Analysts predict that I.D. Systems, Inc. (NASDAQ:IDSY) will announce sales of $12.14 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for I.D. Systems’ earnings. The lowest sales estimate is $11.68 million and the highest is $12.60 million. I.D. Systems posted sales of $13.38 million in the same quarter last year, which suggests a negative year over year growth rate of 9.3%. The company is scheduled to report its next earnings report on Wednesday, May 1st.
On average, analysts expect that I.D. Systems will report full year sales of $59.56 million for the current financial year. For the next fiscal year, analysts forecast that the business will post sales of $67.06 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for I.D. Systems.
I.D. Systems (NASDAQ:IDSY) last issued its quarterly earnings results on Wednesday, March 6th. The communications equipment provider reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.03). I.D. Systems had a negative net margin of 10.95% and a negative return on equity of 12.49%. The business had revenue of $11.49 million during the quarter, compared to analysts’ expectations of $11.60 million.
Several brokerages have commented on IDSY. Zacks Investment Research cut shares of I.D. Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 13th. ValuEngine cut shares of I.D. Systems from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $9.53.
In other I.D. Systems news, CEO Chris Adam Wolfe acquired 10,600 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $6.01 per share, for a total transaction of $63,706.00. Following the completion of the purchase, the chief executive officer now owns 187,474 shares in the company, valued at approximately $1,126,718.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Cannell Capital Llc acquired 9,138 shares of the company’s stock in a transaction on Friday, January 25th. The stock was acquired at an average price of $5.99 per share, for a total transaction of $54,736.62. The disclosure for this purchase can be found here. Insiders have purchased a total of 388,173 shares of company stock worth $2,332,598 over the last quarter. 8.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp increased its stake in I.D. Systems by 28.9% in the fourth quarter. Northern Trust Corp now owns 42,468 shares of the communications equipment provider’s stock valued at $238,000 after purchasing an additional 9,520 shares during the period. California Public Employees Retirement System lifted its holdings in shares of I.D. Systems by 257.8% in the fourth quarter. California Public Employees Retirement System now owns 138,786 shares of the communications equipment provider’s stock valued at $776,000 after purchasing an additional 100,000 shares in the last quarter. 22NW LP lifted its holdings in shares of I.D. Systems by 379.5% in the fourth quarter. 22NW LP now owns 362,524 shares of the communications equipment provider’s stock valued at $2,027,000 after purchasing an additional 286,924 shares in the last quarter. B. Riley Financial Inc. purchased a new stake in shares of I.D. Systems in the fourth quarter valued at about $3,004,000. Finally, Cannell Capital LLC lifted its holdings in shares of I.D. Systems by 9.2% in the fourth quarter. Cannell Capital LLC now owns 2,284,663 shares of the communications equipment provider’s stock valued at $12,771,000 after purchasing an additional 192,173 shares in the last quarter. Institutional investors own 54.33% of the company’s stock.
IDSY stock traded down $0.03 during midday trading on Tuesday, hitting $5.70. The company’s stock had a trading volume of 181,097 shares, compared to its average volume of 58,855. I.D. Systems has a 52-week low of $5.01 and a 52-week high of $7.24. The stock has a market capitalization of $103.82 million, a PE ratio of -25.91, a P/E/G ratio of 9.50 and a beta of 0.85.
About I.D. Systems
I.D. Systems, Inc develops, markets, and sells wireless machine-to-machine solutions primarily in North America. The company provides integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, monitor, track, and analyze industrial and rental vehicles, as well as transportation assets.
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