 15. The analyst expects the company's "strong" growth to continue and views fundamentals as "solid." he keeps a Buy rating on the shares.
08/08/19
KEYB
08/08/19
NO CHANGE
Target $55
KEYB
Overweight
PagSeguro Digital price target raised to $55 from $36 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for PagSeguro Digital (PAGS) to $55 from $36 on sum-of-the-parts valuation. The analyst believes the narrative around the consumer-focused PagBank digital account could start to develop similar to other successful FinApps like Square (SQ)/Cash App or PayPal (PYPL)/Venmo. He reiterates an Overweight rating on PagSeguro Digital's shares.
09/17/19
HSBC
09/17/19
UPGRADE
HSBC
Hold
PagSeguro Digital upgraded to Hold from Reduce at HSBC

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