Q2 2023 EPS Estimates for Intellinetics, Inc. (OTCMKTS:INLX) Cut by Analyst

Intellinetics, Inc. (OTCMKTS:INLXGet Rating) – Stock analysts at Taglich Brothers cut their Q2 2023 earnings per share estimates for shares of Intellinetics in a research report issued to clients and investors on Monday, November 21st. Taglich Brothers analyst H. Halpern now expects that the company will post earnings of $0.02 per share for the quarter, down from their previous estimate of $0.04. The consensus estimate for Intellinetics’ current full-year earnings is ($0.14) per share. Taglich Brothers also issued estimates for Intellinetics’ Q3 2023 earnings at $0.06 EPS.

Intellinetics Trading Down 2.5 %

INLX stock opened at $3.97 on Wednesday. The company has a market cap of $16.16 million, a P/E ratio of 21.42 and a beta of 0.40. Intellinetics has a twelve month low of $3.25 and a twelve month high of $11.94. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $3.90 and a 200-day moving average of $4.31.

Intellinetics (OTCMKTS:INLXGet Rating) last issued its quarterly earnings data on Monday, November 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. Intellinetics had a positive return on equity of 3.49% and a negative net margin of 1.18%. The firm had revenue of $3.86 million during the quarter, compared to the consensus estimate of $3.60 million.

Institutional Investors Weigh In On Intellinetics

An institutional investor recently bought a new position in Intellinetics stock. Virtu Financial LLC acquired a new position in shares of Intellinetics, Inc. (OTCMKTS:INLXGet Rating) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,161 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned approximately 0.25% of Intellinetics as of its most recent filing with the Securities & Exchange Commission.

Intellinetics Company Profile

(Get Rating)

Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audios, videos, and emails.

Read More

Earnings History and Estimates for Intellinetics (OTCMKTS:INLX)

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