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

Inter & Co. Inc. (NASDAQ:INTR) announced its quarterly earnings data on Thursday. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01), FiscalAI reports. The company had revenue of $491.26 million for the quarter, compared to analyst estimates 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 NASDAQ INTR traded down $0.07 during trading hours on Thursday, hitting $3.96. 9,216,874 shares of the stock were exchanged, compared to its average volume of 14,717,605. Inter & Co. Inc. has a one year low of $3.75 and a one year high of $10.36. The company’s 50 day moving average is $5.55 and its 200 day moving average is $6.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $1.75 billion, a P/E ratio of 6.11, a P/E/G ratio of 0.20 and a beta of 1.01.

Analyst Upgrades and Downgrades

INTR has been the topic of a number of recent research reports. Zacks Research upgraded Inter & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Monday. UBS Group lifted their target price on Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a research note on Tuesday, October 6th. The Goldman Sachs Group set a $9.00 target price on shares of Inter & Co. Inc. in a research note on Thursday, October 29th. Finally, JPMorgan Chase & Co. lifted their target price on Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an “overweight” rating in a report on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Inter & Co. Inc. currently has an average rating of “Hold” and an average 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.