Wall Street brokerages expect that I.D. Systems, Inc. (NASDAQ:IDSY) will post $12.32 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for I.D. Systems’ earnings. The lowest sales estimate is $12.10 million and the highest is $12.54 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 company is expected to issue its next earnings report 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 year, analysts anticipate that the company will post sales of $60.02 million, with estimates ranging from $58.58 million to $61.46 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover I.D. Systems.

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

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

Shares of IDSY remained flat at $$6.20 during mid-day trading on Friday. 3,400 shares of the company traded hands, 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 other I.D. Systems news, major shareholder Cannell Capital Llc acquired 9,315 shares of the business’s stock in a transaction on Friday, July 20th. The stock was bought at an average price of $6.01 per share, for a total transaction of $55,983.15. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Neil S. Subin sold 47,679 shares of the stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $6.25, for a total transaction of $297,993.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,544 shares of company stock valued at $303,585. 8.60% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Cannell Capital LLC raised its holdings in I.D. Systems by 22.2% in the 2nd quarter. Cannell Capital LLC now owns 2,081,575 shares of the communications equipment provider’s stock valued at $12,885,000 after acquiring an additional 377,830 shares during the last quarter. Ardsley Advisory Partners raised its holdings in I.D. Systems by 13.2% in the 2nd quarter. Ardsley Advisory Partners now owns 438,610 shares of the communications equipment provider’s stock valued at $2,715,000 after acquiring an additional 51,200 shares during the last quarter. Fairpointe Capital LLC raised its holdings in I.D. Systems by 68.8% in the 2nd quarter. Fairpointe Capital LLC now owns 124,488 shares of the communications equipment provider’s stock valued at $771,000 after acquiring an additional 50,748 shares during the last quarter. Finally, Cannell Peter B & Co. Inc. acquired a new stake in I.D. Systems in the 2nd quarter valued at about $186,000. Institutional investors own 46.49% of the company’s stock.

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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