Brokerages expect I.D. Systems, Inc. (NASDAQ:IDSY) to announce $12.32 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for I.D. Systems’ earnings. The highest sales estimate is $12.54 million and the lowest is $12.10 million. I.D. Systems posted sales of $11.09 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.1%. The business is expected to announce its next quarterly earnings results on Thursday, November 8th.

According to Zacks, analysts expect that I.D. Systems will report full year sales of $52.37 million for the current fiscal year, with estimates ranging from $51.94 million to $52.79 million. For the next fiscal year, analysts forecast that the business will report sales of $60.02 million per share, with estimates ranging from $58.58 million to $61.46 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover I.D. Systems.

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

A number of equities research analysts have recently weighed in on IDSY shares. Zacks Investment Research downgraded I.D. Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. ValuEngine downgraded I.D. Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Finally, National Securities started coverage on I.D. Systems in a report on Monday, August 27th. They set a “buy” rating and a $8.60 target price for the company. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $9.32.

In other news, major shareholder Cannell Capital Llc bought 9,315 shares of the company’s stock in a transaction dated Friday, July 20th. The stock was bought at an average price of $6.01 per share, with a total value of $55,983.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 55,730 shares of company stock valued at $335,651 in the last three months. Insiders own 8.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cannell Capital LLC increased its position in shares of I.D. Systems by 22.2% in the second quarter. Cannell Capital LLC now owns 2,081,575 shares of the communications equipment provider’s stock worth $12,885,000 after purchasing an additional 377,830 shares during the period. Archon Capital Management LLC increased its position in shares of I.D. Systems by 22.4% in the first quarter. Archon Capital Management LLC now owns 643,255 shares of the communications equipment provider’s stock worth $4,001,000 after purchasing an additional 117,578 shares during the period. Ardsley Advisory Partners increased its position in shares of I.D. Systems by 13.2% in the second quarter. Ardsley Advisory Partners now owns 438,610 shares of the communications equipment provider’s stock worth $2,715,000 after purchasing an additional 51,200 shares during the period. Fairpointe Capital LLC increased its position in shares of I.D. Systems by 68.8% in the second quarter. Fairpointe Capital LLC now owns 124,488 shares of the communications equipment provider’s stock worth $771,000 after purchasing an additional 50,748 shares during the period. Finally, Cannell Peter B & Co. Inc. bought a new position in shares of I.D. Systems in the second quarter worth $186,000. 46.49% of the stock is owned by institutional investors.

IDSY opened at $6.41 on Friday. I.D. Systems has a fifty-two week low of $5.37 and a fifty-two week high of $8.05.

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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