inTEST (NYSE:INTT) Posts Earnings Results, Misses Expectations By $0.07 EPS

inTEST (NYSE:INTT) issued its earnings results on Friday. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07), Zacks reports. The business had revenue of $33.99 million during the quarter, compared to analyst estimates of $34.80 million. inTEST had a net margin of 6.41% and a return on equity of 10.16%. inTEST updated its FY 2024 guidance to EPS.

inTEST Trading Down 4.5 %

Shares of NYSE:INTT traded down $0.35 during midday trading on Monday, hitting $7.41. 187,761 shares of the stock were exchanged, compared to its average volume of 115,676. The business’s 50-day moving average price is $10.16 and its 200 day moving average price is $11.06. inTEST has a 12 month low of $7.12 and a 12 month high of $18.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 2.15. The stock has a market capitalization of $92.55 million, a price-to-earnings ratio of 11.75 and a beta of 1.96.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on INTT shares. Lake Street Capital reduced their price target on shares of inTEST from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Northland Securities lowered shares of inTEST from an “outperform” rating to a “market perform” rating and cut their target price for the company from $15.00 to $10.00 in a research report on Monday.

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.