IntriCon (IIN) Set to Announce Quarterly Earnings on Monday

IntriCon (NASDAQ:IIN) is scheduled to be announcing its earnings results after the market closes on Monday, February 12th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.

IntriCon (NASDAQ:IIN) last released its earnings results on Monday, November 6th. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. IntriCon had a negative net margin of 0.63% and a positive return on equity of 4.06%. The firm had revenue of $24.03 million for the quarter. On average, analysts expect IntriCon to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of IntriCon (NASDAQ:IIN) opened at $18.20 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.54 and a current ratio of 1.45. IntriCon has a one year low of $6.05 and a one year high of $24.00. The firm has a market cap of $125.02, a P/E ratio of 202.22, a P/E/G ratio of 1.52 and a beta of 0.12.

Several equities analysts have commented on IIN shares. TheStreet upgraded shares of IntriCon from a “c” rating to a “b-” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of IntriCon from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.00.

In other news, VP Michael Geraci sold 2,737 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $17.60, for a total value of $48,171.20. Following the completion of the sale, the vice president now directly owns 22,011 shares of the company’s stock, valued at $387,393.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 21.40% of the company’s stock.

An institutional investor recently raised its position in IntriCon stock. Northern Trust Corp grew its position in IntriCon Co. (NASDAQ:IIN) by 10.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,040 shares of the technology company’s stock after acquiring an additional 1,942 shares during the quarter. Northern Trust Corp owned about 0.31% of IntriCon worth $172,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 33.90% of the company’s stock.

TRADEMARK VIOLATION WARNING: “IntriCon (IIN) Set to Announce Quarterly Earnings on Monday” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.americanbankingnews.com/2018/02/05/intricon-iin-set-to-announce-quarterly-earnings-on-monday.html.

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.

Earnings History for IntriCon (NASDAQ:IIN)

Receive News & Ratings for IntriCon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IntriCon and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply