Equities research analysts predict that I.D. Systems, Inc. (NASDAQ:IDSY) will report sales of $12.32 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for I.D. Systems’ earnings. The highest sales estimate is $12.54 million and the lowest is $12.10 million. I.D. Systems reported sales of $11.09 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.1%. The firm is scheduled to announce its next earnings report on Thursday, November 8th.
According to Zacks, analysts expect that I.D. Systems will report full-year sales of $52.37 million for the current year, with estimates ranging from $51.94 million to $52.79 million. For the next year, analysts anticipate that the business will report sales of $60.02 million, with estimates ranging from $58.58 million to $61.46 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow I.D. Systems.
I.D. Systems (NASDAQ:IDSY) last posted its quarterly earnings results on Wednesday, August 8th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $14.81 million for the quarter, compared to the consensus estimate of $14.50 million. I.D. Systems had a negative return on equity of 9.52% and a negative net margin of 7.07%.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded I.D. Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. LADENBURG THALM/SH SH restated a “buy” rating and issued a $10.00 price target on shares of I.D. Systems in a research note on Wednesday, September 12th. National Securities assumed coverage on I.D. Systems in a research note on Monday, August 27th. They issued a “buy” rating and a $8.60 price target on the stock. Finally, ValuEngine downgraded I.D. Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $9.32.
In related news, major shareholder Cannell Capital Llc purchased 9,315 shares of the business’s stock in a transaction that occurred on Friday, July 20th. The shares were bought at an average price of $6.01 per share, for a total transaction of $55,983.15. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of IDSY. Cannell Capital LLC boosted its stake in I.D. Systems by 22.2% during the 2nd quarter. Cannell Capital LLC now owns 2,081,575 shares of the communications equipment provider’s stock valued at $12,885,000 after purchasing an additional 377,830 shares during the last quarter. Ardsley Advisory Partners boosted its stake in I.D. Systems by 13.2% during the 2nd quarter. Ardsley Advisory Partners now owns 438,610 shares of the communications equipment provider’s stock valued at $2,715,000 after purchasing an additional 51,200 shares during the last quarter. Fairpointe Capital LLC boosted its stake in I.D. Systems by 68.8% during the 2nd quarter. Fairpointe Capital LLC now owns 124,488 shares of the communications equipment provider’s stock valued at $771,000 after purchasing an additional 50,748 shares during the last quarter. Finally, Cannell Peter B & Co. Inc. purchased a new stake in I.D. Systems during the 2nd quarter valued at $186,000. Institutional investors own 46.49% of the company’s stock.
I.D. Systems stock opened at $6.34 on Friday. I.D. Systems has a twelve month low of $5.37 and a twelve month high of $8.05.
About I.D. Systems
I.D. Systems, Inc develops, markets, and sells wireless machine-to-machine solutions primarily in North America. The company provides integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, monitor, track, and analyze industrial and rental vehicles, as well as transportation assets.
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