Equities Analysts Issue Forecasts for inTEST FY2029 Earnings

inTEST Co. (NYSE:INTT) – Analysts at Northland Capmk issued their FY2029 earnings estimates for shares of inTEST in a report issued on Monday, May 5th. Northland Capmk analyst E. Jackson expects that the company will post earnings per share of $0.36 for the year. Northland Capmk currently has a “Hold” rating on the stock. The consensus estimate for inTEST’s current full-year earnings is $0.41 per share.

INTT has been the topic of several other research reports. Northland Securities lifted their target price on inTEST from $13.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Lake Street Capital lowered their price objective on shares of inTEST from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday.

inTEST Stock Performance

Shares of INTT stock opened at $6.39 on Wednesday. The stock’s fifty day simple moving average is $6.74 and its 200-day simple moving average is $7.65. The company has a market capitalization of $79.84 million, a price-to-earnings ratio of 27.78 and a beta of 1.63. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. inTEST has a 1-year low of $5.24 and a 1-year high of $11.92.

inTEST (NYSE:INTT) last issued its earnings results on Friday, May 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). inTEST had a return on equity of 5.31% and a net margin of 2.33%. During the same period last year, the firm earned $0.10 earnings per share.

Insider Buying and Selling at inTEST

In other inTEST news, Director Gerald J. Maginnis bought 7,557 shares of inTEST stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $5.78 per share, for a total transaction of $43,679.46. Following the completion of the purchase, the director now directly owns 78,057 shares of the company’s stock, valued at $451,169.46. The trade was a 10.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of INTT. Royce & Associates LP raised its holdings in inTEST by 2.4% during the first quarter. Royce & Associates LP now owns 1,467,649 shares of the company’s stock valued at $10,259,000 after buying an additional 34,550 shares in the last quarter. Byrne Asset Management LLC bought a new position in shares of inTEST in the 1st quarter valued at approximately $27,000. Farther Finance Advisors LLC acquired a new stake in inTEST in the 1st quarter worth approximately $41,000. Ameriprise Financial Inc. boosted its position in inTEST by 43.2% during the fourth quarter. Ameriprise Financial Inc. now owns 493,524 shares of the company’s stock worth $4,239,000 after purchasing an additional 148,784 shares during the period. Finally, Jane Street Group LLC raised its position in shares of inTEST by 9.0% in the fourth quarter. Jane Street Group LLC now owns 31,644 shares of the company’s stock valued at $272,000 after purchasing an additional 2,602 shares during the period. Institutional investors and hedge funds own 63.18% of the company’s stock.

About inTEST

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.