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

Inter & Co, Inc. (NASDAQ:INTR) issued its earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01, Zacks reports. Inter & Co, Inc. had a net margin of 10.37% and a return on equity of 9.29%.

Inter & Co, Inc. Stock Down 2.6 %

INTR stock opened at $5.42 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50 day simple moving average is $4.56 and its 200-day simple moving average is $5.95. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84. The firm has a market capitalization of $2.35 billion, a PE ratio of 15.46 and a beta of 1.32.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a research note on Friday, January 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Inter & Co, Inc. has a consensus rating of “Buy” and an average price target of $7.28.

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.