Brokerages predict that Identiv Inc (NASDAQ:INVE) will post earnings of ($0.03) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Identiv’s earnings. Identiv posted earnings per share of ($0.07) during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.1%. The business is expected to issue its next earnings report on Thursday, November 8th.
On average, analysts expect that Identiv will report full-year earnings of ($0.28) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.26). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.08) per share, with EPS estimates ranging from ($0.10) to ($0.05). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Identiv.
Identiv (NASDAQ:INVE) last posted its quarterly earnings results on Thursday, August 9th. The technology company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). The company had revenue of $20.29 million during the quarter, compared to the consensus estimate of $17.31 million. Identiv had a negative return on equity of 31.76% and a negative net margin of 15.40%.
A number of research firms recently commented on INVE. ValuEngine raised shares of Identiv from a “hold” rating to a “buy” rating in a report on Tuesday, August 7th. Roth Capital initiated coverage on shares of Identiv in a report on Wednesday, August 1st. They set a “buy” rating and a $9.00 target price on the stock. Zacks Investment Research cut shares of Identiv from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Finally, Maxim Group initiated coverage on shares of Identiv in a report on Monday, July 9th. They set a “buy” rating and a $7.00 target price on the stock.
A hedge fund recently bought a new stake in Identiv stock. Arnhold LLC bought a new stake in shares of Identiv Inc (NASDAQ:INVE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 40,500 shares of the technology company’s stock, valued at approximately $151,000. Arnhold LLC owned 0.27% of Identiv at the end of the most recent reporting period. 29.91% of the stock is currently owned by institutional investors.
Shares of NASDAQ:INVE traded up $0.62 during mid-day trading on Tuesday, reaching $6.11. The company had a trading volume of 141,399 shares, compared to its average volume of 28,598. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.22. Identiv has a one year low of $2.55 and a one year high of $5.90.
Identiv, Inc operates as a security technology company that secures and manages access to physical places, things, and information primarily in the Americas, Europe, the Middle-East, and the Asia-Pacific. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and acess management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle.
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