Zacks: Analysts Anticipate IntriCon Co. (IIN) Will Announce Quarterly Sales of $26.10 Million

Equities research analysts expect IntriCon Co. (NASDAQ:IIN) to announce sales of $26.10 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for IntriCon’s earnings. IntriCon posted sales of $21.96 million during the same quarter last year, which would indicate a positive year over year growth rate of 18.9%. The business is scheduled to report its next earnings report on Wednesday, August 1st.

According to Zacks, analysts expect that IntriCon will report full year sales of $106.43 million for the current financial year, with estimates ranging from $105.96 million to $106.90 million. For the next fiscal year, analysts forecast that the firm will report sales of $123.22 million per share, with estimates ranging from $122.04 million to $124.40 million. Zacks’ sales averages are an average based on a survey of research firms that cover IntriCon.

IntriCon (NASDAQ:IIN) last issued its quarterly earnings data on Monday, May 7th. The technology company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.08. IntriCon had a net margin of 3.21% and a return on equity of 14.51%. The business had revenue of $25.36 million during the quarter, compared to analysts’ expectations of $23.55 million.

IIN has been the topic of a number of analyst reports. B. Riley raised their target price on shares of IntriCon from $26.50 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, May 9th. Stifel Nicolaus lifted their price target on shares of IntriCon from $35.00 to $50.00 and gave the company a “buy” rating in a report on Friday, June 15th. Zacks Investment Research upgraded shares of IntriCon from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, March 8th. Finally, ValuEngine upgraded shares of IntriCon from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $38.67.

Several large investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC purchased a new stake in IntriCon during the 1st quarter worth $166,000. Navellier & Associates Inc purchased a new stake in IntriCon during the 1st quarter worth $231,000. JPMorgan Chase & Co. purchased a new stake in IntriCon during the 1st quarter worth $294,000. Hillsdale Investment Management Inc. purchased a new stake in IntriCon during the 1st quarter worth $386,000. Finally, Allianz Asset Management GmbH purchased a new stake in IntriCon during the 1st quarter worth $1,050,000. Institutional investors and hedge funds own 41.04% of the company’s stock.

Shares of IntriCon opened at $39.60 on Friday, according to MarketBeat.com. IntriCon has a 1-year low of $6.05 and a 1-year high of $46.20. The company has a market cap of $315.14 million, a PE ratio of 136.55, a price-to-earnings-growth ratio of 6.33 and a beta of 0.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.85.

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 bio-telemetry devices, hearing healthcare, and professional audio communication devices markets.

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