Zacks: Brokerages Anticipate IntriCon Co. (NASDAQ:IIN) to Post -$0.03 EPS

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Brokerages forecast that IntriCon Co. (NASDAQ:IIN) will announce ($0.03) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for IntriCon’s earnings, with estimates ranging from ($0.09) to $0.04. IntriCon posted earnings per share of $0.09 in the same quarter last year, which would suggest a negative year over year growth rate of 133.3%. The company is scheduled to issue its next earnings report on Tuesday, February 18th.

According to Zacks, analysts expect that IntriCon will report full year earnings of ($0.52) per share for the current financial year, with EPS estimates ranging from ($0.61) to ($0.43). For the next fiscal year, analysts forecast that the business will post earnings of $0.43 per share, with EPS estimates ranging from $0.23 to $0.57. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover IntriCon.

IntriCon (NASDAQ:IIN) last announced its quarterly earnings results on Monday, November 4th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). IntriCon had a negative net margin of 3.14% and a positive return on equity of 1.81%. The firm had revenue of $26.89 million during the quarter, compared to analysts’ expectations of $27.68 million.

A number of research analysts have recently weighed in on the company. B. Riley set a $36.00 price target on IntriCon and gave the company a “buy” rating in a research report on Friday, November 1st. Dougherty & Co restated a “buy” rating and issued a $34.00 price target on shares of IntriCon in a research report on Tuesday, September 17th. ValuEngine upgraded IntriCon from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Finally, Zacks Investment Research lowered IntriCon from a “buy” rating to a “sell” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. IntriCon presently has an average rating of “Buy” and a consensus target price of $32.00.

Shares of IIN stock traded down $0.29 during mid-day trading on Friday, reaching $18.58. The stock had a trading volume of 63,618 shares, compared to its average volume of 78,439. IntriCon has a 12-month low of $16.81 and a 12-month high of $29.59. The company has a market cap of $162.85 million, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 18.19 and a beta of 0.66. The business has a 50-day simple moving average of $19.07 and a 200 day simple moving average of $20.29. The company has a current ratio of 3.19, a quick ratio of 2.33 and a debt-to-equity ratio of 0.04.

Several institutional investors and hedge funds have recently bought and sold shares of IIN. Roubaix Capital LLC boosted its stake in shares of IntriCon by 141.8% during the second quarter. Roubaix Capital LLC now owns 141,301 shares of the technology company’s stock valued at $3,301,000 after acquiring an additional 82,867 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of IntriCon during the second quarter valued at $517,000. Balter Liquid Alternatives LLC boosted its stake in shares of IntriCon by 89.8% during the second quarter. Balter Liquid Alternatives LLC now owns 36,523 shares of the technology company’s stock valued at $853,000 after acquiring an additional 17,280 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of IntriCon by 288.1% during the second quarter. Gamco Investors INC. ET AL now owns 93,919 shares of the technology company’s stock valued at $2,194,000 after acquiring an additional 69,719 shares during the last quarter. Finally, Teton Advisors Inc. boosted its stake in shares of IntriCon by 16.6% during the second quarter. Teton Advisors Inc. now owns 156,679 shares of the technology company’s stock valued at $3,660,000 after acquiring an additional 22,342 shares during the last quarter. 80.04% of the stock is currently owned by institutional investors and hedge funds.

About IntriCon

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 biotelemetry devices, hearing healthcare, and professional audio communication devices markets.

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