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

Inter & Co, Inc. (NASDAQ:INTR) announced its quarterly earnings data on Monday. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01), Zacks reports. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%.

Inter & Co, Inc. Stock Down 3.4%

Shares of INTR stock opened at $6.87 on Monday. The stock’s 50 day simple moving average is $5.84 and its 200 day simple moving average is $5.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 17.86 and a beta of 1.18.

Analysts Set New Price Targets

A number of brokerages have commented on INTR. JPMorgan Chase & Co. decreased their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a research report on Friday, January 24th. Morgan Stanley cut their price target on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $6.78.

Inter & Co, Inc. Company Profile

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application.