STNE - StoneCo Ltd.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
39.53
+0.84 (+2.16%)
At close: 4:00PM EST
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Previous Close38.69
Open38.53
Bid39.51 x 800
Ask39.50 x 1200
Day's Range38.48 - 39.71
52 Week Range16.14 - 45.62
Volume1184336
Avg. Volume1,950,552
Market Cap11B
Beta (5Y Monthly)N/A
PE Ratio (TTM)210.24
EPS (TTM)0.19
Earnings DateNov 21, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est39.25
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  • Hedge Funds Have Never Been This Bullish On StoneCo Ltd. (STNE)
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    Hedge Funds Have Never Been This Bullish On StoneCo Ltd. (STNE)

    Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]

  • Buffett-Backed StoneCo Jumps to 7-Month High on Solid Growth
    Bloomberg

    Buffett-Backed StoneCo Jumps to 7-Month High on Solid Growth

    (Bloomberg) -- StoneCo Ltd., the Brazilian payments processor with a 7.9% stake owned by Warren Buffett’s Berkshire Hathaway, allayed some investor concerns over competition with solid growth.Stone, which went public in late October 2018, jumped as much as 18% for its biggest gain since March 19, and its highest intraday level since April 3. Third-quarter adjusted net income grew 126% on an yearly basis to 201.9 million reais ($48 million). Total payment volume totaled 32.6 billion reais, up 50% from the same period last year, and net client additions were 68,700 -- topping Itau BBA’s estimates by 68%.“Stone celebrated its 1-year IPO birthday with a nice gift to investors: a good set of results,” BTG Pactual analysts led by Eduardo Rosman wrote. “Core trends and the qualitative side of the story remain very solid,” the analysts said, reiterating Stone as their top pick in payments.Analysts also praised the firm’s credit and banking initiatives. “Still early days, but banking- and credit-related metrics look positive,” Guggenheim analysts led by Jeff Cantwell wrote.Here’s what Wall Street analysts have to say:Bradesco BBI, Victor SchabbelBottom line came in slightly below expectations but quality looked good, with total payment volume expandingTake rate was healthy mostly due to mix, with Stone increasing exposure to smaller clients“Apparently, better customer service is allowing Stone to dodge competitive pressures in the merchant acquiring market”BTG Pactual, Eduardo RosmanResults left BTG more confident in the investment case“Although the stock is not a bargain, having risen 86% since YTD, we believe positive momentum should continue”Buy ratingCantor Fitzgerald, Joseph ForesiResults were strong; co. is positioned to gain market share in the rapidly evolving Brazil payment industry2019 revenue estimate was raised to 2.58 billion reais from 2.54 billion reais on the back of continued growth in active merchantsPrice target raised to $40 from $39; overweight maintainedCredit Suisse, Daniel FederleStone is “not affected by competition and evolving well in the software, banking and credit fronts”Company reported positive results with strong net additions, solid total payment volume growth in the small and midsize business segment, and profitability -- despite signs of rising competition“Stone’s credit initiatives seem to be evolving well and the company plans to be ready to start to scale it faster as of 4Q19”Neutral ratingGuggenheim, Jeff Cantwell“We see STNE on the right path and believe it will continue to gain market share”Still early days, but banking and credit-related metrics look positivePrice target raised to $42 from $38; maintained buy ratingItau BBA, Marco CalviStone reported strong, in-line results driven by a combination of better-than-expected net additions and an improved take rate; bottom-line growth was robustActive client base showed a significant acceleration“Despite the fiercer competitive environment, the company also delivered a stronger take-rate of 1.91%, as it continues its successful strategy to expand its hub client base”Other encouraging trends included strong TPV growth, massive net additions and an improving take rate, despite the tougher competition environmentMarket perform ratingWhat Bloomberg Intelligence says“StoneCo is the disruptor in Brazil’s expanding card-payment sector, with lower prices and better technology, local knowledge and customer service. In 2018, the company doubled customers and revenue and turned profitable. But incumbents have grown more aggressive on price and regulators began changing the rules. StoneCo will need traction with new offerings in software, digital accounts and credit to sustain outsized revenue growth”\-- Julie Chariell, senior consumer products analyst\-- Click here for the research(Updates stock’s move, adds Cantor Fitzgerald’s comments.)To contact the reporter on this story: Vinícius Andrade in São Paulo at vandrade3@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Catherine Larkin, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • StoneCo Ltd. (STNE) Q3 Earnings Lag Estimates
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    StoneCo Ltd. (STNE) Q3 Earnings Lag Estimates

    StoneCo Ltd. (STNE) delivered earnings and revenue surprises of -5.56% and 28.86%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    StoneCo Reports Third Quarter 2019 Financial Results

    SÃO PAULO, Brazil, Nov. 21, 2019 -- StoneCo Ltd. (Nasdaq: STNE) (“Stone” or the “Company”), a leading provider of financial technology solutions that empower merchants to.

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  • StoneCo (STNE) to Report Q3 Earnings: What's in the Cards?
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    StoneCo (STNE) to Report Q3 Earnings: What's in the Cards?

    StoneCo's (STNE) third-quarter 2019 results are likely to reflect an expanded client base and increased cross-selling opportunities.

  • StoneCo Ltd. (STNE) Earnings Expected to Grow: Should You Buy?
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    StoneCo Ltd. (STNE) Earnings Expected to Grow: Should You Buy?

    StoneCo Ltd. (STNE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • STNE Is Part of Warren Buffett’s Berkshire Portfolio
    Market Realist

    STNE Is Part of Warren Buffett’s Berkshire Portfolio

    While Buffett hasn't personally invested in the company, Berkshire Hathaway holds $533 million worth of STNE stock. The stock is valued at $10.5 billion.

  • GlobeNewswire

    StoneCo Ltd. to Announce Third Quarter 2019 Financial Results on November 21, 2019

    SÃO PAULO, Brazil, Oct. 25, 2019 -- StoneCo Ltd. (Nasdaq: STNE) (“Stone”) today announces that it will host a conference call to discuss its third quarter 2019 financial.

  • StoneCo (NASDAQ:STNE) Is Using Debt Safely
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  • StoneCo (STNE) Stock Still Worth $42, Says Bank of America
    TipRanks

    StoneCo (STNE) Stock Still Worth $42, Says Bank of America

    Get ready, bargain shoppers. StoneCo (STNE) plummeted 9% today and it looks like the stock received more lashes than it deserved — at least, according to Bank of America's Mario Pierry.While bears argue that margins shrank in the second-quarter, Pierry is impressed by StoneCo’s ability to rapidly expand into new businesses. As investors hit the exits without much forethought, the analyst maintains a Buy rating on StoneCo stock along with a $42 price target. For perspective, StoneCo’s stock closed at $30.52 today, so this implies upside of nearly 40%. (To watch Pierry’s track record, click here)The Brazilian fin-tech company runs electronic payment and payment processing units in Brazil, and the unique growth opportunity in Latin America combined with its impressive technology makes the company one to watch.In the past quarter, StoneCo’s revenues increased by 68% y/y compared to 54% y/y growth in operating expenses. StoneCo also benefited from a lower effective tax rate in the quarter, which helped adjusted net income rise to R$194 million from R$74 million during the first quarter.StoneCo’s strong growth is shown in its number of software users, which doubled in the second quarter to reach 70k clients compared to 32k at the end of the first quarter. Although StoneCo has not officially launched its digital account service yet, 10 thousand clients have opened accounts, which bodes well for the new development going forward.StoneCo’s credit services also showed solid growth in the quarter. The company distributed R$50 million in credit to 3 thousand clients. Pierry cheers how StoneCo chose to not incur credit risk by running a profit-sharing model with a partner bank, while strictly limiting how much credit each client can accumulate.Overall, Pierry is pleased with StoneCo’s ability to grow its customer base at an incredible rate while holding up its take rate on transactions. Although the company’s expenses were higher than Pierry forecasted, he views it as a positive that the money is being spent on expanding the company into new business segments.The rest of Wall Street is generally in line with Pierry’s positive view on StoneCo stock, considering TipRanks analytics showcase STNE as a Moderate Buy. Out of 5 analysts polled in the last 3 months, 3 are bullish on the stock, while 2 remain sidelined. With a potential upside of 19%, the stock’s consensus target price stands at $36.25. (See STNE’s price targets and analyst ratings on TipRanks)Oh, and let's not forget, Berkshire Hathaway owns about 11% stake in StoneCo. And when Berkshire Hathaway makes an investment, you should listen.

  • StoneCo Ltd. (STNE) Q2 2019 Earnings Call Transcript
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    StoneCo Ltd. (STNE) Q2 2019 Earnings Call Transcript

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  • Warren Buffett-Backed StoneCo's Torrid Growth Continues
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  • GlobeNewswire

    StoneCo Reports Second Quarter 2019 Financial Results

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  • GlobeNewswire

    StoneCo Ltd. Announces Preliminary Second Quarter 2019 Results

    SÃO PAULO, Brazil, July 30, 2019 (GLOBE NEWSWIRE) -- StoneCo Ltd. (STNE) (“Stone” or the “Company”), a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels, today announced preliminary results for the second quarter of 2019. The ability to successfully scale new products in the second quarter proves our company’s capabilities to continue disrupting this industry through software and financial services,” said Thiago Piau, CEO. “In addition to the current success in the SMB market, we are very excited to announce that we are entering the micro-merchant space in a Joint Venture with Grupo Globo, the largest media conglomerate in Brazil.

  • GlobeNewswire

    StoneCo Ltd. to Announce Second Quarter 2019 Financial Results on August 14, 2019

    SÃO PAULO, Brazil, July 24, 2019 -- StoneCo Ltd. (Nasdaq: STNE) (“Stone”) today announces that it will host a conference call to discuss its second quarter 2019 financial.

  • Reuters

    Brazil's Cielo cutting costs to face fiercely competitive market

    Brazil's largest credit card processor, Cielo SA, is tightening its belt amid fierce competition with rivals like PagSeguro Digital Ltd and StoneCo Ltd to boost profitability and free up money for new products. Cielo has hired consulting firm Gradus to implement a cost cutting program this and next year, Chief Financial Officer Gustavo de Sousa told Reuters on Friday. The program is the latest in a series of measures Cielo has taken to reverse a slump in margins after it cut prices to take on rivals like Rede, GetNet, PagSeguro and Stone.

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