Brokerages forecast that I.D. Systems, Inc. (NASDAQ:IDSY) will report sales of $11.42 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for I.D. Systems’ earnings, with the highest sales estimate coming in at $11.74 million and the lowest estimate coming in at $11.10 million. I.D. Systems reported sales of $9.23 million during the same quarter last year, which indicates a positive year-over-year growth rate of 23.7%. The company is expected to announce its next earnings results on Thursday, March 1st.
On average, analysts expect that I.D. Systems will report full year sales of $11.42 million for the current fiscal year, with estimates ranging from $40.89 million to $41.53 million. For the next year, analysts expect that the business will post sales of $60.38 million per share, with estimates ranging from $59.62 million to $61.14 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for I.D. Systems.
I.D. Systems (NASDAQ:IDSY) last released its earnings results on Thursday, November 9th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. I.D. Systems had a negative net margin of 13.02% and a negative return on equity of 22.16%.
I.D. Systems (IDSY) opened at $7.25 on Friday. The company has a market cap of $126.57, a PE ratio of -19.08, a PEG ratio of 0.86 and a beta of -0.01. I.D. Systems has a 52-week low of $5.50 and a 52-week high of $7.75.
In other news, major shareholder Emancipation Management Llc sold 25,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $6.90, for a total transaction of $172,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.17% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp increased its stake in I.D. Systems by 2.6% in the second quarter. Northern Trust Corp now owns 30,613 shares of the communications equipment provider’s stock valued at $188,000 after acquiring an additional 784 shares during the period. Smith Moore & CO. bought a new stake in I.D. Systems in the third quarter valued at about $263,000. Punch & Associates Investment Management Inc. bought a new stake in I.D. Systems in the second quarter valued at about $837,000. Archon Capital Management LLC bought a new stake in I.D. Systems in the third quarter valued at about $1,386,000. Finally, Ardsley Advisory Partners increased its stake in I.D. Systems by 86.9% in the second quarter. Ardsley Advisory Partners now owns 264,021 shares of the communications equipment provider’s stock valued at $1,636,000 after acquiring an additional 122,779 shares during the period. 46.67% of the stock is owned by institutional investors and hedge funds.
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I.D. Systems Company Profile
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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