StoneCo (STNE) Scheduled to Post Earnings on Tuesday

StoneCo (NASDAQ:STNE) is set to issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The firm had revenue of $615.13 million during the quarter, compared to analysts’ expectations of $590.74 million. StoneCo had a return on equity of 13.21% and a net margin of 15.27%. On average, analysts expect StoneCo to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

StoneCo Trading Down 0.4 %

NASDAQ:STNE opened at $11.30 on Friday. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.40 and a beta of 2.29. StoneCo has a 52 week low of $10.20 and a 52 week high of $19.46. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $11.44 and a 200 day moving average of $12.91.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley reiterated an “underweight” rating and set a $7.00 price objective (down previously from $16.50) on shares of StoneCo in a report on Thursday, September 5th. UBS Group increased their price target on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays dropped their price target on StoneCo from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Finally, Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, StoneCo presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.70.

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.