IMPINJ (NASDAQ:PI) announced its quarterly earnings results on Wednesday. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.05, Bloomberg Earnings reports. IMPINJ had a negative net margin of 33.58% and a negative return on equity of 20.18%. The business had revenue of $34.60 million during the quarter, compared to analysts’ expectations of $32.00 million. During the same quarter in the prior year, the company posted ($0.28) EPS. The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year. IMPINJ updated its Q1 2019 guidance to $-0.29–0.22 EPS and its Q1 guidance to (0.29-0.22) EPS.
Shares of NASDAQ PI opened at $19.41 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.49 and a quick ratio of 3.34. IMPINJ has a 12 month low of $11.57 and a 12 month high of $28.48. The firm has a market capitalization of $383.11 million, a price-to-earnings ratio of -66.93 and a beta of 2.24.
Several brokerages have commented on PI. Zacks Investment Research lowered shares of IMPINJ from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. BidaskClub upgraded shares of IMPINJ from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Finally, ValuEngine lowered shares of IMPINJ from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.67.
ILLEGAL ACTIVITY WARNING: This report was first reported by Macon Daily and is the sole property of of Macon Daily. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://macondaily.com/2019/02/21/impinj-pi-issues-quarterly-earnings-results.html.
IMPINJ Company Profile
Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.
Further Reading: What is the price-sales ratio?
Receive News & Ratings for IMPINJ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPINJ and related companies with MarketBeat.com's FREE daily email newsletter.