A Potential 10% Yield On Long Square Inc. Position [Seeking Alpha]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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US:NYSE Investor Relations:
squareup.com/about/investors
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Source: Seeking Alpha
A Potential 10% Yield On Long Square Inc. Position Summary Square Inc.'s fair value is estimated at $74 and seeking to establish a long position between $64 and $65. I am writing put options at $65 to receive a short-term 10% yield if Square Inc. trades above the strike price by May 31st, 2019. I am bullish on Square Inc.'s long-term strategy to grow the support ecosystem for small and mid-sized retailers and on the potential of Cash App. I am bullish long term on Square Inc. ( SQ Year (in US$M) 2013 2014 2015 2016 2017 2018 Revenue 552.43 850.19 1,267.12 1,708.72 2,214.25 3,298.18 Gross Profit 128.79 226.07 370.03 576.04 839.31 1,303.70 Gross Margin 23.3% 26.6% 29.2% 33.7% 37.9% 39.5% SG&A Exp. 133.10 206.80 289.08 425.87 503.72 750.40 D&A Exp. 8.27 18.59 27.63 37.75 37.28 60.96 EBITDA (96.67) (131.91) (146.83) (132.71) (16.93) 24.35 EBITDA Margin -17.5% -15.5% -11.6% -7.8% -0.8% 0.7% Operating Profit (104.94) (150.49) (174.46) (170.45) (54.21) (36.61) Operating Margin -19.0% -17.7%
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SQ
News
- Block, Inc. (NYSE: SQ) had its "buy" rating re-affirmed by analysts at Mizuho. They now have a $99.00 price target on the stock.MarketBeat
- Block, Inc. (NYSE: SQ) had its price target raised by analysts at KeyCorp from $80.00 to $95.00. They now have an "overweight" rating on the stock.MarketBeat
- Block, Inc. (NYSE: SQ) had its "in-line" rating re-affirmed by analysts at Evercore ISI. They now have a $75.00 price target on the stock.MarketBeat
- Here's Why Block (SQ) Maintained Upward Momentum [Yahoo! Finance]Yahoo! Finance
- Top global buyers across 19 countries sign-up for Buddy's global marketplace for recycled metal [Yahoo! Finance]Yahoo! Finance
SQ
Earnings
- 2/22/24 - Beat
SQ
Sec Filings
- 3/15/24 - Form 4
- 3/13/24 - Form 144
- 3/6/24 - Form 4
- SQ's page on the SEC website