Northland Capmk Equities Analysts Reduce Earnings Estimates for inTEST Co. (NYSE:INTT)

inTEST Co. (NYSE:INTT) – Northland Capmk lowered their Q3 2024 EPS estimates for inTEST in a research report issued on Monday, August 5th. Northland Capmk analyst E. Jackson now anticipates that the company will earn $0.07 per share for the quarter, down from their previous forecast of $0.22. Northland Capmk currently has a “Hold” rating on the stock. The consensus estimate for inTEST’s current full-year earnings is $0.76 per share. Northland Capmk also issued estimates for inTEST’s Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $0.35 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.35 EPS, FY2026 earnings at $0.58 EPS, FY2027 earnings at $0.78 EPS and FY2028 earnings at $0.96 EPS.

inTEST (NYSE:INTT) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.07). inTEST had a return on equity of 10.16% and a net margin of 6.41%. The business had revenue of $33.99 million during the quarter, compared to analyst estimates of $34.80 million.

Several other equities analysts also recently weighed in on the stock. Northland Securities downgraded shares of inTEST from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $15.00 to $10.00 in a report on Monday. Lake Street Capital cut their price target on shares of inTEST from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, inTEST presently has a consensus rating of “Hold” and an average price target of $13.00.

inTEST Price Performance

Shares of NYSE:INTT opened at $6.89 on Wednesday. inTEST has a twelve month low of $6.72 and a twelve month high of $17.99. The company’s 50 day moving average is $9.93 and its 200 day moving average is $10.93. The company has a current ratio of 2.15, a quick ratio of 1.36 and a debt-to-equity ratio of 0.11. The company has a market cap of $86.06 million, a PE ratio of 10.60 and a beta of 1.96.

Institutional Investors Weigh In On inTEST

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its position in inTEST by 76.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,640 shares of the company’s stock worth $50,000 after purchasing an additional 1,574 shares in the last quarter. Ground Swell Capital LLC purchased a new position in shares of inTEST during the 2nd quarter valued at approximately $112,000. American Century Companies Inc. purchased a new position in shares of inTEST during the 2nd quarter valued at approximately $145,000. Allspring Global Investments Holdings LLC raised its stake in inTEST by 21.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock valued at $188,000 after purchasing an additional 2,476 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in inTEST by 24.9% in the 4th quarter. D.A. Davidson & CO. now owns 13,800 shares of the company’s stock valued at $188,000 after purchasing an additional 2,750 shares during the last quarter. Hedge funds and other institutional investors 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.