Research Analysts Issue Forecasts for inTEST FY2024 Earnings

inTEST Co. (NYSE:INTT) – Research analysts at Northland Capmk raised their FY2024 earnings per share (EPS) estimates for shares of inTEST in a note issued to investors on Monday, November 4th. Northland Capmk analyst E. Jackson now anticipates 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 boosted their price objective on inTEST from $10.00 to $13.00 and gave the company a “market perform” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.50.

inTEST Stock Up 1.8 %

inTEST stock opened at $7.31 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.46 and a current ratio of 2.24. The firm has a 50 day moving average price of $7.01 and a 200 day moving average price of $8.76. inTEST has a fifty-two week low of $6.28 and a fifty-two week high of $14.35. The company has a market capitalization of $91.52 million, a PE ratio of 31.78 and a beta of 1.92.

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

Institutional Investors Weigh In On inTEST

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in inTEST by 1.7% in the first quarter. Vanguard Group Inc. now owns 816,735 shares of the company’s stock valued at $10,822,000 after buying an additional 13,722 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of inTEST by 18.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 564,364 shares of the company’s stock valued at $5,576,000 after acquiring an additional 86,100 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in inTEST by 23.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 460,914 shares of the company’s stock worth $4,554,000 after purchasing an additional 86,632 shares during the last quarter. CM Management LLC boosted its holdings in inTEST by 37.3% in the second quarter. CM Management LLC now owns 309,000 shares of the company’s stock valued at $3,053,000 after purchasing an additional 84,000 shares in the last quarter. Finally, Juniper Investment Company LLC increased its stake in inTEST by 72.9% in the first quarter. Juniper Investment Company LLC now owns 201,966 shares of the company’s stock valued at $2,676,000 after purchasing an additional 85,129 shares during the last quarter. 63.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at inTEST

In other inTEST news, CEO Richard N. Jr. Grant sold 6,788 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $6.97, for a total transaction of $47,312.36. Following the sale, the chief executive officer now owns 164,929 shares in the company, valued at $1,149,555.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.50% of the stock is currently owned by company insiders.

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.