-$0.04 EPS Expected for Adesto Technologies Corp (NASDAQ:IOTS) This Quarter

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Analysts expect that Adesto Technologies Corp (NASDAQ:IOTS) will report earnings of ($0.04) per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Adesto Technologies’ earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.02). Adesto Technologies posted earnings per share of ($0.08) in the same quarter last year, which suggests a positive year over year growth rate of 50%. The firm is scheduled to report its next earnings results on Wednesday, August 7th.

On average, analysts expect that Adesto Technologies will report full year earnings of ($0.02) per share for the current year, with EPS estimates ranging from ($0.07) to $0.05. For the next fiscal year, analysts expect that the firm will post earnings of $0.21 per share, with EPS estimates ranging from $0.13 to $0.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Adesto Technologies.

Adesto Technologies (NASDAQ:IOTS) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. The business had revenue of $28.11 million for the quarter, compared to analysts’ expectations of $26.95 million. Adesto Technologies had a negative net margin of 28.45% and a negative return on equity of 17.04%.

Several analysts have commented on IOTS shares. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. ValuEngine downgraded shares of Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, July 8th. Finally, TheStreet upgraded shares of WillScot from a “d-” rating to a “c-” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $9.05.

IOTS stock traded up $0.02 during mid-day trading on Monday, hitting $8.45. The company had a trading volume of 241,664 shares, compared to its average volume of 187,553. Adesto Technologies has a 12-month low of $3.51 and a 12-month high of $8.65. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $8.10.

In other news, CFO Ron Shelton sold 3,889 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $7.86, for a total value of $30,567.54. Following the sale, the chief financial officer now directly owns 284,788 shares in the company, valued at approximately $2,238,433.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.36% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its holdings in shares of Adesto Technologies by 772.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,146 shares of the technology company’s stock worth $31,000 after buying an additional 4,556 shares during the last quarter. Rhumbline Advisers grew its holdings in Adesto Technologies by 62.8% during the 4th quarter. Rhumbline Advisers now owns 28,486 shares of the technology company’s stock valued at $125,000 after purchasing an additional 10,990 shares during the last quarter. Strategic Wealth Advisors Group LLC bought a new position in Adesto Technologies during the 1st quarter valued at about $215,000. Bank of New York Mellon Corp grew its holdings in Adesto Technologies by 56.8% during the 4th quarter. Bank of New York Mellon Corp now owns 88,512 shares of the technology company’s stock valued at $389,000 after purchasing an additional 32,049 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Adesto Technologies by 78.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 172,316 shares of the technology company’s stock valued at $758,000 after purchasing an additional 75,962 shares during the last quarter. Hedge funds and other institutional investors own 62.40% of the company’s stock.

About Adesto Technologies

Adesto Technologies Corporation, together with its subsidiaries, provides application-specific semiconductors and embedded systems that offer the building blocks of Internet of Things (IoT) edge devices operating on networks worldwide. The company's portfolio of semiconductor and embedded technologies are optimized for connected IoT devices and systems used in industrial, consumer, communications, and medical applications.

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