CI&T (NYSE:CINT) Releases Earnings Results, Beats Expectations By $0.02 EPS

CI&T (NYSE:CINT) announced its earnings results on Wednesday. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02, FiscalAI reports. CI&T had a return on equity of 12.42% and a net margin of 7.83%.The business had revenue of $134.28 million during the quarter, compared to the consensus estimate of $697.67 million.

CI&T Stock Up 2.4%

CINT stock traded up $0.13 during midday trading on Wednesday, reaching $5.39. The company had a trading volume of 209,916 shares, compared to its average volume of 149,607. CI&T has a 1 year low of $3.98 and a 1 year high of $7.09. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $725.25 million, a P/E ratio of 19.95 and a beta of 1.15. The company has a 50 day moving average of $4.83 and a two-hundred day moving average of $4.80.

Analyst Ratings Changes

Several analysts have issued reports on CINT shares. UBS Group set a $7.00 price objective on CI&T and gave the stock a “buy” rating in a report on Wednesday, January 14th. Zacks Research cut shares of CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Weiss Ratings upgraded shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, CI&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.50.

Hedge Funds Weigh In On CI&T

A number of hedge funds have recently modified their holdings of the stock. Jump Financial LLC purchased a new stake in shares of CI&T during the second quarter worth $185,000. Campbell & CO Investment Adviser LLC bought a new stake in CI&T in the fourth quarter worth approximately $172,000. Jane Street Group LLC acquired a new position in CI&T during the first quarter worth $163,000. Squarepoint Ops LLC raised its stake in shares of CI&T by 60.7% in the 4th quarter. Squarepoint Ops LLC now owns 34,724 shares of the company’s stock valued at $141,000 after acquiring an additional 13,115 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new position in shares of CI&T in the third quarter valued at approximately $113,000. 92.45% of the stock is owned by institutional investors and hedge funds.

About CI&T

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.