Zacks: Analysts Expect Identiv Inc (INVE) to Post -$0.03 EPS

Analysts expect Identiv Inc (NASDAQ:INVE) to report ($0.03) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Identiv’s earnings. Identiv reported earnings per share of ($0.07) in the same quarter last year, which would suggest a positive year-over-year growth rate of 57.1%. The business is scheduled to report its next earnings report on Thursday, November 8th.

On average, analysts expect that Identiv will report full year earnings of ($0.28) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.26). For the next fiscal year, analysts expect that the company will report earnings of ($0.08) per share, with EPS estimates ranging from ($0.10) to ($0.05). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Identiv.

Identiv (NASDAQ:INVE) last issued its quarterly earnings results on Thursday, August 9th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.06). The business had revenue of $20.29 million for the quarter, compared to analyst estimates of $17.31 million. Identiv had a negative return on equity of 31.76% and a negative net margin of 15.40%.

Several analysts recently weighed in on INVE shares. Zacks Investment Research raised shares of Identiv from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a report on Thursday, June 28th. Maxim Group started coverage on shares of Identiv in a report on Monday, July 9th. They issued a “buy” rating and a $7.00 target price on the stock. ValuEngine raised shares of Identiv from a “hold” rating to a “buy” rating in a report on Tuesday, August 7th. Finally, Roth Capital started coverage on shares of Identiv in a report on Wednesday, August 1st. They issued a “buy” rating and a $9.00 target price on the stock.

Shares of INVE traded up $0.62 during mid-day trading on Tuesday, hitting $6.11. 141,399 shares of the company’s stock were exchanged, compared to its average volume of 28,598. Identiv has a fifty-two week low of $2.55 and a fifty-two week high of $5.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.34 and a quick ratio of 0.98.

A hedge fund recently bought a new stake in Identiv stock. Arnhold LLC bought a new stake in Identiv Inc (NASDAQ:INVE) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,500 shares of the technology company’s stock, valued at approximately $151,000. Arnhold LLC owned approximately 0.27% of Identiv as of its most recent SEC filing. 29.91% of the stock is currently owned by institutional investors.

About Identiv

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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