I.D. Systems, Inc. (NASDAQ:IDSY) Expected to Post Quarterly Sales of $16.44 Million

Wall Street brokerages expect that I.D. Systems, Inc. (NASDAQ:IDSY) will announce sales of $16.44 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for I.D. Systems’ earnings. The lowest sales estimate is $16.08 million and the highest is $16.71 million. I.D. Systems posted sales of $13.39 million during the same quarter last year, which suggests a positive year-over-year growth rate of 22.8%. The firm is scheduled to announce its next earnings results on Thursday, November 14th.

On average, analysts expect that I.D. Systems will report full-year sales of $72.48 million for the current financial year, with estimates ranging from $63.17 million to $78.98 million. For the next fiscal year, analysts expect that the company will post sales of $120.14 million, with estimates ranging from $69.86 million to $153.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover I.D. Systems.

IDSY has been the topic of several recent research reports. Barrington Research restated a “buy” rating and issued a $12.00 price objective on shares of I.D. Systems in a research report on Friday, August 2nd. National Securities restated a “buy” rating and issued a $10.00 price objective on shares of I.D. Systems in a research report on Friday, August 2nd. ValuEngine upgraded I.D. Systems from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. TheStreet lowered I.D. Systems from a “c-” rating to a “d” rating in a research report on Friday, August 2nd. Finally, Zacks Investment Research lowered I.D. Systems from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $9.80.

I.D. Systems stock traded up $0.19 during mid-day trading on Thursday, hitting $5.70. The company had a trading volume of 35,341 shares, compared to its average volume of 44,057. The company has a current ratio of 1.70, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05. I.D. Systems has a 12-month low of $4.76 and a 12-month high of $7.24. The company’s fifty day moving average is $5.91 and its 200-day moving average is $5.84. The company has a market capitalization of $105.46 million, a price-to-earnings ratio of -25.91 and a beta of 1.05.

In other I.D. Systems news, CEO Chris Adams Wolfe bought 19,000 shares of I.D. Systems stock in a transaction dated Friday, May 24th. The stock was acquired at an average cost of $5.15 per share, with a total value of $97,850.00. Following the purchase, the chief executive officer now directly owns 219,074 shares in the company, valued at approximately $1,128,231.10. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 8.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Cutler Group LP acquired a new position in shares of I.D. Systems during the 1st quarter worth approximately $103,000. Wells Fargo & Company MN raised its stake in shares of I.D. Systems by 15.1% during the 2nd quarter. Wells Fargo & Company MN now owns 17,678 shares of the communications equipment provider’s stock worth $104,000 after buying an additional 2,320 shares during the period. Northern Trust Corp raised its stake in shares of I.D. Systems by 28.9% during the 4th quarter. Northern Trust Corp now owns 42,468 shares of the communications equipment provider’s stock worth $238,000 after buying an additional 9,520 shares during the period. Balter Liquid Alternatives LLC raised its stake in shares of I.D. Systems by 11.9% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 52,520 shares of the communications equipment provider’s stock worth $309,000 after buying an additional 5,591 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of I.D. Systems by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 330,380 shares of the communications equipment provider’s stock worth $1,943,000 after buying an additional 8,783 shares during the period. 59.69% of the stock is owned by institutional investors and hedge funds.

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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