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.
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