Wall Street brokerages forecast that I.D. Systems (NASDAQ:IDSY) will announce $11.47 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for I.D. Systems’ earnings. The lowest sales estimate is $11.44 million and the highest is $11.50 million. I.D. Systems reported sales of $8.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 43.4%. The company is expected to issue its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that I.D. Systems will report full-year sales of $11.47 million for the current fiscal year, with estimates ranging from $52.48 million to $58.11 million. For the next fiscal year, analysts expect that the business will post sales of $63.54 million per share. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for I.D. Systems.
I.D. Systems (NASDAQ:IDSY) last issued its quarterly earnings data on Thursday, March 1st. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The business had revenue of $11.17 million for the quarter, compared to analyst estimates of $11.42 million. I.D. Systems had a negative return on equity of 16.76% and a negative net margin of 9.45%.
Several brokerages have recently issued reports on IDSY. Ladenburg Thalmann began coverage on I.D. Systems in a research report on Wednesday, March 28th. They set a “buy” rating and a $10.00 price objective for the company. Zacks Investment Research downgraded I.D. Systems from a “hold” rating to a “sell” rating in a research report on Thursday, March 22nd. Roth Capital upgraded I.D. Systems from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Friday, March 9th. Lake Street Capital restated a “buy” rating and issued a $9.50 target price (up from $8.50) on shares of I.D. Systems in a research report on Friday, March 2nd. Finally, TheStreet upgraded I.D. Systems from a “d” rating to a “c-” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.05.
In other news, major shareholder Emancipation Management Llc sold 25,000 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $6.90, for a total transaction of $172,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.17% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN acquired a new stake in shares of I.D. Systems during the 4th quarter valued at $110,000. Northern Trust Corp lifted its position in shares of I.D. Systems by 2.6% during the 2nd quarter. Northern Trust Corp now owns 30,613 shares of the communications equipment provider’s stock valued at $188,000 after acquiring an additional 784 shares during the last quarter. Fairpointe Capital LLC acquired a new stake in I.D. Systems during the 4th quarter valued at $512,000. Vanguard Group Inc. raised its stake in I.D. Systems by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 369,627 shares of the communications equipment provider’s stock valued at $2,266,000 after purchasing an additional 7,200 shares during the period. Finally, Archon Capital Management LLC raised its stake in I.D. Systems by 184.8% during the 4th quarter. Archon Capital Management LLC now owns 525,677 shares of the communications equipment provider’s stock valued at $3,648,000 after purchasing an additional 341,128 shares during the period. Institutional investors own 42.37% of the company’s stock.
Shares of NASDAQ IDSY opened at $6.52 on Friday. I.D. Systems has a 12-month low of $5.50 and a 12-month high of $8.05.
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About I.D. Systems
I.D. Systems, Inc develops, markets, and sells wireless machine-to-machine solutions in the United States and internationally. The company offers integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, track, monitor, and analyze industrial vehicles, rental vehicles, and transportation assets.
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