StoneCo (NASDAQ:STNE) Announces Quarterly Earnings Results

StoneCo (NASDAQ:STNEGet Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07, Zacks reports. StoneCo had a return on equity of 13.92% and a net margin of 16.02%.

StoneCo Price Performance

STNE stock traded down $0.34 during midday trading on Tuesday, hitting $9.85. 5,830,764 shares of the stock were exchanged, compared to its average volume of 6,137,896. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $17.93. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 0.41 and a beta of 2.33. The stock’s 50-day moving average price is $9.13 and its 200-day moving average price is $9.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup reiterated a “neutral” rating and issued a $9.00 price objective (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Barclays decreased their price objective on StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group decreased their price target on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat, StoneCo has a consensus rating of “Moderate Buy” and a consensus price target of $14.38.

Check Out Our Latest Research 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.

Further Reading

Earnings History for StoneCo (NASDAQ:STNE)

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