Inteliquent (IQNT) Releases Quarterly Earnings, Beats Expectations By $0.05 EPS

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Inteliquent (NASDAQ:IQNT) released its earnings data on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05, Analyst Ratings Net reports. The company had revenue of $56.20 million for the quarter, compared to the consensus estimate of $50.63 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 5.2% on a year-over-year basis.

On the ratings front, analysts at Zacks upgraded shares of Inteliquent from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $15.20 price target on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Inteliquent has a consensus rating of “Buy” and an average price target of $9.15.

Inteliquent (NASDAQ:IQNT) traded up 14.00% on Thursday, hitting $15.55. The stock had a trading volume of 676,104 shares. Inteliquent has a one year low of $4.35 and a one year high of $15.31. The stock’s 50-day moving average is $14.07 and its 200-day moving average is $12.30. The company has a market cap of $501.7 million and a P/E ratio of 8.00.

Inteliquent Inc, formerly Neutral Tandem, Inc, doing business as Inteliquent provides solutions for voice, data, and hosted services globally.

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