Latest news with #StoneCo
CNA
18 hours ago
- Business
- CNA
Brazil's Totvs agrees to buy StoneCo's Linx unit
SAO PAULO :Brazilian software company Totvs has agreed to buy StoneCo's Linx unit in a deal worth 3.05 billion reais ($547.90 million), it said on Tuesday, adding that it expects the move to strengthen its position in the retail segment. Totvs has shown interest in Linx since 2020, when StoneCo won a bidding war by paying 6.7 billion reais for the retail software developer. In April, Totvs entered exclusive talks with StoneCo to acquire the unit. Sao Paulo-traded shares of Totvs seesawed after the announcement, climbing 3.1 per cent early in the session before erasing gains and falling as much as 1 per cent. They were last flat, while benchmark stock index Bovespa gained 0.6 per cent. Totvs said in a securities filing that the transaction will be financed through its cash reserves and debt instruments yet to be arranged "under favorable market conditions". The deal requires approval from Brazil's antitrust watchdog. "With this acquisition, we will strengthen our position in retail, expanding our portfolio and reinforcing our ability to meet the demands of all types of retailers," Totvs CEO Dennis Herszkowicz said in a statement. In an interview earlier this year, Herszkowicz told Reuters the company was considering other acquisitions besides Linx, adding that none of the potential deals would rely on capital from divestitures. ($1 = 5.5667 reais)
Yahoo
20 hours ago
- Business
- Yahoo
Brazil's Totvs agrees to buy StoneCo's Linx unit
SAO PAULO (Reuters) -Brazilian software company Totvs has agreed to buy StoneCo's Linx unit in a deal worth 3.05 billion reais ($547.90 million), it said on Tuesday, adding that it expects the move to strengthen its position in the retail segment. Totvs has shown interest in Linx since 2020, when StoneCo won a bidding war by paying 6.7 billion reais for the retail software developer. In April, Totvs entered exclusive talks with StoneCo to acquire the unit. Totvs said in a securities filing that the transaction will be financed through its cash reserves and debt instruments yet to be arranged "under favorable market conditions". The deal requires approval from Brazil's antitrust watchdog. ($1 = 5.5667 reais) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
20 hours ago
- Business
- Reuters
Brazil's Totvs agrees to buy StoneCo's Linx unit
SAO PAULO, July 22 (Reuters) - Brazilian software company Totvs ( opens new tab has agreed to buy StoneCo's (STNE.O), opens new tab Linx unit in a deal worth 3.05 billion reais ($547.90 million), it said on Tuesday, adding that it expects the move to strengthen its position in the retail segment. Totvs has shown interest in Linx since 2020, when StoneCo won a bidding war by paying 6.7 billion reais for the retail software developer. In April, Totvs entered exclusive talks with StoneCo to acquire the unit. Totvs said in a securities filing that the transaction will be financed through its cash reserves and debt instruments yet to be arranged "under favorable market conditions". The deal requires approval from Brazil's antitrust watchdog. ($1 = 5.5667 reais)
Yahoo
2 days ago
- Business
- Yahoo
StoneCo (STNE) Slashes 11.63% Ahead of Q2
We recently published StoneCo Ltd. (NASDAQ:STNE) is one of this week's top performers. StoneCo fell by 11.63 percent week-on-week to end Friday's trading at $13.67 versus the $15.47 finish on July 11, as investors repositioned portfolios ahead of the release of its second quarter earnings performance. In a statement earlier this month, StoneCo Ltd. (NASDAQ:STNE) said it will announce the results of its earnings on August 7 after market close, to be followed by a conference call at 5 PM Eastern Time. In the first quarter of the year, StoneCo Ltd. (NASDAQ:STNE) saw net income increase by 38.3 percent to R$516.7 million from R$373.6 million in the same period last year. Total revenues rose by 19 percent to R$3.669 billion from R$3.084 billion year-on-year. A team of software engineers in a digital workspace collaborating on a financial technology software solution. For the second quarter, Zacks Research expects StoneCo Ltd. (NASDAQ:STNE) to post earnings of $0.34 per share, or a 13.33 percent growth year-on-year. Meanwhile, full-year EPS was pegged at $1.44 with revenues of $2.73 billion, representing growth of 6.67 percent and 10.94 percent, respectively. While we acknowledge the potential of STNE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
Wall Street Analysts Look Bullish on StoneCo (STNE): Should You Buy?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about StoneCo Ltd. (STNE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. StoneCo currently has an average brokerage recommendation (ABR) of 1.67, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by nine brokerage firms. An ABR of 1.67 approximates between Strong Buy and Buy. Of the nine recommendations that derive the current ABR, seven are Strong Buy, representing 77.8% of all recommendations. Check price target & stock forecast for StoneCo here>>> The ABR suggests buying StoneCo, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision. Although both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether. The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide. On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. Looking at the earnings estimate revisions for StoneCo, the Zacks Consensus Estimate for the current year has increased 0.7% over the past month to $1.44. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for StoneCo. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for StoneCo may serve as a useful guide for investors. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report StoneCo Ltd. (STNE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
