Analysts forecast that IntriCon Co. (NASDAQ:IIN) will announce earnings per share (EPS) of $0.06 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for IntriCon’s earnings. IntriCon posted earnings of ($0.02) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 400%. The business is expected to report its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that IntriCon will report full-year earnings of $0.62 per share for the current year. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for IntriCon.
IntriCon (NASDAQ:IIN) last released its quarterly earnings data on Monday, February 12th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The business had revenue of $22.23 million during the quarter. IntriCon had a net margin of 2.04% and a return on equity of 10.82%.
A number of equities research analysts recently weighed in on the stock. TheStreet raised shares of IntriCon from a “c” rating to a “b-” rating in a research report on Wednesday, November 8th. Zacks Investment Research cut shares of IntriCon from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th.
In related news, VP Michael Geraci sold 2,737 shares of the business’s stock in a transaction on Monday, November 27th. The shares were 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 directly owns 22,011 shares of the company’s stock, valued at $387,393.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 21.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp raised its holdings in shares of IntriCon by 10.2% in the second quarter. Northern Trust Corp now owns 21,040 shares of the technology company’s stock valued at $172,000 after buying an additional 1,942 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of IntriCon by 5.8% in the second quarter. Vanguard Group Inc. now owns 21,813 shares of the technology company’s stock valued at $174,000 after buying an additional 1,200 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of IntriCon in the third quarter valued at about $267,000. Prescott Group Capital Management L.L.C. purchased a new stake in shares of IntriCon in the fourth quarter valued at about $366,000. Finally, Algert Global LLC purchased a new stake in shares of IntriCon in the third quarter valued at about $396,000. 33.15% of the stock is owned by hedge funds and other institutional investors.
Shares of IntriCon (NASDAQ:IIN) traded up $0.20 on Tuesday, reaching $20.25. 61,800 shares of the company were exchanged, compared to its average volume of 90,252. IntriCon has a 52-week low of $6.05 and a 52-week high of $24.00. The stock has a market capitalization of $138.75, a PE ratio of 96.43, a PEG ratio of 2.18 and a beta of 0.21. The company has a current ratio of 1.45, a quick ratio of 0.54 and a debt-to-equity ratio of 0.34.
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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.
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