Inter & Co, Inc. (NASDAQ:INTR) Announces Quarterly Earnings Results

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

Inter & Co, Inc. Stock Up 1.6%

Inter & Co, Inc. stock opened at $7.14 on Monday. The company has a market capitalization of $3.14 billion, a P/E ratio of 18.31 and a beta of 1.18. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84. The firm’s fifty day simple moving average is $5.84 and its 200-day simple moving average is $5.37. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on INTR shares. Morgan Stanley lowered their price objective on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. lowered their price target on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Inter & Co, Inc. presently has a consensus 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.