FY2024 EPS Estimates for inTEST Raised by Northland Capmk

inTEST Co. (NYSE:INTT) – Research analysts at Northland Capmk raised their FY2024 earnings per share estimates for inTEST in a research report issued on Monday, November 4th. Northland Capmk analyst E. Jackson now anticipates that the company will post earnings of $0.41 per share for the year, up from their previous 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.

Separately, Northland Securities lifted their price objective 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

inTEST stock opened at $7.94 on Wednesday. The stock’s 50 day moving average is $7.05 and its 200 day moving average is $8.75. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.24 and a quick ratio of 1.46. The firm has a market cap of $99.41 million, a P/E ratio of 34.52 and a beta of 1.92. inTEST has a one year low of $6.28 and a one year high of $14.35.

inTEST (NYSE:INTT) last released its quarterly 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 company had revenue of $30.27 million for the quarter, compared to analysts’ expectations of $32.97 million. inTEST had a return on equity of 5.33% and a net margin of 2.33%.

Hedge Funds Weigh In On inTEST

A number of institutional investors have recently modified their holdings of INTT. Los Angeles Capital Management LLC acquired a new position in shares of inTEST during the second quarter worth approximately $1,218,000. Royce & Associates LP raised its position in shares of inTEST by 9.9% during the third quarter. Royce & Associates LP now owns 1,219,157 shares of the company’s stock worth $8,900,000 after purchasing an additional 110,078 shares during the period. CM Management LLC raised its position in shares of inTEST by 87.5% during the first 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 period. Pacific Ridge Capital Partners LLC raised its position in shares of 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 period. Finally, First Eagle Investment Management LLC raised its position 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 purchasing an additional 86,100 shares during the period. 63.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at inTEST

In other inTEST news, CEO Richard N. Jr. Grant sold 6,788 shares of the business’s stock in a transaction that occurred 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 directly owns 164,929 shares of the company’s stock, valued at approximately $1,149,555.13. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.50% of the company’s stock.

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.