Brokerages Expect IntriCon Co. (IIN) Will Post Quarterly Sales of $30.23 Million
Equities research analysts expect that IntriCon Co. (NASDAQ:IIN) will report $30.23 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for IntriCon’s earnings. The lowest sales estimate is $29.95 million and the highest is $30.50 million. IntriCon posted sales of $24.03 million during the same quarter last year, which suggests a positive year over year growth rate of 25.8%. The company is expected to announce its next earnings report after the market closes on Monday, November 5th.
According to Zacks, analysts expect that IntriCon will report full year sales of $115.84 million for the current fiscal year, with estimates ranging from $115.77 million to $115.90 million. For the next year, analysts forecast that the company will post sales of $138.17 million, with estimates ranging from $136.50 million to $139.84 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover IntriCon.
IntriCon (NASDAQ:IIN) last announced its quarterly earnings data on Wednesday, July 25th. The technology company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.15. IntriCon had a return on equity of 19.76% and a net margin of 4.32%. The company had revenue of $30.16 million for the quarter, compared to analyst estimates of $26.10 million.
In other news, Director Philip Irving Smith sold 10,000 shares of IntriCon stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $74.18, for a total transaction of $741,800.00. Following the completion of the sale, the director now directly owns 6,667 shares in the company, valued at approximately $494,558.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 21.20% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of IIN. Integrated Investment Consultants LLC acquired a new position in shares of IntriCon during the 2nd quarter worth approximately $308,000. Rhumbline Advisers acquired a new position in shares of IntriCon during the 2nd quarter worth approximately $232,000. ClariVest Asset Management LLC acquired a new position in shares of IntriCon during the 2nd quarter worth approximately $608,000. US Bancorp DE raised its position in shares of IntriCon by 58.1% during the 2nd quarter. US Bancorp DE now owns 17,694 shares of the technology company’s stock worth $713,000 after purchasing an additional 6,500 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of IntriCon during the 2nd quarter worth approximately $226,000. Institutional investors own 42.19% of the company’s stock.
IIN traded down $1.73 during trading on Friday, reaching $41.77. The company’s stock had a trading volume of 248,593 shares, compared to its average volume of 260,479. IntriCon has a 52-week low of $11.00 and a 52-week high of $76.80. The firm has a market capitalization of $372.36 million, a PE ratio of 144.03, a P/E/G ratio of 4.95 and a beta of 0.57. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.
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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