Zacks: Analysts Expect I.D. Systems, Inc. (NASDAQ:IDSY) Will Announce Quarterly Sales of $19.38 Million

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Wall Street brokerages predict that I.D. Systems, Inc. (NASDAQ:IDSY) will report sales of $19.38 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for I.D. Systems’ earnings, with the lowest sales estimate coming in at $16.08 million and the highest estimate coming in at $25.34 million. I.D. Systems reported sales of $13.39 million in the same quarter last year, which indicates a positive year over year growth rate of 44.7%. The company is scheduled to report its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that I.D. Systems will report full-year sales of $77.79 million for the current fiscal year, with estimates ranging from $63.17 million to $91.23 million. For the next financial year, analysts expect that the business will report sales of $120.14 million, with estimates ranging from $69.86 million to $153.00 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover I.D. Systems.

IDSY has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of I.D. Systems from a “buy” rating to a “hold” rating in a report on Friday. National Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of I.D. Systems in a report on Friday, August 2nd. Barrington Research reiterated a “buy” rating and issued a $12.00 price objective on shares of I.D. Systems in a report on Friday, August 2nd. TheStreet lowered shares of I.D. Systems from a “c-” rating to a “d” rating in a report on Friday, August 2nd. Finally, ValuEngine upgraded shares of I.D. Systems from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. I.D. Systems presently has an average rating of “Buy” and a consensus price target of $9.80.

NASDAQ:IDSY traded down $0.04 during midday trading on Thursday, reaching $5.75. The stock had a trading volume of 5,471 shares, compared to its average volume of 44,232. I.D. Systems has a 1-year low of $4.76 and a 1-year high of $7.24. The business has a fifty day moving average price of $5.91. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.70 and a quick ratio of 1.46. The firm has a market capitalization of $108.56 million, a PE ratio of -26.14 and a beta of 1.05.

In other I.D. Systems news, CEO Chris Adams Wolfe acquired 19,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were bought at an average cost of $5.15 per share, with a total value of $97,850.00. Following the completion of the transaction, the chief executive officer now directly owns 219,074 shares of the company’s stock, valued at approximately $1,128,231.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Delek Group Ltd. bought a new stake in I.D. Systems during the 2nd quarter valued at $3,062,000. Ardsley Advisory Partners LP boosted its position in I.D. Systems by 2.5% during the 2nd quarter. Ardsley Advisory Partners LP now owns 511,523 shares of the communications equipment provider’s stock worth $3,008,000 after purchasing an additional 12,435 shares during the period. BlackRock Inc. boosted its position in I.D. Systems by 3.2% during the 2nd quarter. BlackRock Inc. now owns 413,235 shares of the communications equipment provider’s stock worth $2,429,000 after purchasing an additional 12,763 shares during the period. Victory Capital Management Inc. boosted its position in I.D. Systems by 1.1% in the 1st quarter. Victory Capital Management Inc. now owns 348,683 shares of the communications equipment provider’s stock valued at $2,068,000 after buying an additional 3,625 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in I.D. Systems by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 330,380 shares of the communications equipment provider’s stock valued at $1,943,000 after buying an additional 8,783 shares during the last quarter. 59.69% of the stock is currently owned by institutional investors.

I.D. Systems Company Profile

I.D. Systems, Inc develops, markets, and sells wireless machine-to-machine solutions primarily in North America. The company provides integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, monitor, track, and analyze industrial and rental vehicles, as well as transportation assets.

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