Q1 2024 EPS Estimates for Intellinetics, Inc. (NYSEAMERICAN:INLX) Lowered by Analyst

Intellinetics, Inc. (NYSEAMERICAN:INLXFree Report) – Equities researchers at Taglich Brothers lowered their Q1 2024 earnings per share (EPS) estimates for Intellinetics in a research report issued on Tuesday, April 2nd. Taglich Brothers analyst H. Halpern now anticipates that the company will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.06. The consensus estimate for Intellinetics’ current full-year earnings is $0.30 per share. Taglich Brothers also issued estimates for Intellinetics’ Q2 2024 earnings at $0.06 EPS, Q3 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.07 EPS and FY2025 earnings at $0.28 EPS.

Intellinetics (NYSEAMERICAN:INLXGet Free Report) last issued its quarterly earnings data on Thursday, March 28th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $4.19 million for the quarter, compared to analyst estimates of $4.10 million. Intellinetics had a return on equity of 5.73% and a net margin of 3.08%.

Intellinetics Stock Performance

Shares of NYSEAMERICAN:INLX opened at $6.09 on Thursday. The firm has a market capitalization of $25.03 million, a PE ratio of 51.85 and a beta of 0.32. Intellinetics has a 52-week low of $2.92 and a 52-week high of $10.99. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31.

Institutional Trading of Intellinetics

A hedge fund recently bought a new stake in Intellinetics stock. Vanguard Group Inc. acquired a new position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLXFree Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,325 shares of the company’s stock, valued at approximately $52,000. Vanguard Group Inc. owned 0.25% of Intellinetics at the end of the most recent reporting period. 0.75% of the stock is owned by hedge funds and other institutional investors.

About Intellinetics

(Get Free Report)

Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audios, videos, and emails.

See Also

Earnings History and Estimates for Intellinetics (NYSEAMERICAN:INLX)

Receive News & Ratings for Intellinetics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intellinetics and related companies with MarketBeat.com's FREE daily email newsletter.