StoneX Group (NASDAQ:SNEX) Announces Quarterly Earnings Results, Beats Estimates By $0.47 EPS

Key Points

• EPS beat: StoneX reported earnings of $2.07 per share, beating estimates by $0.47, but revenue came in at $826.4M versus the $1.37B analysts expected.
• Shares fell about 1.5% to $106.39 after the report, and insiders have sold 151,550 shares (~$17.9M) in the last 90 days, including large transactions by Mark Lowry Maurer and CEO Philip Smith.
• Analyst sentiment is generally positive with a “Moderate Buy” consensus and an average target price of $122, supported by several upgrades and raised price targets (Jefferies to $122).

StoneX Group (NASDAQ:SNEX - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.47, FiscalAI reports. StoneX Group had a net margin of 0.25% and a return on equity of 16.43%. The firm had revenue of $826.40 million during the quarter, compared to analysts' expectations of $1.37 billion.

StoneX Group Trading Down 1.5%

Shares of StoneX Group stock traded down $1.67 on Wednesday, hitting $106.39. 656,336 shares of the company's stock traded hands, compared to its average volume of 671,733. The firm's 50-day moving average price is $102.12 and its two-hundred day moving average price is $101.39. The stock has a market capitalization of $8.37 billion, a PE ratio of 23.82 and a beta of 0.64. StoneX Group has a one year low of $53.52 and a one year high of $109.50. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.80 and a quick ratio of 1.34.

Insider Activity at StoneX Group

In other StoneX Group news, insider Mark Lowry Maurer sold 40,000 shares of the company's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $124.88, for a total transaction of $4,995,200.00. Following the completion of the sale, the insider owned 90,331 shares in the company, valued at approximately $11,280,535.28. The trade was a 30.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Philip Andrew Smith sold 30,000 shares of the company's stock in a transaction on Friday, April 10th. The shares were sold at an average price of $92.23, for a total transaction of $2,766,900.00. Following the sale, the chief executive officer owned 514,719 shares of the company's stock, valued at $47,472,533.37. The trade was a 5.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 151,550 shares of company stock worth $17,888,228. 11.79% of the stock is owned by company insiders.

Institutional Trading of StoneX Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its position in shares of StoneX Group by 129.0% in the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company's stock valued at $5,923,000 after buying an additional 43,678 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of StoneX Group in the 1st quarter valued at $449,000. Goldman Sachs Group Inc. increased its position in shares of StoneX Group by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company's stock valued at $17,240,000 after buying an additional 13,815 shares in the last quarter. United Services Automobile Association bought a new stake in shares of StoneX Group in the 1st quarter valued at $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of StoneX Group by 55.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company's stock valued at $8,182,000 after buying an additional 38,073 shares in the last quarter. Institutional investors own 75.93% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SNEX. Wall Street Zen upgraded shares of StoneX Group from a "hold" rating to a "buy" rating in a research report on Sunday, April 5th. Jefferies Financial Group boosted their price objective on shares of StoneX Group from $99.00 to $122.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. Weiss Ratings upgraded shares of StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. William Blair restated an "outperform" rating on shares of StoneX Group in a research report on Monday, March 9th. Finally, Zacks Research cut shares of StoneX Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $122.00.

StoneX Group Company Profile

StoneX Group Inc NASDAQ: SNEX is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.

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