I.D. Systems, Inc. (IDSY) Expected to Announce Earnings of -$0.08 Per Share
Equities research analysts forecast that I.D. Systems, Inc. (NASDAQ:IDSY) will report earnings per share (EPS) of ($0.08) for the current quarter, according to Zacks. Two analysts have provided estimates for I.D. Systems’ earnings. I.D. Systems posted earnings of ($0.16) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 8th.
On average, analysts expect that I.D. Systems will report full year earnings of ($0.23) per share for the current year. For the next year, analysts expect that the business will report earnings of $0.10 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover I.D. Systems.
A number of equities research analysts have issued reports on IDSY shares. B. Riley restated a “buy” rating and set a $7.75 price target on shares of I.D. Systems in a research note on Saturday, July 22nd. Zacks Investment Research upgraded I.D. Systems from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Roth Capital downgraded I.D. Systems from a “buy” rating to a “neutral” rating and boosted their price target for the company from $7.60 to $8.75 in a research note on Friday, May 5th. Finally, ValuEngine upgraded I.D. Systems from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $7.75.
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In other news, major shareholder Lloyd I. Miller III purchased 260,000 shares of the business’s stock in a transaction on Wednesday, July 12th. The stock was acquired at an average cost of $5.75 per share, for a total transaction of $1,495,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 12.17% of the company’s stock.
Several large investors have recently added to or reduced their stakes in IDSY. Emancipation Management LLC increased its stake in I.D. Systems by 6.3% in the first quarter. Emancipation Management LLC now owns 1,893,848 shares of the communications equipment provider’s stock worth $11,988,000 after buying an additional 111,556 shares in the last quarter. Vanguard Group Inc. increased its position in shares of I.D. Systems by 2.0% in the second quarter. Vanguard Group Inc. now owns 369,627 shares of the communications equipment provider’s stock worth $2,266,000 after buying an additional 7,200 shares during the period. Renaissance Technologies LLC increased its position in shares of I.D. Systems by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 174,915 shares of the communications equipment provider’s stock worth $948,000 after buying an additional 3,100 shares during the period. Punch & Associates Investment Management Inc. bought a new position in shares of I.D. Systems during the second quarter worth about $837,000. Finally, American Capital Management Inc. increased its position in shares of I.D. Systems by 50.1% in the second quarter. American Capital Management Inc. now owns 103,300 shares of the communications equipment provider’s stock worth $633,000 after buying an additional 34,500 shares during the period. Institutional investors and hedge funds own 44.33% of the company’s stock.
I.D. Systems (NASDAQ IDSY) traded down 1.30% during midday trading on Tuesday, reaching $6.81. 22,761 shares of the company’s stock traded hands. The stock’s market cap is $91.59 million. I.D. Systems has a one year low of $4.63 and a one year high of $7.34. The stock’s 50 day moving average price is $6.63 and its 200-day moving average price is $6.37.
About I.D. Systems
I.D. Systems, Inc (I.D. Systems) develops, markets and sells wireless machine-to-machine solutions for managing and securing enterprise assets, which include industrial vehicles, such as forklifts and airport ground support equipment, rental vehicles, and transportation assets, such as dry van trailers, refrigerated trailers, railcars and containers.
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