StoneCo (NASDAQ:STNE) posted its quarterly earnings data on Thursday. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01), Yahoo Finance reports. StoneCo had a return on equity of 12.35% and a net margin of 28.74%. The business had revenue of $169.33 million during the quarter, compared to the consensus estimate of $131.41 million.
Shares of NASDAQ STNE opened at $41.39 on Friday. StoneCo has a twelve month low of $16.14 and a twelve month high of $45.62. The stock’s 50 day moving average price is $35.33 and its 200-day moving average price is $32.11. The company has a market capitalization of $9.52 billion and a PE ratio of 125.42. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.05.
A number of analysts recently commented on STNE shares. UBS Group started coverage on StoneCo in a research report on Friday, October 18th. They issued a “buy” rating and a $42.00 target price for the company. Zacks Investment Research raised StoneCo from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 5th. ValuEngine lowered StoneCo from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $39.00 price objective (up from $33.00) on shares of StoneCo in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. boosted their price objective on StoneCo from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. StoneCo currently has an average rating of “Buy” and a consensus target price of $37.82.
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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