$16.54 Million in Sales Expected for Identiv, Inc. (INVE) This Quarter
Equities research analysts forecast that Identiv, Inc. (NASDAQ:INVE) will report $16.54 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Identiv’s earnings, with estimates ranging from $15.91 million to $17.16 million. Identiv reported sales of $14.65 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.9%. The business is expected to announce its next earnings results on Wednesday, March 14th.
On average, analysts expect that Identiv will report full-year sales of $16.54 million for the current fiscal year, with estimates ranging from $59.57 million to $60.83 million. For the next year, analysts anticipate that the business will report sales of $65.29 million per share, with estimates ranging from $65.10 million to $65.47 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Identiv.
Identiv (NASDAQ:INVE) last issued its quarterly earnings results on Thursday, November 9th. The technology company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. Identiv had a negative net margin of 8.04% and a negative return on equity of 38.59%.
Several large investors have recently added to or reduced their stakes in INVE. Sterling Capital Management LLC purchased a new stake in Identiv in the second quarter worth $111,000. Northern Trust Corp lifted its stake in Identiv by 43.5% in the second quarter. Northern Trust Corp now owns 23,429 shares of the technology company’s stock worth $123,000 after acquiring an additional 7,104 shares during the period. Manatuck Hill Partners LLC lifted its stake in Identiv by 170.0% in the second quarter. Manatuck Hill Partners LLC now owns 135,000 shares of the technology company’s stock worth $709,000 after acquiring an additional 85,000 shares during the period. Essex Investment Management Co. LLC lifted its stake in Identiv by 64.3% in the third quarter. Essex Investment Management Co. LLC now owns 263,974 shares of the technology company’s stock worth $1,225,000 after acquiring an additional 103,294 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Identiv by 1.0% in the second quarter. Vanguard Group Inc. now owns 259,868 shares of the technology company’s stock worth $1,364,000 after acquiring an additional 2,476 shares during the period. 33.31% of the stock is owned by hedge funds and other institutional investors.
Shares of Identiv (NASDAQ INVE) traded up $0.12 during midday trading on Monday, reaching $3.48. Identiv has a 52 week low of $2.55 and a 52 week high of $7.81. The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The firm has a market cap of $49.57, a price-to-earnings ratio of -9.16 and a beta of -0.43.
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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.
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