Identiv Inc (INVE) Expected to Announce Earnings of -$0.14 Per Share
Equities research analysts expect that Identiv Inc (NASDAQ:INVE) will post ($0.14) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Identiv’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.12). Identiv reported earnings per share of ($0.26) in the same quarter last year, which would suggest a positive year over year growth rate of 46.2%. The company is scheduled to announce its next earnings report on Thursday, August 10th.
On average, analysts expect that Identiv will report full-year earnings of ($0.22) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.16). For the next financial year, analysts expect that the business will post earnings of ($0.16) per share, with EPS estimates ranging from ($0.21) to ($0.10). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Identiv.
Identiv (NASDAQ:INVE) last issued its earnings results on Wednesday, May 10th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. Identiv had a negative return on equity of 252.68% and a negative net margin of 58.03%. The firm had revenue of $13.39 million for the quarter, compared to the consensus estimate of $13.16 million. During the same quarter in the prior year, the business earned ($0.83) earnings per share.
A number of equities research analysts have weighed in on the company. Imperial Capital lifted their price objective on Identiv from $3.00 to $7.00 and gave the company an “in-line” rating in a report on Tuesday, April 4th. Zacks Investment Research raised Identiv from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a report on Monday, March 13th.
Shares of Identiv (NASDAQ:INVE) traded down 3.7436% during mid-day trading on Wednesday, hitting $4.8802. The stock had a trading volume of 7,525 shares. The firm’s market cap is $54.21 million. The firm has a 50 day moving average price of $6.22 and a 200 day moving average price of $4.56. Identiv has a 52-week low of $1.61 and a 52-week high of $7.81.
Several large investors have recently bought and sold shares of the stock. Royce & Associates LP increased its stake in Identiv by 24.7% in the fourth quarter. Royce & Associates LP now owns 596,589 shares of the technology company’s stock worth $1,897,000 after buying an additional 118,190 shares during the last quarter. Renaissance Technologies LLC increased its stake in Identiv by 32.0% in the fourth quarter. Renaissance Technologies LLC now owns 234,940 shares of the technology company’s stock worth $747,000 after buying an additional 56,980 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in Identiv by 163.1% in the first quarter. Essex Investment Management Co. LLC now owns 145,935 shares of the technology company’s stock worth $1,030,000 after buying an additional 90,462 shares during the last quarter. EAM Investors LLC bought a new stake in Identiv during the first quarter worth about $688,000. Finally, Vanguard Group Inc. increased its stake in Identiv by 3.3% in the first quarter. Vanguard Group Inc. now owns 257,392 shares of the technology company’s stock worth $1,817,000 after buying an additional 8,170 shares during the last quarter. Institutional investors own 13.44% of the company’s stock.
Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Identiv Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Identiv Inc and related companies with MarketBeat.com's FREE daily email newsletter.