IntriCon Co. (NASDAQ:IIN) – Stock analysts at B. Riley decreased their Q1 2019 earnings per share (EPS) estimates for shares of IntriCon in a note issued to investors on Wednesday, February 20th. B. Riley analyst A. D’silva now forecasts that the technology company will post earnings per share of $0.09 for the quarter, down from their prior forecast of $0.14. B. Riley also issued estimates for IntriCon’s Q2 2019 earnings at $0.15 EPS, FY2019 earnings at $0.62 EPS and FY2020 earnings at $1.65 EPS.
IntriCon (NASDAQ:IIN) last issued its quarterly earnings data on Tuesday, February 19th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.07). IntriCon had a return on equity of 12.01% and a net margin of 4.76%. The company had revenue of $30.81 million for the quarter, compared to analyst estimates of $30.30 million.
IIN has been the topic of several other reports. BidaskClub cut shares of IntriCon from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 13th. ValuEngine cut shares of IntriCon from a “strong-buy” rating to a “buy” rating in a report on Friday, December 7th. Stifel Nicolaus lowered their target price on shares of IntriCon from $70.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, January 4th. Zacks Investment Research cut shares of IntriCon from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Finally, Dougherty & Co raised shares of IntriCon from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Thursday, January 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. IntriCon presently has a consensus rating of “Buy” and an average price target of $50.25.
Shares of IIN opened at $27.47 on Thursday. IntriCon has a 12 month low of $17.05 and a 12 month high of $76.80. The company has a market cap of $254.30 million, a PE ratio of 42.92, a price-to-earnings-growth ratio of 3.26 and a beta of 1.24.
Large investors have recently made changes to their positions in the stock. First Mercantile Trust Co. bought a new position in IntriCon in the third quarter valued at approximately $159,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in IntriCon in the third quarter valued at approximately $270,000. MetLife Investment Advisors LLC bought a new position in IntriCon in the third quarter valued at approximately $295,000. Shell Asset Management Co. bought a new position in IntriCon in the third quarter valued at approximately $310,000. Finally, Cypress Capital Management LLC WY bought a new position in IntriCon in the third quarter valued at approximately $314,000. 60.87% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Greg Gruenhagen sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $25.37, for a total transaction of $38,055.00. Following the transaction, the vice president now directly owns 2,455 shares of the company’s stock, valued at $62,283.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.20% of the stock is currently owned by company insiders.
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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