I.D. Systems, Inc. (IDSY) Expected to Post Earnings of $0.01 Per Share

Equities research analysts forecast that I.D. Systems, Inc. (NASDAQ:IDSY) will announce $0.01 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for I.D. Systems’ earnings. The lowest EPS estimate is ($0.01) and the highest is $0.02. I.D. Systems reported earnings of $0.02 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The company is expected to report its next quarterly earnings report on Thursday, November 8th.

According to Zacks, analysts expect that I.D. Systems will report full year earnings of $0.03 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.07. For the next year, analysts expect that the firm will report earnings of $0.25 per share, with EPS estimates ranging from $0.13 to $0.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for I.D. Systems.

I.D. Systems (NASDAQ:IDSY) last issued its earnings results on Wednesday, August 8th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. The business had revenue of $14.81 million during the quarter, compared to the consensus estimate of $14.50 million. I.D. Systems had a negative return on equity of 9.52% and a negative net margin of 7.07%.

IDSY has been the subject of several recent research reports. ValuEngine downgraded I.D. Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Zacks Investment Research downgraded I.D. Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. National Securities initiated coverage on I.D. Systems in a report on Monday, August 27th. They set a “buy” rating and a $8.60 price objective for the company. Finally, LADENBURG THALM/SH SH restated a “buy” rating and set a $10.00 price objective on shares of I.D. Systems in a report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $9.32.

Shares of NASDAQ IDSY remained flat at $$6.20 during midday trading on Thursday. The stock had a trading volume of 3,400 shares, compared to its average volume of 27,335. I.D. Systems has a 52-week low of $5.37 and a 52-week high of $8.05.

In related news, major shareholder Cannell Capital Llc bought 9,315 shares of the business’s stock in a transaction that occurred on Friday, July 20th. The shares were bought at an average price of $6.01 per share, with a total value of $55,983.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Neil S. Subin sold 47,679 shares of I.D. Systems stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $6.25, for a total value of $297,993.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,544 shares of company stock worth $303,585. 8.60% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. Fairpointe Capital LLC boosted its position in shares of I.D. Systems by 68.8% during the second quarter. Fairpointe Capital LLC now owns 124,488 shares of the communications equipment provider’s stock valued at $771,000 after buying an additional 50,748 shares during the last quarter. Ardsley Advisory Partners boosted its position in shares of I.D. Systems by 13.2% during the second quarter. Ardsley Advisory Partners now owns 438,610 shares of the communications equipment provider’s stock valued at $2,715,000 after buying an additional 51,200 shares during the last quarter. Cannell Capital LLC boosted its position in shares of I.D. Systems by 22.2% during the second quarter. Cannell Capital LLC now owns 2,081,575 shares of the communications equipment provider’s stock valued at $12,885,000 after buying an additional 377,830 shares during the last quarter. Finally, Cannell Peter B & Co. Inc. purchased a new position in shares of I.D. Systems during the second quarter valued at approximately $186,000. 46.49% of the stock is currently owned by institutional investors.

About I.D. Systems

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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