StoneCo (NASDAQ:STNE - Get Free Report) issued its earnings results on Tuesday. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.07, Zacks reports. The business had revenue of $582.20 million during the quarter, compared to analysts' expectations of $3.59 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%.
StoneCo Stock Down 0.7 %
STNE stock traded down $0.08 during trading hours on Friday, reaching $11.10. 9,173,727 shares of the stock were exchanged, compared to its average volume of 5,439,253. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 0.41 and a beta of 2.33. The firm's 50-day moving average is $9.36 and its 200-day moving average is $9.96. StoneCo has a 12 month low of $7.72 and a 12 month high of $17.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42.
Wall Street Analysts Forecast Growth
STNE has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group dropped their price objective on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Morgan Stanley increased their price objective on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday. Citigroup restated a "neutral" rating and set a $9.00 target price (down previously from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Finally, Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six 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 an average price target of $14.50.
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StoneCo Company Profile
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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.
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