Dougherty & Co Weighs in on IntriCon Co.’s FY2018 Earnings (IIN)

IntriCon Co. (NASDAQ:IIN) – Equities research analysts at Dougherty & Co boosted their FY2018 EPS estimates for shares of IntriCon in a research note issued to investors on Tuesday, November 6th. Dougherty & Co analyst R. Ryan now forecasts that the technology company will earn $0.74 per share for the year, up from their prior estimate of $0.72. Dougherty & Co currently has a “Neutral” rating and a $12.00 target price on the stock.

Several other equities research analysts also recently commented on IIN. B. Riley lifted their price objective on IntriCon from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, July 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 price objective (up from $50.00) on shares of IntriCon in a report on Thursday, July 26th. TheStreet upgraded IntriCon from a “c+” rating to a “b” rating in a report on Friday, August 31st. Finally, Zacks Investment Research downgraded IntriCon from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. Two equities research 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 currently has an average rating of “Buy” and a consensus price target of $51.25.

NASDAQ IIN opened at $39.95 on Thursday. IntriCon has a one year low of $14.36 and a one year high of $76.80. The stock has a market capitalization of $357.12 million, a P/E ratio of 137.76, a price-to-earnings-growth ratio of 4.68 and a beta of 0.93. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.45.

IntriCon (NASDAQ:IIN) last released its quarterly earnings data on Monday, November 5th. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. IntriCon had a return on equity of 22.73% and a net margin of 4.82%. The company had revenue of $30.13 million during the quarter, compared to the consensus estimate of $30.23 million.

In other IntriCon news, Director Philip Irving Smith sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $74.18, for a total value of $741,800.00. Following the transaction, the director now directly owns 6,667 shares of the company’s stock, valued at $494,558.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.20% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. First Mercantile Trust Co. purchased a new position in shares of IntriCon during the 3rd quarter valued at about $159,000. GSA Capital Partners LLP purchased a new position in shares of IntriCon during the 2nd quarter valued at about $226,000. Rhumbline Advisers purchased a new position in shares of IntriCon during the 2nd quarter valued at about $232,000. CAPROCK Group Inc. purchased a new position in shares of IntriCon during the 3rd quarter valued at about $251,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of IntriCon during the 3rd quarter valued at about $270,000. 39.42% of the stock is currently owned by institutional investors and hedge funds.

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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