CI&T (CINT) to Release Quarterly Earnings on Thursday

CI&T (NYSE:CINT) will be posting its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect CI&T to post 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.Parties interested in registering for the company’s conference call can do so using this link.

CI&T (NYSE:CINT) last posted 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 net margin of 4.97% and a return on equity of 10.93%. The business had revenue of $100.45 million during the quarter, compared to analysts’ expectations 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 Up 0.6 %

CINT opened at $6.94 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. CI&T has a twelve month low of $3.34 and a twelve month high of $8.04. The company has a market cap of $932.81 million, a PE ratio of 49.57 and a beta of 1.16. The company has a 50-day moving average price of $6.90 and a 200 day moving average price of $5.83.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CINT. JPMorgan Chase & Co. raised their target price on CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. The Goldman Sachs Group began coverage on CI&T in a report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 price objective on the stock. Citigroup lifted their target price on shares of CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Canaccord Genuity Group increased their target price 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. Finally, Itau BBA Securities upgraded shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

About CI&T

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.