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

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

Inter & Co, Inc. Stock Up 4.3 %

INTR traded up $0.23 during trading on Thursday, hitting $5.51. 2,034,274 shares of the company’s stock traded hands, compared to its average volume of 1,848,865. The company’s 50 day simple moving average is $4.56 and its two-hundred day simple moving average is $5.95. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a 12-month low of $3.88 and a 12-month high of $7.84. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 15.81 and a beta of 1.32.

Analyst Ratings Changes

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

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.