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

StoneCo (NASDAQ:STNE) released its 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 return on equity of 13.92% and a net margin of 16.02%.

StoneCo Price Performance

STNE stock traded down $0.34 on Tuesday, reaching $9.85. 5,590,888 shares of the company’s stock were exchanged, compared to its average volume of 5,440,802. The stock has a fifty day moving average of $9.13 and a 200-day moving average of $9.99. StoneCo has a twelve month low of $7.72 and a twelve month high of $17.93. The firm has a market cap of $3.04 billion, a PE ratio of 7.70, a P/E/G ratio of 0.41 and a beta of 2.33. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

Several research analysts have recently issued reports on STNE shares. Citigroup reaffirmed a “neutral” rating and set a $9.00 price objective (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Barclays reduced their target price on StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group reduced their target price on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. reduced their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.