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

StoneCo (NASDAQ:STNE) released its earnings results on Tuesday. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $582.20 million during the quarter, compared to the consensus estimate of $3.59 billion.

StoneCo Trading Up 15.1 %

NASDAQ STNE traded up $1.49 during trading on Wednesday, reaching $11.34. 10,606,197 shares of the stock traded hands, compared to its average volume of 5,451,527. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. The stock’s 50-day moving average price is $9.16 and its 200 day moving average price is $9.96. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $17.93.

Analyst Upgrades and Downgrades

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

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.