FY2021 EPS Estimates for StoneX Group Inc. (NASDAQ:SNEX) Cut by Analyst

StoneX Group Inc. (NASDAQ:SNEX) – Analysts at Jefferies Financial Group decreased their FY2021 earnings per share (EPS) estimates for StoneX Group in a research report issued on Monday, October 11th. Jefferies Financial Group analyst D. Fannon now anticipates that the company will post earnings of $6.83 per share for the year, down from their previous estimate of $6.90. Jefferies Financial Group also issued estimates for StoneX Group’s Q4 2021 earnings at $1.44 EPS, Q1 2022 earnings at $1.56 EPS and Q2 2022 earnings at $2.00 EPS.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Monday, August 9th. The company reported $1.67 EPS for the quarter, hitting the consensus estimate of $1.67. The business had revenue of $431.50 million during the quarter, compared to analysts’ expectations of $399.80 million. StoneX Group had a return on equity of 12.57% and a net margin of 0.41%.

Separately, Zacks Investment Research upgraded StoneX Group from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Thursday.

Shares of NASDAQ:SNEX opened at $68.12 on Thursday. The business’s 50 day simple moving average is $66.63 and its two-hundred day simple moving average is $65.44. The firm has a market cap of $1.35 billion, a P/E ratio of 7.34 and a beta of 1.21. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.25 and a current ratio of 1.65. StoneX Group has a 52-week low of $50.02 and a 52-week high of $70.47.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Private Capital Management LLC increased its position in shares of StoneX Group by 0.7% during the second quarter. Private Capital Management LLC now owns 384,942 shares of the company’s stock valued at $23,354,000 after acquiring an additional 2,630 shares during the last quarter. Denali Advisors LLC increased its position in shares of StoneX Group by 4.4% during the third quarter. Denali Advisors LLC now owns 47,600 shares of the company’s stock valued at $3,137,000 after acquiring an additional 2,000 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of StoneX Group by 8.0% during the third quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the company’s stock valued at $534,000 after acquiring an additional 600 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of StoneX Group by 6.7% during the third quarter. State of Alaska Department of Revenue now owns 12,287 shares of the company’s stock valued at $809,000 after acquiring an additional 769 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of StoneX Group by 6.0% during the second quarter. Parametric Portfolio Associates LLC now owns 37,568 shares of the company’s stock valued at $2,279,000 after acquiring an additional 2,131 shares during the last quarter. 74.03% of the stock is owned by institutional investors.

In other news, CEO Sean Michael Oconnor sold 3,729 shares of the firm’s stock in a transaction that occurred on Friday, October 1st. The stock was sold at an average price of $66.42, for a total value of $247,680.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Aaron Schroeder sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 31st. The shares were sold at an average price of $70.00, for a total value of $70,000.00. Following the completion of the transaction, the chief accounting officer now owns 15,310 shares in the company, valued at approximately $1,071,700. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,450 shares of company stock worth $1,775,600. Corporate insiders own 16.79% of the company’s stock.

StoneX Group Company Profile

StoneX Group, Inc engages in the provision of brokerage and financial services. It operates through the following segments: Commercial Hedging, Global Payments, Securities, Physical Commodities, and Clearing and Execution Services. The Commercial Hedging segment offers risk management consulting services.

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Earnings History and Estimates for StoneX Group (NASDAQ:SNEX)

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