Latest Stocks: Identiv Inc (INVE) Expected to Announce Earnings of -$0.14 Per Share

Latest Stocks: Identiv Inc (INVE) Expected to Announce Earnings of -$0.14 Per Share

Wall Street analysts expect Identiv Inc (NASDAQ:INVE) to post earnings of ($0.14) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Identiv’s earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at ($0.12). Identiv posted earnings of ($0.26) per share in the same quarter last year, which suggests a positive year over year growth rate of 46.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, August 10th.

According to Zacks, analysts expect that Identiv will report full year earnings of ($0.22) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.16). For the next financial year, analysts expect that the business will report earnings of ($0.16) per share, with EPS estimates ranging from ($0.21) to ($0.10). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Identiv.

Identiv (NASDAQ:INVE) last announced its quarterly earnings data on Wednesday, May 10th. The technology company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.09. Identiv had a negative return on equity of 252.68% and a negative net margin of 58.03%. The firm had revenue of $13.39 million during the quarter, compared to the consensus estimate of $13.16 million. During the same quarter in the previous year, the company posted ($0.83) earnings per share. INVE has been the subject of a number of research analyst reports. Imperial Capital lifted their target price on Identiv from $3.00 to $7.00 and gave the company an “in-line” rating in a research report on Tuesday, April 4th. Zacks Investment Research raised Identiv from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Monday, March 13th.

A number of large investors have recently modified their holdings of INVE. Royce & Associates LP raised its stake in shares of Identiv by 24.7% in the fourth quarter. Royce & Associates LP now owns 596,589 shares of the technology company’s stock worth $1,897,000 after buying an additional 118,190 shares during the period. EAM Investors LLC purchased a new stake in shares of Identiv during the first quarter worth $688,000. Essex Investment Management Co. LLC raised its stake in shares of Identiv by 163.1% in the first quarter. Essex Investment Management Co. LLC now owns 145,935 shares of the technology company’s stock worth $1,030,000 after buying an additional 90,462 shares during the period. Renaissance Technologies LLC raised its stake in shares of Identiv by 32.0% in the fourth quarter. Renaissance Technologies LLC now owns 234,940 shares of the technology company’s stock worth $747,000 after buying an additional 56,980 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Identiv by 3.3% in the first quarter. Vanguard Group Inc. now owns 257,392 shares of the technology company’s stock worth $1,817,000 after buying an additional 8,170 shares during the period. 13.44% of the stock is owned by institutional investors and hedge funds. Shares of Identiv (NASDAQ:INVE) traded down 3.7436% during mid-day trading on Wednesday, reaching $4.8802. The company’s stock had a trading volume of 7,525 shares. The company’s market cap is $54.21 million. The company has a 50-day moving average price of $6.22 and a 200 day moving average price of $4.56. Identiv has a 52-week low of $1.61 and a 52-week high of $7.81.

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.

Get a free copy of the Zacks research report on Identiv (INVE) For more information about research offerings from Zacks Investment Research, visit Zacks.com

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