StoneCo (NASDAQ:STNE - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, March 18th. Analysts expect StoneCo to post earnings of $0.32 per share and revenue of $3.59 billion for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.
StoneCo Trading Down 0.9 %
Shares of NASDAQ:STNE traded down $0.08 during midday trading on Tuesday, hitting $9.18. 3,622,297 shares of the stock were exchanged, compared to its average volume of 6,310,426. The business's 50-day moving average price is $9.01 and its 200 day moving average price is $10.09. 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 quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 0.41 and a beta of 2.33.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on STNE. Barclays decreased their price target on shares of StoneCo from $12.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group decreased their price target on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Susquehanna cut their target price on StoneCo from $22.00 to $19.00 and set a "positive" rating on the stock in a research report on Wednesday, November 13th. Citigroup reiterated a "neutral" rating and issued a $9.00 target price (down from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their price target on StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $14.38.
Read Our Latest Stock Analysis on StoneCo
About StoneCo
(
Get Free Report)
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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