CI&T (NYSE:CINT) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Key Points

• CI&T reported quarterly EPS of $0.08, missing the consensus estimate of $0.10 by $0.02.
• Shares rose $0.12 to $3.34 on Wednesday. The stock’s 52-week range is $2.80–$5.80.
• Analyst opinions are mixed, with a consensus rating of “Hold” and an average price target of $6.08; insiders have purchased 41,105 shares over the past three months.

CI&T (NYSE:CINT - Get Free Report) issued its earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02), Zacks reports. CI&T had a return on equity of 11.69% and a net margin of 6.79%.

CI&T Price Performance

CINT stock traded up $0.12 during trading on Wednesday, reaching $3.34. 95,233 shares of the company were exchanged, compared to its average volume of 122,805. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.31. The stock's 50 day moving average price is $3.13 and its 200 day moving average price is $3.92. CI&T has a 52-week low of $2.80 and a 52-week high of $5.80. The company has a market cap of $449.09 million, a P/E ratio of 11.51 and a beta of 0.82.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CINT shares. Wedbush downgraded shares of CI&T from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $7.00 to $4.00 in a research note on Tuesday, July 21st. Zacks Research cut CI&T from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 22nd. UBS Group reduced their target price on CI&T from $7.20 to $6.20 and set a "buy" rating for the company in a report on Wednesday, August 12th. Weiss Ratings reissued a "sell (d+)" rating on shares of CI&T in a research report on Friday, September 25th. Finally, TD Cowen dropped their price target on CI&T from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $6.08.

Insider Transactions at CI&T

In related news, Director Fernando Matt Borges Martins purchased 9,116 shares of CI&T stock in a transaction dated Wednesday, October 7th. The stock was bought at an average cost of $3.12 per share, for a total transaction of $28,441.92. Following the transaction, the director owned 20 shares in the company, valued at approximately $62.40. The trade was a -100.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought 41,105 shares of company stock valued at $127,888 over the last three months.

CI&T Company Profile

CI&T is a global technology and digital transformation company that helps organizations develop and improve digital products, services and operations. Its offerings include technology consulting, product design, software development, data and artificial intelligence solutions, cloud services and modernization of existing systems. Founded in Brazil in 1995, the company serves clients across multiple industries and geographies, including North America, Latin America and Europe. CI&T works with organizations on initiatives ranging from digital strategy and customer experiences to the design and implementation of technology platforms.

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