Identiv Inc (NASDAQ:INVE) Expected to Post Earnings of $0.03 Per Share

Analysts expect that Identiv Inc (NASDAQ:INVE) will report earnings of $0.03 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Identiv’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.06. Identiv reported earnings per share of ($0.01) in the same quarter last year, which indicates a positive year over year growth rate of 400%. The company is expected to announce its next earnings report on Thursday, March 5th.

According to Zacks, analysts expect that Identiv will report full-year earnings of $0.03 per share for the current year, with EPS estimates ranging from $0.00 to $0.06. For the next fiscal year, analysts forecast that the firm will report earnings of $0.27 per share, with EPS estimates ranging from $0.23 to $0.29. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Identiv.

Identiv (NASDAQ:INVE) last issued its earnings results on Thursday, November 7th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $23.03 million for the quarter, compared to the consensus estimate of $25.32 million. Identiv had a net margin of 1.21% and a return on equity of 2.96%. During the same period in the previous year, the firm earned ($0.02) earnings per share.

INVE has been the topic of a number of research reports. Maxim Group set a $9.00 target price on shares of Identiv and gave the company a “buy” rating in a report on Friday, August 9th. Zacks Investment Research upgraded shares of Identiv from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Tuesday, November 12th. Imperial Capital dropped their target price on shares of Identiv from $9.50 to $9.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Roth Capital restated a “buy” rating on shares of Identiv in a report on Monday, August 5th. Finally, Northland Securities restated a “buy” rating on shares of Identiv in a report on Friday, August 9th. Eight research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $8.25.

Shares of INVE stock traded down $0.15 during mid-day trading on Monday, reaching $5.28. 46,667 shares of the company’s stock traded hands, compared to its average volume of 59,980. Identiv has a 12 month low of $3.34 and a 12 month high of $6.38. The company has a market cap of $91.21 million, a P/E ratio of -17.60 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $4.94 and its 200-day moving average price is $4.95.

Hedge funds have recently made changes to their positions in the company. Millennium Management LLC bought a new stake in shares of Identiv during the 3rd quarter valued at $67,000. Morgan Stanley boosted its holdings in shares of Identiv by 707.3% during the 2nd quarter. Morgan Stanley now owns 16,994 shares of the technology company’s stock valued at $87,000 after buying an additional 14,889 shares in the last quarter. Penbrook Management LLC bought a new stake in shares of Identiv during the 3rd quarter valued at $129,000. BlackRock Inc. boosted its stake in Identiv by 4.0% in the 2nd quarter. BlackRock Inc. now owns 294,438 shares of the technology company’s stock worth $1,508,000 after purchasing an additional 11,214 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Identiv by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 504,401 shares of the technology company’s stock worth $2,583,000 after purchasing an additional 2,701 shares in the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Identiv Company Profile

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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Earnings History and Estimates for Identiv (NASDAQ:INVE)

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