Analysts Anticipate Identiv, Inc. (NASDAQ:INVE) to Announce -$0.07 Earnings Per Share

Wall Street analysts forecast that Identiv, Inc. (NASDAQ:INVEGet Rating) will report earnings per share (EPS) of ($0.07) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Identiv’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at ($0.03). Identiv reported earnings per share of ($0.09) in the same quarter last year, which suggests a positive year over year growth rate of 22.2%. The business is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Identiv will report full year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from $0.02 to $0.15. For the next financial year, analysts anticipate that the business will post earnings of $0.44 per share, with EPS estimates ranging from $0.34 to $0.53. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Identiv.

Identiv (NASDAQ:INVEGet Rating) last issued its quarterly earnings results on Wednesday, March 2nd. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.13). Identiv had a return on equity of 1.51% and a net margin of 1.56%. The business had revenue of $28.52 million for the quarter, compared to the consensus estimate of $28.45 million. During the same period in the prior year, the business earned ($0.05) earnings per share.

INVE has been the subject of several recent research reports. StockNews.com raised Identiv from a “sell” rating to a “hold” rating in a research report on Monday, April 4th. Zacks Investment Research upgraded Identiv from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 22nd.

Identiv stock opened at $13.21 on Friday. The business’s 50-day simple moving average is $17.78. Identiv has a one year low of $11.30 and a one year high of $29.00.

In related news, major shareholder Lp Bleichroeder purchased 59,370 shares of Identiv stock in a transaction on Friday, March 4th. The shares were purchased at an average price of $15.16 per share, for a total transaction of $900,049.20. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Justin Scarpulla purchased 6,500 shares of the firm’s stock in a transaction dated Tuesday, March 15th. The stock was bought at an average cost of $15.36 per share, with a total value of $99,840.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 116,875 shares of company stock valued at $1,771,864. 8.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in Identiv by 7.2% during the fourth quarter. BlackRock Inc. now owns 1,330,065 shares of the technology company’s stock worth $37,429,000 after buying an additional 89,188 shares during the last quarter. Jacob Asset Management of New York LLC increased its stake in Identiv by 34.6% in the third quarter. Jacob Asset Management of New York LLC now owns 544,726 shares of the technology company’s stock valued at $10,263,000 after purchasing an additional 140,000 shares in the last quarter. Wasatch Advisors Inc. acquired a new position in Identiv during the 4th quarter worth approximately $13,553,000. Geode Capital Management LLC raised its position in shares of Identiv by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 356,287 shares of the technology company’s stock worth $10,025,000 after purchasing an additional 4,165 shares during the period. Finally, State Street Corp raised its holdings in Identiv by 2.2% during the fourth quarter. State Street Corp now owns 345,358 shares of the technology company’s stock worth $9,718,000 after buying an additional 7,388 shares during the last quarter. Hedge funds and other institutional investors own 61.87% of the company’s stock.

About Identiv (Get Rating)

Identiv, Inc operates as a security technology company that secures things, data, and physical places in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.

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Earnings History and Estimates for Identiv (NASDAQ:INVE)

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