Analysts Expect StoneCo Ltd (STNE) to Announce $0.13 Earnings Per Share

StoneCo Ltd (NASDAQ:STNE) has earned a consensus broker rating score of 1.88 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. StoneCo’s rating score has improved by 13.4% in the last three months as a result of a number of analysts’ ratings changes.

Brokerages have set a 1-year consensus price objective of $28.25 for the company and are expecting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also assigned StoneCo an industry rank of 34 out of 255 based on the ratings given to its competitors.

Several analysts have commented on the company. Zacks Investment Research raised StoneCo from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Bank of America assumed coverage on StoneCo in a report on Monday, January 14th. They issued a “buy” rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on StoneCo in a report on Monday, November 19th. They issued a “neutral” rating and a $25.00 price objective on the stock. Goldman Sachs Group assumed coverage on StoneCo in a report on Monday, November 19th. They issued a “neutral” rating and a $25.60 price objective on the stock. Finally, Citigroup assumed coverage on StoneCo in a report on Monday, November 19th. They issued a “buy” rating and a $30.00 price objective on the stock.

STNE stock traded up $1.83 during trading on Friday, hitting $26.26. 2,731,466 shares of the company traded hands, compared to its average volume of 846,810. StoneCo has a 1 year low of $16.14 and a 1 year high of $32.50.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings results on Monday, November 26th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). The company had revenue of $105.13 million during the quarter. As a group, equities analysts predict that StoneCo will post 0.32 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Pelham Global Financials Ltd. acquired a new stake in StoneCo in the fourth quarter valued at approximately $12,154,000. Gladstone Capital Management LLP acquired a new stake in shares of StoneCo in the fourth quarter worth approximately $7,737,000. Loeb Partners Corp acquired a new stake in shares of StoneCo in the fourth quarter worth approximately $480,000. Partner Fund Management L.P. acquired a new stake in shares of StoneCo in the fourth quarter worth approximately $1,594,000. Finally, Barclays PLC acquired a new stake in shares of StoneCo in the fourth quarter worth approximately $456,000. 2.49% of the stock is currently owned by institutional investors.

About StoneCo

StoneCo Ltd. provides financial technology solutions that empower 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 technology and solutions to digital merchants through sales and technical personnel and software vendors.

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