Brokerages Anticipate Identiv, Inc. (INVE) Will Announce Quarterly Sales of $16.54 Million

Equities analysts expect that Identiv, Inc. (NASDAQ:INVE) will report sales of $16.54 million for the current quarter, according to Zacks. Two analysts have issued estimates for Identiv’s earnings, with the highest sales estimate coming in at $17.16 million and the lowest estimate coming in at $15.91 million. Identiv posted sales of $14.65 million in the same quarter last year, which suggests a positive year over year growth rate of 12.9%. The company is scheduled to report 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 financial year, with estimates ranging from $59.57 million to $60.83 million. For the next year, analysts anticipate that the firm will report sales of $65.29 million per share, with estimates ranging from $65.10 million to $65.47 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Identiv.

Identiv (NASDAQ:INVE) last announced its quarterly earnings results on Thursday, November 9th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.03. The firm had revenue of $15.43 million during the quarter, compared to the consensus estimate of $15.11 million. Identiv had a negative return on equity of 38.59% and a negative net margin of 8.04%.

A number of brokerages recently issued reports on INVE. Zacks Investment Research downgraded Identiv from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. ValuEngine downgraded Identiv from a “hold” rating to a “sell” rating in a report on Thursday, October 26th.

Identiv (NASDAQ:INVE) opened at $3.70 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $54.27, a P/E ratio of -9.74 and a beta of -0.43. Identiv has a fifty-two week low of $2.55 and a fifty-two week high of $7.81.

A number of institutional investors and hedge funds have recently made changes to their positions in INVE. Sterling Capital Management LLC acquired a new position in Identiv in the second quarter valued at approximately $111,000. Northern Trust Corp boosted its holdings in shares of Identiv by 43.5% in the second quarter. Northern Trust Corp now owns 23,429 shares of the technology company’s stock valued at $123,000 after acquiring an additional 7,104 shares during the period. Essex Investment Management Co. LLC boosted its holdings in shares of Identiv by 64.3% in the third quarter. Essex Investment Management Co. LLC now owns 263,974 shares of the technology company’s stock valued at $1,225,000 after acquiring an additional 103,294 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Identiv by 1.0% in the second quarter. Vanguard Group Inc. now owns 259,868 shares of the technology company’s stock valued at $1,364,000 after acquiring an additional 2,476 shares during the period. Finally, AWM Investment Company Inc. acquired a new stake in shares of Identiv in the second quarter valued at approximately $3,293,000. 33.31% of the stock is owned by hedge funds and other institutional investors.

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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.

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