Inter & Co. Inc. (NASDAQ:INTR) Releases Earnings Results

Inter & Co. Inc. (NASDAQ:INTR) posted its quarterly earnings results on Thursday. The company reported $0.18 EPS 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 analysts’ expectations 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. Trading Down 1.7%

Shares of Inter & Co. Inc. stock traded down $0.07 on Thursday, reaching $3.96. The company had a trading volume of 9,216,874 shares, compared to its average volume of 14,717,605. The firm’s 50 day moving average price is $5.55 and its two-hundred day moving average price is $6.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. Inter & Co. Inc. has a 52-week low of $3.75 and a 52-week high of $10.36. The firm has a market cap of $1.75 billion, a PE ratio of 6.00, a PEG ratio of 0.20 and a beta of 1.01.

Wall Street Analyst Weigh In

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