FY2024 EPS Estimates for inTEST Increased by Northland Capmk

inTEST Co. (NYSE:INTT) – Stock analysts at Northland Capmk raised their FY2024 earnings estimates for shares of inTEST in a research note issued on Monday, November 4th. Northland Capmk analyst E. Jackson now expects that the company will earn $0.41 per share for the year, up from their prior estimate 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 raised their price target on inTEST from $10.00 to $13.00 and gave the stock a “market perform” rating in a research note on Monday.

inTEST Price Performance

Shares of NYSE:INTT opened at $7.85 on Wednesday. The company has a market cap of $98.28 million, a P/E ratio of 34.13 and a beta of 1.92. The business has a fifty day simple moving average of $7.03 and a 200-day simple moving average of $8.75. inTEST has a 52 week low of $6.28 and a 52 week high of $14.35. 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 (NYSE:INTT) last announced its earnings results on Friday, November 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Trading of inTEST

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ground Swell Capital LLC purchased a new stake in inTEST during the 2nd quarter worth $112,000. Redwood Wealth Management Group LLC purchased a new stake in shares of inTEST in the second quarter worth about $132,000. American Century Companies Inc. purchased a new stake in shares of inTEST in the second quarter worth about $145,000. Allspring Global Investments Holdings LLC grew its stake in shares of inTEST by 21.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock valued at $188,000 after buying an additional 2,476 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of inTEST during the 2nd quarter valued at about $436,000. Institutional investors and hedge funds own 63.18% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Richard N. Jr. Grant sold 6,788 shares of inTEST stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $6.97, for a total value of $47,312.36. Following the transaction, the chief executive officer now owns 164,929 shares in the company, valued at approximately $1,149,555.13. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is currently owned by insiders.

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.