Equities analysts predict that IntriCon Co. (NASDAQ:IIN) will report $20.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for IntriCon’s earnings, with the highest sales estimate coming in at $20.80 million and the lowest estimate coming in at $19.55 million. IntriCon posted sales of $29.34 million during the same quarter last year, which suggests a negative year over year growth rate of 31.2%. The business is expected to report its next quarterly earnings results on Tuesday, August 4th.

According to Zacks, analysts expect that IntriCon will report full-year sales of $93.89 million for the current fiscal year, with estimates ranging from $93.87 million to $93.90 million. For the next year, analysts expect that the firm will post sales of $114.36 million, with estimates ranging from $108.60 million to $120.12 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover IntriCon.

IntriCon (NASDAQ:IIN) last issued its quarterly earnings results on Tuesday, May 19th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). IntriCon had a negative return on equity of 1.35% and a negative net margin of 6.19%. The firm had revenue of $21.50 million during the quarter, compared to analysts’ expectations of $21.54 million.

IIN has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of IntriCon from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. ValuEngine downgraded shares of IntriCon from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 10th. Zacks Investment Research downgraded shares of IntriCon from a “buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, B. Riley boosted their price objective on shares of IntriCon from $26.50 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $24.50.

IntriCon stock traded down $0.49 during trading on Wednesday, reaching $13.11. The stock had a trading volume of 39,500 shares, compared to its average volume of 66,294. IntriCon has a 52-week low of $9.84 and a 52-week high of $23.57. The business has a 50 day moving average price of $13.47 and a 200 day moving average price of $14.64. The company has a quick ratio of 3.03, a current ratio of 4.14 and a debt-to-equity ratio of 0.03. The stock has a market cap of $119.82 million, a PE ratio of -17.72 and a beta of 1.00.

Several institutional investors have recently made changes to their positions in IIN. Russell Investments Group Ltd. boosted its position in shares of IntriCon by 30.1% in the 1st quarter. Russell Investments Group Ltd. now owns 577,597 shares of the technology company’s stock worth $6,797,000 after buying an additional 133,661 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of IntriCon by 16.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 515,450 shares of the technology company’s stock worth $6,067,000 after buying an additional 72,800 shares in the last quarter. Mairs & Power INC boosted its position in shares of IntriCon by 5.3% in the 4th quarter. Mairs & Power INC now owns 307,166 shares of the technology company’s stock worth $5,529,000 after buying an additional 15,350 shares in the last quarter. Teton Advisors Inc. boosted its position in shares of IntriCon by 11.5% in the 1st quarter. Teton Advisors Inc. now owns 193,724 shares of the technology company’s stock worth $2,280,000 after buying an additional 20,000 shares in the last quarter. Finally, State Street Corp lifted its holdings in IntriCon by 7.3% in the 4th quarter. State Street Corp now owns 148,609 shares of the technology company’s stock valued at $2,675,000 after purchasing an additional 10,134 shares in the last quarter. 72.29% 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 biotelemetry devices, hearing healthcare, and professional audio communication devices markets.

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Earnings History and Estimates for IntriCon (NASDAQ:IIN)

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