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

StoneCo (NASDAQ:STNE) announced its quarterly earnings data 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 Price Performance

Shares of NASDAQ:STNE traded down $0.34 on Tuesday, hitting $9.85. The company had a trading volume of 5,590,888 shares, compared to its average volume of 5,440,802. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo has a 52-week low of $7.72 and a 52-week high of $17.93. The business has a 50 day moving average of $9.13 and a 200 day moving average of $9.99. The company has a market cap of $3.04 billion, a PE ratio of 7.70, a PEG ratio of 0.41 and a beta of 2.33.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Barclays lowered their target price on StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group lowered their target price on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Citigroup reissued a “neutral” rating and issued a $9.00 target price (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, StoneCo presently has an average 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.