CI&T (NYSE:CINT) Releases Quarterly Earnings Results, Misses Expectations By $0.36 EPS

CI&T (NYSE:CINT) issued its earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.36), Zacks reports. CI&T had a return on equity of 9.55% and a net margin of 4.39%.

CI&T Stock Performance

CINT traded up $0.08 during trading on Wednesday, hitting $6.58. 94,035 shares of the company traded hands, compared to its average volume of 108,635. The firm has a market cap of $884.43 million, a P/E ratio of 50.62 and a beta of 1.18. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T has a one year low of $3.34 and a one year high of $8.04. The stock’s fifty day moving average is $6.80 and its 200 day moving average is $6.77.

Wall Street Analyst Weigh In

CINT has been the topic of several research reports. Wedbush set a $9.00 price objective on shares of CI&T in a report on Monday, February 3rd. Canaccord Genuity Group raised their price target on shares of CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, November 18th. UBS Group boosted their price objective on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, TD Cowen began coverage on CI&T in a report on Friday, December 6th. They issued a “buy” rating and a $9.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.37.

About CI&T

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.