FY2024 EPS Estimates for inTEST Raised by Northland Capmk

inTEST Co. (NYSE:INTT) – Investment analysts at Northland Capmk upped their FY2024 earnings estimates for inTEST in a research note issued to investors on Monday, November 4th. Northland Capmk analyst E. Jackson now forecasts that the company will earn $0.41 per share for the year, up from their previous forecast of $0.35. Northland Capmk has a “Hold” rating on the stock. The consensus estimate for inTEST’s current full-year earnings is $0.35 per share. Northland Capmk also issued estimates for inTEST’s Q4 2024 earnings at $0.14 EPS, Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $0.40 EPS, FY2026 earnings at $0.65 EPS, FY2027 earnings at $0.85 EPS and FY2028 earnings at $1.01 EPS.

Separately, Northland Securities lifted their price objective on shares of inTEST from $10.00 to $13.00 and gave the company a “market perform” rating in a research note on Monday.

inTEST Stock Up 7.5 %

INTT stock opened at $7.85 on Wednesday. The company has a market cap of $98.28 million, a price-to-earnings ratio of 34.13 and a beta of 1.92. The company has a fifty day moving average price of $7.03 and a 200 day moving average price of $8.75. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.24 and a quick ratio of 1.46. inTEST has a 12 month low of $6.28 and a 12 month high of $14.35.

inTEST (NYSE:INTT) last released its quarterly earnings results on Friday, November 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $30.27 million for the quarter, compared to the consensus estimate of $32.97 million. inTEST had a return on equity of 5.33% and a net margin of 2.33%.

Insider Activity

In other inTEST news, CEO Richard N. Jr. Grant sold 6,788 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $6.97, for a total value of $47,312.36. Following the transaction, the chief executive officer now directly owns 164,929 shares of the company’s stock, valued at approximately $1,149,555.13. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On inTEST

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ground Swell Capital LLC purchased a new stake in shares of inTEST in the second quarter valued at approximately $112,000. Redwood Wealth Management Group LLC purchased a new stake in shares of inTEST during the 2nd quarter worth $132,000. Allspring Global Investments Holdings LLC grew its stake in shares of inTEST by 21.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock worth $188,000 after purchasing an additional 2,476 shares during the period. American Century Companies Inc. purchased a new position in shares of inTEST in the 2nd quarter valued at about $145,000. Finally, Federated Hermes Inc. acquired a new stake in shares of inTEST in the second quarter valued at about $436,000. Institutional investors and hedge funds own 63.18% of the company’s stock.

inTEST Company Profile

inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.