StoneCo (NASDAQ:STNE) Issues Quarterly Earnings Results

StoneCo (NASDAQ:STNE) released its quarterly earnings data on Tuesday. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07, Zacks reports. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The firm had revenue of $582.20 million for the quarter, compared to the consensus estimate of $3.59 billion.

StoneCo Trading Up 15.1 %

NASDAQ:STNE traded up $1.49 during mid-day trading on Wednesday, hitting $11.34. 10,606,197 shares of the company’s stock were exchanged, compared to its average volume of 5,451,527. The firm has a market capitalization of $3.50 billion, a P/E ratio of 8.86, a PEG ratio of 0.41 and a beta of 2.33. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $17.93. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The company has a 50 day simple moving average of $9.16 and a 200-day simple moving average of $9.96.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reduced their price objective 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. JPMorgan Chase & Co. reduced 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. Citigroup reissued a “neutral” rating and issued a $9.00 target price (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Finally, Barclays dropped their target price on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.38.

About StoneCo

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.