Equities research analysts predict that IntriCon Co. (NASDAQ:IIN) will announce $0.04 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for IntriCon’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.00. IntriCon posted earnings per share of $0.22 in the same quarter last year, which would suggest a negative year-over-year growth rate of 81.8%. The business is scheduled to issue its next quarterly earnings results on Monday, November 4th.
According to Zacks, analysts expect that IntriCon will report full year earnings of $0.22 per share for the current year, with EPS estimates ranging from $0.17 to $0.27. For the next year, analysts forecast that the business will post earnings of $0.59 per share, with EPS estimates ranging from $0.57 to $0.61. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow IntriCon.
IntriCon (NASDAQ:IIN) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.59). The company had revenue of $29.34 million during the quarter, compared to the consensus estimate of $29.32 million. IntriCon had a negative net margin of 1.23% and a positive return on equity of 4.21%.
A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of IntriCon from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 5th. Stifel Nicolaus set a $36.00 target price on shares of IntriCon and gave the stock a “buy” rating in a report on Friday, July 19th. B. Riley set a $36.00 target price on shares of IntriCon and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research upgraded shares of IntriCon from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Two investment 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. The stock presently has an average rating of “Buy” and a consensus price target of $38.75.
A number of institutional investors have recently bought and sold shares of IIN. Emerald Mutual Fund Advisers Trust acquired a new position in IntriCon in the 1st quarter worth approximately $4,399,000. Marshall Wace North America L.P. boosted its stake in IntriCon by 719.3% in the 2nd quarter. Marshall Wace North America L.P. now owns 117,610 shares of the technology company’s stock worth $2,747,000 after purchasing an additional 103,255 shares during the period. Marshall Wace LLP boosted its stake in IntriCon by 51.4% in the 1st quarter. Marshall Wace LLP now owns 244,688 shares of the technology company’s stock worth $6,137,000 after purchasing an additional 83,103 shares during the period. Roubaix Capital LLC boosted its stake in IntriCon by 141.8% in the 2nd quarter. Roubaix Capital LLC now owns 141,301 shares of the technology company’s stock worth $3,301,000 after purchasing an additional 82,867 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in IntriCon by 288.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 93,919 shares of the technology company’s stock worth $2,194,000 after purchasing an additional 69,719 shares during the period. 77.66% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:IIN traded up $0.27 during trading hours on Friday, reaching $20.25. 56,915 shares of the company’s stock were exchanged, compared to its average volume of 148,890. The company has a market capitalization of $177.27 million, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 7.67 and a beta of 0.72. IntriCon has a 12 month low of $16.81 and a 12 month high of $68.15. The company has a quick ratio of 2.19, a current ratio of 3.02 and a debt-to-equity ratio of 0.03. The business’s 50-day simple moving average is $18.07 and its two-hundred day simple moving average is $22.58.
IntriCon Company Profile
IntriCon Corporation, together with its subsidiaries, designs, develops, engineers, manufactures, and distributes body-worn devices in the United States, Europe, Asia, and internationally. The company operates in two segments, Body Worn Devices and Hearing Health Direct-To-Consumer. It offers micro-miniature products, microelectronics; micro-mechanical assemblies; high-precision injection-molded plastic components; and assemblies and software solutions for medical biotelemetry devices, hearing healthcare, and professional audio communication devices markets.
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