StoneCo (STNE) Scheduled to Post Earnings on Tuesday

StoneCo (NASDAQ:STNE) will post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect StoneCo to post earnings of $0.32 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). StoneCo had a return on equity of 13.21% and a net margin of 15.27%. The company had revenue of $615.13 million during the quarter, compared to analysts’ expectations of $590.74 million. On average, analysts expect StoneCo to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

StoneCo Stock Performance

Shares of STNE opened at $11.30 on Monday. The company has a market capitalization of $3.49 billion, a PE ratio of 9.19, a PEG ratio of 0.40 and a beta of 2.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.36. The company’s 50 day moving average price is $11.44 and its 200 day moving average price is $12.89. StoneCo has a 52 week low of $10.20 and a 52 week high of $19.46.

Analyst Upgrades and Downgrades

Several research firms have recently commented on STNE. Barclays lowered their price target on shares of StoneCo from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. UBS Group upped their target price on StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley reiterated an “underweight” rating and set a $7.00 price target (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. Finally, Cantor Fitzgerald raised StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.70.

StoneCo Company Profile

StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.