CI&T (NYSE:CINT) Posts Earnings Results, Misses Estimates By $0.36 EPS

CI&T (NYSE:CINT) posted its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 Price Performance

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group increased their target price on shares of CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. TD Cowen assumed coverage on shares of CI&T in a report on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective for the company. UBS Group increased their target price on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Finally, Wedbush set a $9.00 price target on CI&T in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CI&T presently has a consensus rating of “Moderate Buy” and an average price target of $8.37.

CI&T Company Profile

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.