-$0.04 Earnings Per Share Expected for Adesto Technologies Corp (IOTS) This Quarter

Equities research analysts predict that Adesto Technologies Corp (NASDAQ:IOTS) will report earnings per share (EPS) of ($0.04) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided 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) during the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The business is scheduled to announce its next earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Adesto Technologies will report full year earnings of ($0.02) per share for the current fiscal year, with EPS estimates ranging from ($0.07) to $0.05. For the next year, analysts expect that the business will report earnings of $0.21 per share, with EPS estimates ranging from $0.13 to $0.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Adesto Technologies.

Adesto Technologies (NASDAQ:IOTS) last posted its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. Adesto Technologies had a negative net margin of 28.45% and a negative return on equity of 17.24%. The company had revenue of $28.08 million during the quarter, compared to the consensus estimate of $28.51 million.

A number of equities analysts have recently commented on IOTS shares. Zacks Investment Research upgraded shares of Adesto Technologies from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research note on Tuesday, January 29th. ValuEngine downgraded shares of Adesto Technologies from a “buy” rating to a “hold” rating in a research note on Monday, March 18th. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of Adesto Technologies in a research note on Wednesday, March 13th. Northland Securities restated a “buy” rating and set a $9.00 price objective on shares of Adesto Technologies in a research note on Friday, February 22nd. Finally, TheStreet upgraded shares of Adesto Technologies from a “d” rating to a “c-” rating in a research note on Thursday, February 21st. Eight analysts have rated the stock with a buy rating, Adesto Technologies currently has a consensus rating of “Buy” and a consensus price target of $9.32.

A number of large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its stake in Adesto Technologies by 772.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,146 shares of the technology company’s stock valued at $31,000 after purchasing an additional 4,556 shares during the last quarter. Vivaldi Asset Management LLC lifted its stake in Adesto Technologies by 4.6% in the 1st quarter. Vivaldi Asset Management LLC now owns 166,866 shares of the technology company’s stock valued at $1,010,000 after purchasing an additional 7,340 shares during the last quarter. Geode Capital Management LLC lifted its stake in Adesto Technologies by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 256,051 shares of the technology company’s stock valued at $1,126,000 after purchasing an additional 9,389 shares during the last quarter. AQR Capital Management LLC lifted its stake in Adesto Technologies by 53.7% in the 3rd quarter. AQR Capital Management LLC now owns 28,558 shares of the technology company’s stock valued at $170,000 after purchasing an additional 9,972 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Adesto Technologies in the 1st quarter valued at about $61,000. Institutional investors and hedge funds own 64.00% of the company’s stock.

Shares of Adesto Technologies stock traded up $0.13 during trading hours on Tuesday, reaching $7.66. 305,078 shares of the company’s stock were exchanged, compared to its average volume of 157,968. Adesto Technologies has a fifty-two week low of $3.51 and a fifty-two week high of $10.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.85. The company has a market cap of $231.52 million, a price-to-earnings ratio of -27.36 and a beta of 1.83.

Adesto Technologies Company Profile

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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