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

StoneCo (NASDAQ:STNE) released its quarterly earnings results on Tuesday. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 Stock Down 3.3 %

NASDAQ STNE traded down $0.34 on Tuesday, hitting $9.85. 5,830,764 shares of the stock traded hands, compared to its average volume of 6,137,896. The stock has a 50-day moving average of $9.13 and a 200 day moving average of $9.99. StoneCo has a twelve month low of $7.72 and a twelve month high of $17.93. The company has a market capitalization of $3.04 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47.

Analyst Ratings Changes

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