CI&T (NYSE:CINT) Announces Quarterly Earnings Results

Key Points

• CI&T reported quarterly earnings of $0.07 per share, exceeding estimates of $0.06, with revenue reported at $116.32 million.
• The stock saw a price increase of $0.54 to reach $5.40, and analysts have a consensus rating of Moderate Buy with a target price of $8.01.
• Institutional investors own 92.45% of CI&T's stock, with significant increases in holdings from firms like Goldman Sachs and Marshall Wace.

CI&T (NYSE:CINT - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01, Zacks reports. The firm had revenue of $116.32 million for the quarter, compared to the consensus estimate of $659.84 million. CI&T had a net margin of 7.27% and a return on equity of 11.50%. CI&T updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

CI&T Stock Performance

NYSE:CINT traded up $0.54 on Thursday, reaching $5.40. 487,464 shares of the company's stock were exchanged, compared to its average volume of 178,296. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $727.27 million, a price-to-earnings ratio of 22.50 and a beta of 1.17. CI&T has a 52 week low of $4.42 and a 52 week high of $8.04. The stock has a fifty day simple moving average of $5.66 and a 200-day simple moving average of $6.04.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CINT shares. Citigroup started coverage on shares of CI&T in a report on Friday, April 25th. They set a "buy" rating and a $7.00 price objective for the company. UBS Group decreased their price objective on shares of CI&T from $8.00 to $6.80 and set a "neutral" rating for the company in a report on Tuesday, July 22nd. Cowen restated a "buy" rating on shares of CI&T in a report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 price objective for the company in a report on Monday, May 19th. Finally, Wall Street Zen downgraded shares of CI&T from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CI&T presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.01.

Hedge Funds Weigh In On CI&T

A number of large investors have recently modified their holdings of CINT. BW Gestao de Investimentos Ltda. boosted its position in shares of CI&T by 9.2% in the second quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company's stock valued at $17,209,000 after acquiring an additional 242,811 shares during the period. Marshall Wace LLP boosted its position in shares of CI&T by 90.4% in the second quarter. Marshall Wace LLP now owns 380,818 shares of the company's stock valued at $2,273,000 after acquiring an additional 180,800 shares during the period. Goldman Sachs Group Inc. lifted its position in CI&T by 551.2% during the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company's stock valued at $442,000 after purchasing an additional 62,688 shares during the last quarter. Jane Street Group LLC lifted its position in CI&T by 180.1% during the second quarter. Jane Street Group LLC now owns 76,553 shares of the company's stock valued at $457,000 after purchasing an additional 49,219 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in CI&T during the second quarter valued at approximately $185,000. 92.45% of the stock is currently owned by institutional investors.

About CI&T

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.

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