Zacks: Analysts Expect IMPINJ Inc (NASDAQ:PI) Will Post Earnings of -$0.01 Per Share

Analysts forecast that IMPINJ Inc (NASDAQ:PI) will report ($0.03) earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for IMPINJ’s earnings. The highest EPS estimate is $0.01 and the lowest is ($0.08). IMPINJ posted earnings per share of ($0.09) in the same quarter last year, which suggests a positive year-over-year growth rate of 66.7%. The business is expected to issue its next quarterly earnings report on Wednesday, February 19th.

On average, analysts expect that IMPINJ will report full year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.05) to $0.01. For the next year, analysts expect that the firm will post earnings of $0.05 per share, with EPS estimates ranging from ($0.05) to $0.18. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for IMPINJ.

IMPINJ (NASDAQ:PI) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.10. IMPINJ had a negative return on equity of 1.81% and a negative net margin of 14.52%. The business had revenue of $40.76 million for the quarter, compared to the consensus estimate of $38.21 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. IMPINJ’s revenue for the quarter was up 18.5% compared to the same quarter last year.

A number of brokerages have recently weighed in on PI. Zacks Investment Research upgraded IMPINJ from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Wednesday, October 9th. TheStreet upgraded IMPINJ from a “d” rating to a “c-” rating in a report on Tuesday, July 30th. ValuEngine upgraded IMPINJ from a “sell” rating to a “hold” rating in a report on Friday. Canaccord Genuity reiterated a “buy” rating and set a $42.00 price target (up previously from $39.00) on shares of IMPINJ in a report on Friday, August 16th. Finally, BidaskClub upgraded IMPINJ from a “sell” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $38.75.

In other IMPINJ news, COO Eric Brodersen sold 3,500 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $31.00, for a total value of $108,500.00. Following the transaction, the chief operating officer now owns 15,600 shares in the company, valued at $483,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Oppen Peter H. Van sold 8,470 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $36.37, for a total value of $308,053.90. Following the completion of the transaction, the director now owns 58,470 shares in the company, valued at approximately $2,126,553.90. The disclosure for this sale can be found here. Insiders sold 45,298 shares of company stock worth $1,564,791 in the last 90 days. Corporate insiders own 28.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Scout Investments Inc. lifted its position in shares of IMPINJ by 65.3% in the second quarter. Scout Investments Inc. now owns 146,365 shares of the company’s stock worth $4,189,000 after buying an additional 57,817 shares during the last quarter. SOL Capital Management CO acquired a new stake in shares of IMPINJ in the second quarter worth about $233,000. SG Americas Securities LLC acquired a new stake in shares of IMPINJ in the second quarter worth about $2,665,000. Ibex Investors LLC acquired a new stake in shares of IMPINJ in the second quarter worth about $236,000. Finally, Sigma Planning Corp acquired a new position in shares of IMPINJ during the 2nd quarter worth about $458,000. Hedge funds and other institutional investors own 70.17% of the company’s stock.

Shares of PI stock opened at $34.45 on Friday. IMPINJ has a 1-year low of $13.25 and a 1-year high of $40.24. The company has a current ratio of 5.90, a quick ratio of 4.08 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $782.46 million, a price-to-earnings ratio of -50.66 and a beta of 2.67. The stock’s fifty day simple moving average is $31.87 and its 200-day simple moving average is $31.12.

IMPINJ Company Profile

Impinj, Inc operates a platform that enables wireless connectivity for everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell.

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Earnings History and Estimates for IMPINJ (NASDAQ:PI)

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