inTEST (NYSEAMERICAN:INTT) Issues Q2 2022 Earnings Guidance

inTEST (NYSEAMERICAN:INTTGet Rating) issued an update on its second quarter 2022 earnings guidance on Monday morning. The company provided EPS guidance of $0.18-$0.23 for the period, compared to the consensus EPS estimate of $0.19. The company issued revenue guidance of $27.00 million-$29.00 million, compared to the consensus revenue estimate of $27.00 million.inTEST also updated its FY 2022 guidance to EPS.

Shares of NYSEAMERICAN INTT opened at $7.13 on Monday. The company has a market cap of $78.12 million, a PE ratio of 10.49, a PEG ratio of 0.89 and a beta of 1.91. inTEST has a 1 year low of $6.57 and a 1 year high of $18.00.

inTEST (NYSEAMERICAN:INTTGet Rating) last announced its quarterly earnings results on Friday, May 6th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. inTEST had a net margin of 8.55% and a return on equity of 15.85%. Research analysts forecast that inTEST will post 1.17 earnings per share for the current fiscal year.

INTT has been the subject of several research reports. TheStreet downgraded shares of inTEST from a b- rating to a c rating in a report on Friday, March 4th. Zacks Investment Research downgraded shares of inTEST from a buy rating to a hold rating in a report on Tuesday, March 8th.

In other inTEST news, Director Joseph W. Iv Dews purchased 9,235 shares of the company’s stock in a transaction on Monday, May 9th. The stock was acquired at an average price of $6.79 per share, for a total transaction of $62,705.65. Following the completion of the purchase, the director now directly owns 87,600 shares in the company, valued at approximately $594,804. The purchase was disclosed in a filing with the SEC, which is available through this link. 5.10% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in shares of inTEST in the fourth quarter worth $25,000. Advisor Group Holdings Inc. grew its stake in shares of inTEST by 329.8% during the first quarter. Advisor Group Holdings Inc. now owns 2,579 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 1,979 shares in the last quarter. Morgan Stanley grew its stake in shares of inTEST by 114.7% during the first quarter. Morgan Stanley now owns 14,788 shares of the semiconductor company’s stock worth $175,000 after purchasing an additional 7,900 shares in the last quarter. Northern Trust Corp grew its stake in shares of inTEST by 5.2% during the fourth quarter. Northern Trust Corp now owns 25,864 shares of the semiconductor company’s stock worth $329,000 after purchasing an additional 1,271 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of inTEST during the second quarter worth $691,000. Institutional investors and hedge funds own 48.47% of the company’s stock.

About inTEST (Get Rating)

inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS).

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