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

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

inTEST Price Performance

Shares of INTT traded down $0.35 during midday trading on Monday, hitting $7.41. 187,751 shares of the company traded hands, compared to its average volume of 115,676. The stock has a market cap of $92.55 million, a price-to-earnings ratio of 11.75 and a beta of 1.96. The firm has a 50 day moving average of $10.16 and a 200-day moving average of $11.06. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 2.15. inTEST has a 52 week low of $7.12 and a 52 week high of $18.88.

Analyst Ratings Changes

INTT has been the subject of a number of recent research reports. Lake Street Capital cut their price objective on inTEST from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Northland Securities lowered inTEST from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $15.00 to $10.00 in a research note 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.