CI&T (NYSE:CINT – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02), Zacks reports. CI&T had a net margin of 6.79% and a return on equity of 11.69%.
CI&T Trading Up 3.6%
Shares of CI&T stock traded up $0.12 during trading on Wednesday, hitting $3.34. The stock had a trading volume of 95,664 shares, compared to its average volume of 122,828. CI&T has a 12 month low of $2.80 and a 12 month high of $5.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.31. The firm’s fifty day simple moving average is $3.13 and its 200-day simple moving average is $3.92. The stock has a market cap of $449.09 million, a PE ratio of 11.51 and a beta of 0.82.
Analyst Ratings Changes
Several equities research analysts have weighed in on CINT shares. Wedbush cut CI&T from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st. Zacks Research cut CI&T from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. dropped their target price on CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Wednesday, August 12th. UBS Group cut their target price on CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of CI&T in a report on Friday, September 25th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.08.
View Our Latest Research Report on CINT
Insider Activity at CI&T
In other news, Director Fernando Matt Borges Martins purchased 9,116 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The shares were bought at an average cost of $3.12 per share, for a total transaction of $28,441.92. Following the acquisition, the director owned 20 shares of the company’s stock, valued at approximately $62.40. This trade represents a -100.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have bought 41,105 shares of company stock worth $127,888.
CI&T Company Profile
CI&T is a global technology and digital transformation company that helps organizations develop and improve digital products, services and operations. Its offerings include technology consulting, product design, software development, data and artificial intelligence solutions, cloud services and modernization of existing systems. Founded in Brazil in 1995, the company serves clients across multiple industries and geographies, including North America, Latin America and Europe. CI&T works with organizations on initiatives ranging from digital strategy and customer experiences to the design and implementation of technology platforms.
Read More
- Five stocks we like better than CI&T
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for CI&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI&T and related companies with MarketBeat.com's FREE daily email newsletter.
