$0.17 Earnings Per Share Expected for StoneCo Ltd (NASDAQ:STNE) This Quarter

Equities research analysts expect StoneCo Ltd (NASDAQ:STNE) to post earnings per share of $0.17 for the current quarter, Zacks reports. Zero analysts have made estimates for StoneCo’s earnings. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, August 14th.

According to Zacks, analysts expect that StoneCo will report full-year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.75 to $0.83. For the next year, analysts forecast that the business will report earnings of $1.09 per share, with EPS estimates ranging from $0.95 to $1.26. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow StoneCo.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Monday, May 13th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The business had revenue of $142.17 million for the quarter.

Several research firms have commented on STNE. Zacks Investment Research downgraded shares of StoneCo from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st. Cantor Fitzgerald assumed coverage on shares of StoneCo in a report on Friday, June 28th. They set an “overweight” rating and a $33.00 price objective on the stock. HSBC assumed coverage on shares of StoneCo in a report on Tuesday, May 7th. They issued a “reduce” rating and a $20.00 price target on the stock. Susquehanna Bancshares assumed coverage on shares of StoneCo in a report on Friday, May 31st. They issued a “neutral” rating on the stock. Finally, Goldman Sachs Group assumed coverage on shares of StoneCo in a report on Monday, June 10th. They issued a “buy” rating and a $37.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $34.13.

NASDAQ STNE traded down $0.48 during trading on Wednesday, hitting $33.78. 902,025 shares of the company’s stock traded hands, compared to its average volume of 2,878,263. The stock has a market capitalization of $9.67 billion and a PE ratio of 102.36. StoneCo has a 12-month low of $16.14 and a 12-month high of $45.62. The business’s 50 day simple moving average is $33.14.

Several institutional investors have recently made changes to their positions in STNE. Focused Wealth Management Inc bought a new position in shares of StoneCo in the second quarter worth approximately $30,000. Kwmg LLC bought a new position in shares of StoneCo in the first quarter worth approximately $45,000. US Bancorp DE bought a new position in shares of StoneCo in the second quarter worth approximately $36,000. Tower Research Capital LLC TRC increased its position in shares of StoneCo by 109.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,214 shares of the company’s stock worth $65,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Parisi Gray Wealth Management bought a new position in shares of StoneCo in the first quarter worth approximately $102,000. 37.49% of the stock is currently owned by hedge funds and other institutional investors.

About StoneCo

StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.

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