Equities research analysts expect that I.D. Systems, Inc. (NASDAQ:IDSY) will post $17.04 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for I.D. Systems’ earnings, with the highest sales estimate coming in at $17.80 million and the lowest estimate coming in at $16.28 million. I.D. Systems posted sales of $14.81 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.1%. The company is expected to announce its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that I.D. Systems will report full year sales of $79.70 million for the current financial year, with estimates ranging from $63.17 million to $96.22 million. For the next year, analysts expect that the business will report sales of $111.43 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 analysts that that provide coverage for I.D. Systems.

I.D. Systems (NASDAQ:IDSY) last issued its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported ($0.04) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The firm had revenue of $13.61 million for the quarter, compared to analyst estimates of $12.14 million. I.D. Systems had a negative net margin of 13.16% and a negative return on equity of 11.87%.

Separately, Zacks Investment Research lowered shares of I.D. Systems from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 13th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. I.D. Systems currently has an average rating of “Buy” and an average target price of $9.53.

I.D. Systems stock traded up $0.05 during midday trading on Friday, reaching $5.05. The company had a trading volume of 3,463 shares, compared to its average volume of 34,701. The firm has a market capitalization of $89.07 million, a PE ratio of -22.64 and a beta of 0.95. I.D. Systems has a 12-month low of $4.76 and a 12-month high of $7.24. The company has a current ratio of 1.70, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05.

In other I.D. Systems news, major shareholder Cannell Capital Llc bought 83,290 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $6.03 per share, with a total value of $502,238.70. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Chris Adam Wolfe bought 10,600 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $63,706.00. Following the completion of the purchase, the chief executive officer now directly owns 187,474 shares in the company, valued at $1,126,718.74. The disclosure for this purchase can be found here. Insiders purchased a total of 134,550 shares of company stock worth $790,707 over the last ninety days. 8.60% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. B. Riley Financial Inc. acquired a new stake in I.D. Systems in the fourth quarter valued at $3,004,000. California Public Employees Retirement System lifted its stake in I.D. Systems by 257.8% in the fourth quarter. California Public Employees Retirement System now owns 138,786 shares of the communications equipment provider’s stock valued at $776,000 after acquiring an additional 100,000 shares during the last quarter. 22NW LP lifted its stake in I.D. Systems by 379.5% in the fourth quarter. 22NW LP now owns 362,524 shares of the communications equipment provider’s stock valued at $2,027,000 after acquiring an additional 286,924 shares during the last quarter. Northern Trust Corp lifted its stake in I.D. Systems by 28.9% in the fourth quarter. Northern Trust Corp now owns 42,468 shares of the communications equipment provider’s stock valued at $238,000 after acquiring an additional 9,520 shares during the last quarter. Finally, Cannell Capital LLC lifted its stake in I.D. Systems by 9.2% in the fourth quarter. Cannell Capital LLC now owns 2,284,663 shares of the communications equipment provider’s stock valued at $12,771,000 after acquiring an additional 192,173 shares during the last quarter. 60.58% of the stock is currently 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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