Northland Capmk Has Positive View of inTEST FY2024 Earnings

inTEST Co. (NYSE:INTT - Free Report) - Northland Capmk boosted their FY2024 earnings per share (EPS) estimates for inTEST in a research note issued on Monday, November 4th. Northland Capmk analyst E. Jackson now forecasts that the company will post earnings of $0.41 per share for the year, up from their prior estimate of $0.35. Northland Capmk currently 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.

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

Separately, Northland Securities raised their target price on shares of inTEST from $10.00 to $13.00 and gave the stock a "market perform" rating in a research report on Monday. Three 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 currently has a consensus rating of "Hold" and an average target price of $14.50.

inTEST Stock Performance

INTT traded up $0.55 on Wednesday, reaching $7.85. The company had a trading volume of 49,353 shares, compared to its average volume of 37,115. The company has a quick ratio of 1.46, a current ratio of 2.24 and a debt-to-equity ratio of 0.09. inTEST has a 1 year low of $6.28 and a 1 year high of $14.35. The stock has a market capitalization of $98.28 million, a PE ratio of 34.13 and a beta of 1.92. The stock has a 50-day moving average price of $7.03 and a 200-day moving average price of $8.75.

Insiders Place Their Bets

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 shares were sold at an average price of $6.97, for a total transaction of $47,312.36. Following the transaction, the chief executive officer now directly owns 164,929 shares in the company, valued at approximately $1,149,555.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.50% of the company's stock.

Institutional Trading of inTEST

Several institutional investors and hedge funds have recently modified their holdings of INTT. Los Angeles Capital Management LLC purchased a new stake in shares of inTEST in the second quarter valued at $1,218,000. Royce & Associates LP lifted its holdings in inTEST by 9.9% in the 3rd quarter. Royce & Associates LP now owns 1,219,157 shares of the company's stock valued at $8,900,000 after purchasing an additional 110,078 shares in the last quarter. CM Management LLC boosted its stake in shares of inTEST by 87.5% during the 1st quarter. CM Management LLC now owns 225,000 shares of the company's stock worth $2,981,000 after purchasing an additional 105,000 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of inTEST by 23.1% during the 2nd 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. Finally, First Eagle Investment Management LLC grew its holdings in shares of inTEST by 18.0% during the second quarter. First Eagle Investment Management LLC now owns 564,364 shares of the company's stock worth $5,576,000 after buying an additional 86,100 shares in 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.