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%.

A number of analysts have recently weighed in on the company. ValuEngine lowered Identiv from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Identiv from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd.

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.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/15/16-54-million-in-sales-expected-for-identiv-inc-inve-this-quarter-2.html.

About Identiv

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.

Get a free copy of the Zacks research report on Identiv (INVE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Identiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Identiv and related companies with MarketBeat.com's FREE daily email newsletter.