Inter & Co, Inc. (NASDAQ:INTR) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) issued its earnings results on Monday. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01), Zacks reports. The business had revenue of $323.40 million for the quarter, compared to the consensus estimate of $1.89 billion. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%.

Inter & Co, Inc. Stock Down 2.0%

Inter & Co, Inc. stock traded down $0.14 during midday trading on Friday, hitting $6.75. 1,811,112 shares of the company's stock were exchanged, compared to its average volume of 2,044,247. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84. The firm has a 50-day moving average of $5.96 and a two-hundred day moving average of $5.40. The company has a market cap of $2.97 billion, a PE ratio of 17.31 and a beta of 1.18.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating for the company in a report on Friday, January 24th. Morgan Stanley reduced their price target on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $6.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTR. Royal Bank of Canada boosted its stake in Inter & Co, Inc. by 1,446.7% in the 1st quarter. Royal Bank of Canada now owns 66,510 shares of the company's stock worth $364,000 after purchasing an additional 62,210 shares in the last quarter. Millennium Management LLC increased its holdings in Inter & Co, Inc. by 94.4% in the 1st quarter. Millennium Management LLC now owns 2,113,061 shares of the company's stock worth $11,580,000 after acquiring an additional 1,026,321 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Inter & Co, Inc. by 43.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company's stock worth $16,042,000 after buying an additional 891,939 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors.

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.