StoneCo (NASDAQ:STNE) Announces Quarterly Earnings Results

StoneCo (NASDAQ:STNE) 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.

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.