Stonex Group Inc (SNEX) released its second quarter results on Monday, May 10, 2021. The company reported net earnings of $2.72 per share for the second quarter ending March 31, 2021. Earnings for this past quarter were up 36 percent compared to the same period a year ago.
StoneX Group Inc. was founded in 1924 and is headquartered in New York, New York. StoneX Group Inc. operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. Its 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.
Stonex Group's revenue decreased 15 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 3.16% for the second quarter compared to the same period in the previous year, and operating margins increased to 0.88% over the same period. Net earnings for past trailing twelve months were $183.8 million, up 89% from the prior year.
Moving on to the balance sheet, Stonex Group's cash levels jumped 73% for the second quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased nan% this past year. The current ratio for Stonex Group now stands at nan. The company increased shares outstanding by 2.95%.
Shares of SNEX are currently trading around $66.95. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 7.07 and price to book ratio of 1.53.