CI&T (NYSE:CINT – Get Free Report) will be releasing its earnings data before the market opens on Friday, November 17th. Analysts expect CI&T to post earnings of $0.07 per share for the quarter. CI&T has set its FY 2023 guidance at EPS and its Q3 2023 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.
CI&T (NYSE:CINT – Get Free Report) last issued its quarterly earnings data on Friday, August 18th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. CI&T had a net margin of 7.29% and a return on equity of 19.35%. The business had revenue of $115.54 million during the quarter, compared to analyst estimates of $116.56 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
Shares of CINT opened at $5.37 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.67. CI&T has a one year low of $3.34 and a one year high of $9.30. The company has a 50-day simple moving average of $5.65 and a two-hundred day simple moving average of $5.39. The firm has a market capitalization of $718.56 million, a PE ratio of 22.38, a price-to-earnings-growth ratio of 1.15 and a beta of 1.03.
Hedge Funds Weigh In On CI&T
Analyst Upgrades and Downgrades
Several brokerages have commented on CINT. Bank of America lowered their price objective on shares of CI&T from $7.20 to $6.00 and set a “buy” rating for the company in a report on Monday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of CI&T from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, August 22nd. Finally, Citigroup lowered their price objective on shares of CI&T from $7.00 to $5.50 and set a “neutral” rating for the company in a report on Monday, August 21st.
CI&T Company Profile
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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