IDI, Inc. (COGT) Expected to Post Quarterly Sales of $67.13 Million
Brokerages expect IDI, Inc. (NASDAQ:COGT) to announce sales of $67.13 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for IDI’s earnings, with the highest sales estimate coming in at $71.40 million and the lowest estimate coming in at $62.85 million. IDI posted sales of $54.19 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.9%. The company is scheduled to report its next earnings results on Thursday, March 8th.
According to Zacks, analysts expect that IDI will report full year sales of $67.13 million for the current fiscal year, with estimates ranging from $223.80 million to $232.44 million. For the next financial year, analysts forecast that the business will post sales of $282.88 million per share, with estimates ranging from $277.30 million to $292.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for IDI.
IDI (NASDAQ:COGT) last released its earnings results on Wednesday, November 8th. The technology company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.09). The company had revenue of $57.25 million during the quarter, compared to analyst estimates of $62.24 million. IDI had a negative return on equity of 17.78% and a negative net margin of 24.45%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.19) earnings per share.
Shares of IDI (NASDAQ COGT) opened at $4.00 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.29. IDI has a 12 month low of $3.15 and a 12 month high of $6.30.
In other IDI news, Chairman Michael Brauser acquired 7,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average cost of $4.23 per share, for a total transaction of $29,610.00. Following the purchase, the chairman now owns 329,235 shares in the company, valued at approximately $1,392,664.05. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Phillip Md Et Al Frost acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of $4.11 per share, with a total value of $82,200.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 42,700 shares of company stock valued at $175,953. Company insiders own 53.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in COGT. Bank of New York Mellon Corp increased its holdings in shares of IDI by 31.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,206 shares of the technology company’s stock valued at $500,000 after purchasing an additional 23,769 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of IDI during the 1st quarter valued at approximately $179,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of IDI by 328.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 103,200 shares of the technology company’s stock valued at $480,000 after purchasing an additional 79,100 shares in the last quarter. Institutional investors and hedge funds own 8.86% of the company’s stock.
TRADEMARK VIOLATION WARNING: “IDI, Inc. (COGT) Expected to Post Quarterly Sales of $67.13 Million” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/12/06/idi-inc-cogt-expected-to-post-quarterly-sales-of-67-13-million.html.
IDI, Inc, formerly Tiger Media, Inc, is a data and analytics company providing information and marketing solutions to businesses in a range of industries. The Company operates through two segments: Information Services and Performance Marketing. The Company serves the risk management and the consumer marketing industries through its consolidated subsidiaries, Interactive Data, LLC and Fluent, LLC, respectively.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for IDI Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDI Inc. and related companies with MarketBeat.com's FREE daily email newsletter.