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StoneCo Ltd - STNE STOCK NEWS

Welcome to our dedicated news page for StoneCo (Ticker: STNE), a resource for investors and traders seeking the latest updates and insights on StoneCo.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect StoneCo's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of StoneCo's position in the market.

News
StoneCo Ltd. to Announce First Quarter 2024 Financial Results on May 13, 2024 and Adopt New Internal Accounting Policy
Rhea-AI Summary
StoneCo will announce its first quarter 2024 financial results on May 13, 2024, and implement a new internal accounting policy for membership fee revenues. The policy change will not impact the 2024 guidance, cash position, or cash flow generation. The company expects a reduction in transaction revenues and an increase in deferred revenue liabilities due to the new policy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.43%
Tags
earnings
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News
Stone closed the last quarter of 2023 with adjusted net profit of R$564 million, an increase of 177% compared to 4Q22
Rhea-AI Summary
StoneCo (Nasdaq: STNE, B3: STOC31) reported impressive growth in 4Q23, with a 20.1% increase in total revenue, reaching R$3.2 billion. The company's adjusted EBT of R$638 million saw a 131.6% surge compared to the previous year. The MSMB customer base grew by 37.4%, reaching nearly 3.5 million active customers. StoneCo also achieved a 24.4% growth in financial services revenue, driven by MSMB clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.87%
Tags
none
-
News
StoneCo Announces Forthcoming Board of Directors Changes
Rhea-AI Summary
StoneCo announces a planned transition within the Board of Directors, with founder Mr. André Street not seeking re-election, along with Vice Chairman and another director. The proposal is to appoint new Chairman and Vice-Chairman. The transition follows a strong financial year in 2023, with record-breaking results and a clear strategy unveiled at Investor Day. The new appointees are chosen based on their skillset and experience, ensuring a smooth transition. The departing members are praised for their contributions, and the company looks forward to the next phase of growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.87%
Tags
management
News
StoneCo Reports Fourth Quarter and Fiscal Year 2023 Results
Rhea-AI Summary
StoneCo reports a strong quarter with Adjusted EBT reaching R$638 million, up 132% year over year, driven by accelerating MSMB TPV growth of 20%, resulting in Adjusted Net income of R$564 million, up 177% year over year. The CEO reflects on strategic progress, talent, execution capacity, and diversification efforts. Areas for improvement include operational efficiency and focus. Strategic adjustments include organizational restructuring, sharpening focus on key priorities, software business integration, leveraging payments, banking, and software, creating the Stone Platform, and cost management initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.87%
Tags
earnings
-
News
StoneCo Ltd. to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on March 18th, 2024
Rhea-AI Summary
StoneCo Ltd. announces a conference call to discuss its fourth quarter and fiscal year 2023 financial results on March 18th, 2024. The call can be accessed via Zoom webinar or phone, with a webcast and replay available. The Quiet Period for the results starts on February 26th, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
earnings
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News
StoneCo Announces SCFI License
Rhea-AI Summary
StoneCo Ltd. (STNE) has received the 'Financeira' License from the Brazilian Central Bank, allowing the company to expand its product offerings and diversify its funding sources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.89%
Tags
none
News
StoneCo. Announces $467.5 million credit facility from DFC to strengthen working capital of micro, small, and medium businesses
Rhea-AI Summary
StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) has obtained a commitment of US$467.5 million in the form of a revolving securitization facility from the United States International Development Finance Corporation. The facility will strengthen Stone's ability to offer prepayment of receivables to micro, small, and medium-sized businesses, especially those led by women or with a majority of female workforce, in the North and Northeast regions of Brazil. The closing of the transaction is subject to customary conditions precedents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
Tags
none
-
News
StoneCo Announces Board Changes
Rhea-AI Summary
StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) announced the appointment of Gilberto Caldart, former Vice Chairman and President of International Markets at Mastercard, to its Board of Directors, bringing extensive knowledge of financial services, payment innovation, and technology to support the Company's growth. The Board will now consist of nine Directors, six of whom are independent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.13%
Tags
none
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News
Stone presents plans for more than doubling profitability over the next four years
Rhea-AI Summary
Stone (Nasdaq: STNE, B3: STOC31) Announces Ambitious Growth Plans at Investor Day Event in New York. The company aims to more than double profitability over 4 years, exceeding an adjusted net income of R$ 4.3 billion. By 2027, Stone plans to exceed R$ 600 billion in TPV and a take rate above 2.70% in MSMB, exceed R$ 14 billion in client deposits, and achieve a credit portfolio above R$ 5.5 billion. The company's strategy is based on growing in the MSMB market, increasing engagement of its base, and gaining operational efficiency. Stone will prioritize four verticals on its software platform - retail, food, pharma, and gas stations - aiming to consolidate itself as the one-stop-shop for its customers. The arrival of the new CEO, Pedro Zinner, has led to a restructuring to accelerate integration of financial services solutions with software assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.53%
Tags
none
News
StoneCo’s Announces Short and Mid-Long Term Guidance
Rhea-AI Summary
StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) announces short and mid long-term guidance for 2024-2027, projecting significant growth in key financial and operational metrics. This includes a CAGR of 13% for MSMB TPV, a 26% increase in Client Deposits, and a 90% rise in Credit Portfolio. The company also aims for a 21% increase in MSMB Take Rate and a 31% growth in Adjusted Net Income. Additionally, StoneCo provides non-IFRS financial information, including adjusted net income and administrative expenses, with reconciliations to IFRS financial information in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.53%
Tags
none
Stock STNE logo
StoneCo Ltd

Nasdaq:STNE

STNE Rankings

#1211 Ranked by Market Cap
#2583 Ranked by Stock Gains
N/A Ranked by Dividends

STNE Stock Data

4.98B
260.13M
4.51%
73.49%
3.9%
Data Processing, Hosting, and Related Services
Information
Link
Brazil
Sao Paulo