CI&T (CINT) Set to Announce Earnings on Thursday

CI&T (NYSE:CINT) will be releasing its earnings data 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.Investors that are interested in registering for the company’s conference call can do so using this link.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Friday, August 16th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $100.45 million for the quarter, compared to analysts’ expectations of $104.75 million. CI&T had a return on equity of 10.93% and a net margin of 4.97%. 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 2.7 %

CINT stock opened at $6.91 on Thursday. The stock has a 50-day simple moving average of $6.89 and a two-hundred day simple moving average of $5.75. CI&T has a twelve month low of $3.34 and a twelve month high of $8.04. The firm has a market capitalization of $928.77 million, a PE ratio of 49.36 and a beta of 1.16. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.45.

Wall Street Analyst Weigh In

Several brokerages recently commented on CINT. 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 note 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 target for the company in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Citigroup boosted their target price on CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, The Goldman Sachs Group assumed coverage on CI&T in a report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 price target on the stock. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock 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.