StoneCo (STNE) Scheduled to Post Quarterly Earnings on Wednesday

StoneCo (NASDAQ:STNE) is set to announce its earnings results after the market closes on Wednesday, August 14th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

StoneCo (NASDAQ:STNE) last announced its earnings results on Monday, May 13th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $623.12 million for the quarter, compared to analyst estimates of $633.35 million. StoneCo had a return on equity of 12.35% and a net margin of 14.08%. On average, analysts expect StoneCo to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

StoneCo Price Performance

Shares of NASDAQ STNE opened at $12.86 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a fifty day moving average of $12.70 and a 200 day moving average of $15.08. The firm has a market cap of $4.04 billion, a PE ratio of 11.59, a PEG ratio of 0.31 and a beta of 2.32. StoneCo has a one year low of $9.34 and a one year high of $19.46.

Wall Street Analysts Forecast Growth

STNE has been the subject of a number of research reports. UBS Group raised shares of StoneCo from a “neutral” rating to a “buy” rating and cut their target price for the stock from $21.00 to $17.00 in a research note on Monday, July 8th. Evercore ISI reduced their target price on StoneCo from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Barclays lowered their price target on StoneCo from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Thursday, June 6th. Finally, The Goldman Sachs Group lowered their target price on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, StoneCo currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.89.

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.