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

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

Inter & Co. Inc. Stock Performance

Shares of INTR traded down $0.07 during mid-day trading on Thursday, hitting $3.96. 9,216,874 shares of the company’s stock were exchanged, compared to its average volume of 14,717,605. The stock’s 50-day simple moving average is $5.55 and its 200-day simple moving average is $6.58. Inter & Co. Inc. has a 52 week low of $3.75 and a 52 week high of $10.36. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 6.11, a price-to-earnings-growth ratio of 0.20 and a beta of 1.01.

Analyst Ratings Changes

Several equities analysts recently issued reports on INTR shares. Zacks Research upgraded Inter & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Monday. UBS Group increased their price objective on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. JPMorgan Chase & Co. upped their price target on Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Inter & Co. Inc. in a report on Tuesday, October 6th. 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.30.

Inter & Co. Inc. Company Profile

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.