Inter & Co. Inc. (NASDAQ:INTR) Posts Earnings Results, Beats Estimates By $0.01 EPS

Inter & Co. Inc. (NASDAQ:INTR) released its quarterly earnings data on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01, Zacks reports. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.34%. The company had revenue of $475.45 million during the quarter, compared to analysts’ expectations of $513.31 million.

Inter & Co. Inc. Stock Down 0.3%

Shares of NASDAQ:INTR traded down $0.01 during midday trading on Thursday, reaching $5.70. The company had a trading volume of 4,854,091 shares, compared to its average volume of 4,510,145. Inter & Co. Inc. has a 1-year low of $5.16 and a 1-year high of $10.36. The business’s 50 day moving average price is $5.62 and its 200 day moving average price is $7.23. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. The stock has a market cap of $2.51 billion, a PE ratio of 9.49, a P/E/G ratio of 0.23 and a beta of 0.95.

Analyst Upgrades and Downgrades

INTR has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their target price on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a research report on Friday, May 8th. Citigroup lowered Inter & Co. Inc. from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $12.00 to $6.50 in a research note on Monday, May 18th. Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. JPMorgan Chase & Co. decreased their price target on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Finally, Weiss Ratings lowered shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Inter & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd grew its position in shares of Inter & Co. Inc. by 15,133.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock worth $62,000 after purchasing an additional 7,264 shares in the last quarter. Barclays PLC bought a new position in Inter & Co. Inc. during the 4th quarter worth $63,000. State of Wyoming acquired a new position in Inter & Co. Inc. in the 4th quarter valued at $122,000. Brooklyn Investment Group bought a new stake in shares of Inter & Co. Inc. during the 4th quarter valued at $126,000. Finally, Mangrove Partners IM LLC acquired a new stake in shares of Inter & Co. Inc. during the 4th quarter worth $182,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

About Inter & Co. Inc.

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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.