Inter & Co, Inc. (NASDAQ:INTR) Issues Earnings Results

Inter & Co, Inc. (NASDAQ:INTR) released its quarterly earnings results on Thursday. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01, Zacks reports. Inter & Co, Inc. had a return on equity of 9.29% and a net margin of 10.37%.

Inter & Co, Inc. Price Performance

NASDAQ:INTR traded up $0.22 during mid-day trading on Thursday, reaching $5.50. The stock had a trading volume of 1,977,698 shares, compared to its average volume of 1,843,894. The stock has a market capitalization of $2.39 billion, a P/E ratio of 15.70 and a beta of 1.32. The firm has a 50 day moving average price of $4.56 and a two-hundred day moving average price of $5.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. Inter & Co, Inc. has a one year low of $3.88 and a one year high of $7.84.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their target price on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $7.28.

About Inter & Co, Inc.

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application.