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

Inter & Co, Inc. (NASDAQ:INTR) announced its quarterly earnings results on Monday. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01), Zacks reports. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%.

Inter & Co, Inc. Stock Performance

NASDAQ:INTR opened at $6.87 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $5.84 and its 200-day moving average price is $5.37. The company has a market cap of $3.02 billion, a P/E ratio of 17.86 and a beta of 1.18. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84.

Wall Street Analysts Forecast Growth

INTR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a report on Friday, January 24th. Morgan Stanley decreased their target price on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.78.

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.