Overview

* Stonex ( SNEX ) fiscal Q3 net operating revenues rise 4% yr/yr to $488.3 mln

* Net income for fiscal Q3 increases to $63.4 mln despite acquisition charges

* Co completes acquisitions of R.J. O'Brien and The Benchmark Company, LLC

Outlook

* Company did not provide specific forward-looking guidance for future quarters

* StoneX ( SNEX ) expects acquisitions to enhance market position in derivatives

Result Drivers

* INSTITUTIONAL GROWTH - Significant growth in Institutional segment, especially in equity markets, offset declines in Commercial segment

* ACQUISITION CHARGES - $8.9 mln in acquisition-related charges impacted diluted EPS by approximately $0.12

* COMMERCIAL DECLINE - Reduced commodity volatility and tariff-related uncertainty led to declines in Commercial segment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $488.30

Operatin mln

g

Revenues

Q3 EPS $1.22

Q3 Net $63.40

Income mln

Q3 ROE 13.1%

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment banking & brokerage services peer group is "buy."

* Wall Street's median 12-month price target for StoneX Group Inc ( SNEX ) is $111.00, about 11.5% above its August 4 closing price of $98.23

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)