IntriCon Co. to Post Q4 2017 Earnings of $0.06 Per Share, Dougherty & Co Forecasts (IIN)

IntriCon Co. (NASDAQ:IIN) – Stock analysts at Dougherty & Co cut their Q4 2017 EPS estimates for shares of IntriCon in a report released on Tuesday, according to Zacks Investment Research. Dougherty & Co analyst R. Ryan now anticipates that the technology company will post earnings of $0.06 per share for the quarter, down from their previous estimate of $0.08.

Several other research analysts have also recently weighed in on IIN. Zacks Investment Research cut shares of IntriCon from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. TheStreet raised IntriCon from a “c” rating to a “b-” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $17.00.

IntriCon (NASDAQ:IIN) traded up $0.75 during mid-day trading on Thursday, hitting $21.75. 72,533 shares of the company traded hands, compared to its average volume of 70,880. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.54 and a current ratio of 1.45. The company has a market capitalization of $149.40, a PE ratio of 103.57, a price-to-earnings-growth ratio of 1.75 and a beta of 0.40. IntriCon has a one year low of $6.05 and a one year high of $22.30.

In other IntriCon news, VP Michael Geraci sold 2,737 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $17.60, for a total value of $48,171.20. Following the completion of the sale, the vice president now owns 22,011 shares of the company’s stock, valued at $387,393.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 21.40% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in shares of IntriCon by 10.2% during the second quarter. Northern Trust Corp now owns 21,040 shares of the technology company’s stock valued at $172,000 after purchasing an additional 1,942 shares during the period. Vanguard Group Inc. boosted its stake in shares of IntriCon by 5.8% during the second quarter. Vanguard Group Inc. now owns 21,813 shares of the technology company’s stock valued at $174,000 after purchasing an additional 1,200 shares during the period. Essex Investment Management Co. LLC purchased a new stake in shares of IntriCon during the third quarter valued at approximately $267,000. Algert Global LLC purchased a new stake in shares of IntriCon during the third quarter valued at approximately $396,000. Finally, EAM Investors LLC purchased a new stake in shares of IntriCon during the third quarter valued at approximately $588,000. 33.89% of the stock is owned by hedge funds and other institutional investors.

WARNING: This piece of content was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/13/dougherty-co-comments-on-intricon-co-s-q4-2017-earnings-iin.html.

About IntriCon

IntriCon Corporation is engaged in designing, developing, engineering, manufacturing and distributing body-worn devices. The Company operates through body-worn device segment. The Company serves the body-worn device market by designing, developing, engineering and manufacturing micro-miniature products, microelectronics, micro-mechanical assemblies, complete assemblies and software solutions, primarily for the value hearing health market, the medical bio-telemetry market and the professional audio communication market.

Get a free copy of the Zacks research report on IntriCon (IIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for IntriCon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IntriCon and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply