Q2 2023 EPS Estimates for Intellinetics, Inc. Raised by Analyst (OTCMKTS:INLX)

Intellinetics, Inc. (OTCMKTS:INLX – Get Rating) – Equities researchers at Taglich Brothers lifted their Q2 2023 earnings per share (EPS) estimates for Intellinetics in a note issued to investors on Tuesday, May 23rd. Taglich Brothers analyst H. Halpern now forecasts that the company will earn $0.03 per share for the quarter, up from their prior estimate of $0.02. Taglich Brothers has a “Speculative Buy” rating on the stock. The consensus estimate for Intellinetics’ current full-year earnings is $0.13 per share. Taglich Brothers also issued estimates for Intellinetics’ Q4 2023 earnings at $0.03 EPS, Q2 2024 earnings at $0.09 EPS, Q3 2024 earnings at $0.09 EPS and Q4 2024 earnings at $0.06 EPS.

Intellinetics (OTCMKTS:INLX – Get Rating) last announced its quarterly earnings data on Monday, March 27th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The business had revenue of $4.04 million for the quarter, compared to analysts’ expectations of $3.75 million. Intellinetics had a return on equity of 5.92% and a net margin of 1.02%.

Intellinetics Stock Down 0.2 %

Shares of OTCMKTS INLX opened at $3.80 on Thursday. The stock has a market cap of $15.47 million, a P/E ratio of 126.70 and a beta of 0.36. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. Intellinetics has a 12-month low of $3.25 and a 12-month high of $11.94. The business’s fifty day simple moving average is $4.06 and its 200-day simple moving average is $4.21.

Hedge Funds Weigh In On Intellinetics

An institutional investor recently bought a new position in Intellinetics stock. Susquehanna International Group LLP bought a new position in shares of Intellinetics, Inc. (OTCMKTS:INLX – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,691 shares of the company’s stock, valued at approximately $71,000. Susquehanna International Group LLP owned approximately 0.43% of Intellinetics as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.99% of the company’s stock.

Intellinetics Company Profile

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Intellinetics, Inc is a holding company, which engages in the provision of document services and software solutions to private and public sectors. It operates through the Document Management and Document Conversion segments. The Document Management segment allows customers to capture and manage all documents across operations.