StoneCo (NASDAQ:STNE) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

StoneCo (NASDAQ:STNE - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07, Zacks reports. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The firm had revenue of $582.20 million for the quarter, compared to analyst estimates of $3.59 billion.

StoneCo Stock Down 0.7 %

Shares of STNE stock traded down $0.08 on Friday, hitting $11.10. The stock had a trading volume of 9,173,727 shares, compared to its average volume of 5,439,253. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 0.41 and a beta of 2.33. The stock's 50 day moving average is $9.36 and its 200-day moving average is $9.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. StoneCo has a 52-week low of $7.72 and a 52-week high of $17.93.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STNE. Barclays lifted their price target on shares of StoneCo from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday. Citigroup reiterated a "neutral" rating and set a $9.00 price target (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. The Goldman Sachs Group lowered their price objective on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Morgan Stanley raised their price objective on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday. Finally, JPMorgan Chase & Co. lowered their price objective 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. One investment 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 stock. According to MarketBeat, StoneCo currently has an average rating of "Moderate Buy" and a consensus price target of $14.50.

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About StoneCo

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.