$0.06 Earnings Per Share Expected for IntriCon Co. (IIN) This Quarter

Wall Street brokerages expect IntriCon Co. (NASDAQ:IIN) to announce $0.06 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for IntriCon’s earnings. IntriCon reported earnings of ($0.12) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 150%. The business is expected to announce its next quarterly earnings report on Thursday, February 15th.

On average, analysts expect that IntriCon will report full-year earnings of $0.24 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $0.60 per share. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow IntriCon.

IntriCon (NASDAQ:IIN) last posted its quarterly earnings results on Monday, November 6th. The technology company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. IntriCon had a positive return on equity of 4.06% and a negative net margin of 0.63%.

IIN has been the topic of a number of recent analyst reports. TheStreet raised IntriCon from a “c” rating to a “b-” rating in a report on Wednesday, November 8th. Zacks Investment Research cut IntriCon from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. IntriCon presently has an average rating of “Buy” and an average target price of $17.00.

IntriCon (IIN) remained flat at $$22.85 during trading hours on Wednesday. 126,209 shares of the stock were exchanged, compared to its average volume of 101,536. The company has a quick ratio of 0.54, a current ratio of 1.45 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $156.96, a P/E ratio of 108.81, a PEG ratio of 1.81 and a beta of 0.40. IntriCon has a twelve month low of $6.05 and a twelve month high of $23.55.

In other news, VP Michael Geraci sold 2,737 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.60, for a total transaction of $48,171.20. Following the completion of the transaction, the vice president now owns 22,011 shares in the company, valued at $387,393.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 21.40% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Algert Global LLC purchased a new position in shares of IntriCon during the third quarter valued at about $396,000. EAM Investors LLC purchased a new position in shares of IntriCon during the third quarter valued at about $588,000. Essex Investment Management Co. LLC purchased a new position in shares of IntriCon during the third quarter valued at about $267,000. Pacific Alternative Asset Management Company LLC grew its position in shares of IntriCon by 73.4% during the second quarter. Pacific Alternative Asset Management Company LLC now owns 292,853 shares of the technology company’s stock valued at $2,394,000 after purchasing an additional 123,942 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of IntriCon by 5.8% during the second quarter. Vanguard Group Inc. now owns 21,813 shares of the technology company’s stock valued at $174,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 33.89% of the company’s stock.

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IntriCon Company Profile

IntriCon Corporation is engaged in designing, developing, engineering, manufacturing and distributing body-worn devices. The Company operates through body-worn device segment. The Company serves the body-worn device market by designing, developing, engineering and manufacturing micro-miniature products, microelectronics, micro-mechanical assemblies, complete assemblies and software solutions, primarily for the value hearing health market, the medical bio-telemetry market and the professional audio communication market.

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