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

StoneCo (NASDAQ:STNE) posted 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 return on equity of 13.92% and a net margin of 16.02%. The business had revenue of $582.20 million for the quarter, compared to analyst estimates of $3.59 billion.

StoneCo Stock Up 15.5 %

Shares of NASDAQ:STNE opened at $11.38 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $3.52 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. The firm’s 50-day moving average is $9.23 and its two-hundred day moving average is $9.97. StoneCo has a 1 year low of $7.72 and a 1 year high of $17.93.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group reduced their price target on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company upgraded StoneCo from an “equal weight” rating to an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. reduced 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. Citigroup restated a “neutral” rating and issued a $9.00 price objective (down from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Finally, Barclays reduced their price objective on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, StoneCo presently has a consensus rating of “Moderate Buy” and an average target price of $14.38.

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.