Inter & Co. Inc. (NASDAQ:INTR) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Inter & Co. Inc. (NASDAQ:INTR) announced its quarterly earnings data on Thursday. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01), FiscalAI reports. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. The business had revenue of $491.26 million during the quarter, compared to analysts’ expectations of $532.32 million.

Inter & Co. Inc. Stock Performance

NASDAQ:INTR traded up $0.18 during mid-day trading on Friday, reaching $4.14. The company’s stock had a trading volume of 9,471,083 shares, compared to its average volume of 5,980,288. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.83 billion, a P/E ratio of 6.24, a PEG ratio of 0.20 and a beta of 1.01. The firm’s fifty day moving average price is $5.55 and its two-hundred day moving average price is $6.58. Inter & Co. Inc. has a 12-month low of $3.75 and a 12-month high of $10.36.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Inter & Co. Inc. from $8.80 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. JPMorgan Chase & Co. raised their price target on Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. Zacks Research raised Inter & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, The Goldman Sachs Group set a $9.00 price target on shares of Inter & Co. Inc. in a research note on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Inter & Co. Inc. presently has an average rating of “Hold” and a consensus price target of $9.30.

About Inter & Co. Inc.

Inter & Co. Inc. is a digital financial services company whose platform is centered on Banco Inter, a Brazilian digital bank. The company offers banking services such as accounts, payments, credit and debit cards, lending, and financial products, including investment and insurance offerings. Its broader digital platform also includes shopping and lifestyle services, as well as tools for customers making international transactions. Inter serves customers primarily in Brazil and has expanded its offerings to include services for clients in the United States.