CI&T (NYSE:CINT - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. CI&T has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.
CI&T (NYSE:CINT - Get Free Report) last announced its quarterly earnings data on Friday, August 16th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). CI&T had a return on equity of 10.93% and a net margin of 4.97%. The business had revenue of $100.45 million during the quarter, compared to the consensus estimate of $104.75 million. On average, analysts expect CI&T to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
CI&T Stock Performance
NYSE:CINT traded down $0.01 during mid-day trading on Thursday, reaching $6.90. 48,457 shares of the company's stock were exchanged, compared to its average volume of 94,624. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 1.80. CI&T has a one year low of $3.34 and a one year high of $8.04. The firm has a market capitalization of $927.43 million, a PE ratio of 50.21 and a beta of 1.16. The business's fifty day simple moving average is $6.89 and its two-hundred day simple moving average is $5.75.
Analysts Set New Price Targets
Several research firms recently commented on CINT. Citigroup raised their target price on CI&T from $6.00 to $8.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. The Goldman Sachs Group initiated coverage on shares of CI&T in a report on Wednesday, September 4th. They set a "neutral" rating and a $7.30 target price on the stock. Canaccord Genuity Group boosted their price objective on shares of CI&T from $6.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Itau BBA Securities upgraded shares of CI&T from a "market perform" rating to an "outperform" rating and set a $10.00 price objective for the company in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of CI&T from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.00.
View Our Latest Stock Report on CI&T
CI&T Company Profile
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CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.
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