CI&T (NYSE:CINT) Announces Earnings Results

CI&T (NYSE:CINT) released its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.36), Zacks reports. CI&T had a return on equity of 9.55% and a net margin of 4.39%.

CI&T Trading Up 1.2 %

Shares of CINT stock traded up $0.08 on Wednesday, reaching $6.58. 94,013 shares of the stock were exchanged, compared to its average volume of 108,635. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The stock has a market cap of $884.43 million, a P/E ratio of 50.62 and a beta of 1.18. The firm has a 50 day moving average of $6.80 and a two-hundred day moving average of $6.77. CI&T has a 1-year low of $3.34 and a 1-year high of $8.04.

Wall Street Analyst Weigh In

CINT has been the subject of several analyst reports. Canaccord Genuity Group boosted their target price on shares of CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, November 18th. UBS Group upped their price objective on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Wedbush set a $9.00 target price on shares of CI&T in a research report on Monday, February 3rd. Finally, TD Cowen started coverage on CI&T in a report on Friday, December 6th. They issued a “buy” rating and a $9.00 price target for the company. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.37.

About CI&T

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.