StoneX Group (NASDAQ:SNEX) Posts Earnings Results

StoneX Group (NASDAQ:SNEX) released its quarterly earnings results on Wednesday. The company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.39, Zacks reports. StoneX Group had a net margin of 0.26% and a return on equity of 16.66%.

StoneX Group Stock Up 8.0 %

Shares of NASDAQ SNEX opened at $120.37 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $103.08 and its two-hundred day moving average is $91.67. StoneX Group has a 52-week low of $61.68 and a 52-week high of $120.69. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 15.12 and a beta of 0.78.

StoneX Group’s stock is going to split on Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly minted shares will be issued to shareholders after the market closes on Friday, March 21st.

Insider Activity at StoneX Group

In other StoneX Group news, Director John Moore Fowler sold 1,800 shares of StoneX Group stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $100.14, for a total value of $180,252.00. Following the completion of the transaction, the director now directly owns 81,375 shares of the company’s stock, valued at $8,148,892.50. The trade was a 2.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 11.70% of the company’s stock.

About StoneX Group

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.