StoneCo (NASDAQ:STNE) Posts Earnings Results, Beats Expectations By $0.07 EPS

StoneCo (NASDAQ:STNEGet Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07, Zacks reports. The business had revenue of $582.20 million for the quarter, compared to analysts’ expectations of $3.59 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%.

StoneCo Trading Up 15.5 %

Shares of STNE opened at $11.38 on Thursday. StoneCo has a 52-week low of $7.72 and a 52-week high of $17.93. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average is $9.23 and its two-hundred day moving average is $9.97. The stock has a market cap of $3.52 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on STNE shares. JPMorgan Chase & Co. dropped their price objective on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Barclays dropped their price target on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Citigroup reissued a “neutral” rating and issued a $9.00 price target (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. The Goldman Sachs Group dropped their price target on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Wells Fargo & Company raised shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.38.

View Our Latest Report on StoneCo

StoneCo Company Profile

(Get Free Report)

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.

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Earnings History for StoneCo (NASDAQ:STNE)

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