StoneX Group (NASDAQ:SNEX) Posts Earnings Results, Misses Estimates By $0.01 EPS

StoneX Group (NASDAQ:SNEX) released its quarterly earnings results on Monday. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01), FiscalAI reports. The company had revenue of $782.70 million for the quarter, compared to analysts’ expectations of $1.04 billion. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%.During the same period in the prior year, the business earned $2.32 EPS.

StoneX Group Stock Performance

NASDAQ SNEX opened at $84.00 on Tuesday. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 14.31 and a beta of 0.51. The business’s 50 day moving average is $94.39 and its two-hundred day moving average is $92.74. StoneX Group has a 12-month low of $60.58 and a 12-month high of $106.98. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30.

Insider Activity at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $91.20, for a total value of $102,600.00. Following the sale, the director directly owned 114,769 shares in the company, valued at $10,466,932.80. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On StoneX Group

Several institutional investors have recently made changes to their positions in SNEX. Corient Private Wealth LLC acquired a new stake in shares of StoneX Group in the second quarter valued at about $572,000. Florida Financial Advisors LLC acquired a new position in StoneX Group during the second quarter worth about $950,000. Two Sigma Securities LLC purchased a new position in StoneX Group in the second quarter valued at about $375,000. Orion Porfolio Solutions LLC acquired a new stake in shares of StoneX Group during the 2nd quarter valued at approximately $1,972,000. Finally, Man Group plc acquired a new stake in shares of StoneX Group during the 2nd quarter valued at approximately $1,601,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNEX has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of StoneX Group in a research report on Wednesday, November 19th. Zacks Research cut StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.