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

CI&T (NYSE:CINT) is scheduled to 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.Persons interested in registering for the company’s earnings conference call can do so using this link.

CI&T (NYSE:CINT) last issued its earnings results on Friday, August 16th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $100.45 million during the quarter, compared to the consensus estimate 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 Trading Up 2.9 %

Shares of CI&T stock opened at $7.14 on Wednesday. The company’s fifty day moving average price is $6.91 and its two-hundred day moving average price is $5.85. The firm has a market capitalization of $959.69 million, a PE ratio of 51.00 and a beta of 1.16. CI&T has a 52-week low of $3.34 and a 52-week high of $8.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.80.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CINT. The Goldman Sachs Group initiated coverage on shares of CI&T in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 price target for the company. Citigroup raised 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. Canaccord Genuity Group upped their price target on CI&T from $6.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price objective on CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Finally, Itau BBA Securities raised shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a report on Friday, August 16th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

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.