Equities Analysts Set Expectations for IntriCon Co.’s FY2017 Earnings (IIN)

IntriCon Co. (NASDAQ:IIN) – Dougherty & Co dropped their FY2017 earnings per share (EPS) estimates for IntriCon in a note issued to investors on Tuesday. Dougherty & Co analyst R. Ryan now forecasts that the technology company will post earnings of $0.24 per share for the year, down from their prior forecast of $0.26. Dougherty & Co also issued estimates for IntriCon’s FY2018 earnings at $0.60 EPS.

A number of other brokerages also recently commented on IIN. TheStreet raised shares of IntriCon from a “c” rating to a “b-” rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded shares of IntriCon from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Longbow Research reissued a “neutral” rating on shares of IntriCon in a research note on Friday, August 25th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.25.

IntriCon (IIN) opened at $20.10 on Wednesday. IntriCon has a one year low of $6.05 and a one year high of $20.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.54 and a current ratio of 1.45. The firm has a market cap of $131.54, a P/E ratio of 212.78, a price-to-earnings-growth ratio of 3.68 and a beta of 0.34.

In other IntriCon news, VP Michael Geraci sold 2,737 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $17.60, for a total transaction of $48,171.20. Following the completion of the transaction, the vice president now directly owns 22,011 shares of the company’s stock, valued at approximately $387,393.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of IIN. Heartland Advisors Inc. boosted its holdings in shares of IntriCon by 0.6% in the 2nd quarter. Heartland Advisors Inc. now owns 809,499 shares of the technology company’s stock valued at $6,618,000 after buying an additional 4,622 shares during the period. Northern Trust Corp lifted its position in IntriCon by 10.2% in the 2nd quarter. Northern Trust Corp now owns 21,040 shares of the technology company’s stock valued at $172,000 after purchasing an additional 1,942 shares during the last quarter. Vanguard Group Inc. lifted its position in IntriCon by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,813 shares of the technology company’s stock valued at $174,000 after purchasing an additional 1,200 shares during the last quarter. Pacific Alternative Asset Management Company LLC lifted its position in IntriCon by 73.4% in the 2nd quarter. Pacific Alternative Asset Management Company LLC now owns 292,853 shares of the technology company’s stock valued at $2,394,000 after purchasing an additional 123,942 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in IntriCon in the 3rd quarter valued at about $267,000. 33.89% of the stock is owned by institutional investors and hedge funds.

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About IntriCon

IntriCon Corporation is engaged in designing, developing, engineering, manufacturing and distributing body-worn devices. The Company operates through body-worn device segment. The Company serves the body-worn device market by designing, developing, engineering and manufacturing micro-miniature products, microelectronics, micro-mechanical assemblies, complete assemblies and software solutions, primarily for the value hearing health market, the medical bio-telemetry market and the professional audio communication market.

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