StoneCo (STNE) Expected to Announce Earnings on Tuesday

StoneCo (NASDAQ:STNE) is projected to post its quarterly earnings results after the market closes on Tuesday, March 18th. Analysts expect StoneCo to post earnings of $0.32 per share and revenue of $3.59 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

StoneCo Trading Up 5.4 %

Shares of StoneCo stock opened at $9.72 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. StoneCo has a 52 week low of $7.72 and a 52 week high of $17.93. The stock has a 50 day moving average price of $9.09 and a two-hundred day moving average price of $10.01. The stock has a market capitalization of $3.00 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33.

Wall Street Analyst Weigh In

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