Brokerages predict that Adesto Technologies Corp (NASDAQ:IOTS) will report ($0.04) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Adesto Technologies’ earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.05). Adesto Technologies posted earnings per share of ($0.08) in the same quarter last year, which would suggest a positive year over year growth rate of 50%. The business is expected to announce its next earnings report on Wednesday, August 7th.

On average, analysts expect that Adesto Technologies will report full-year earnings of ($0.02) per share for the current year, with EPS estimates ranging from ($0.07) to $0.05. For the next fiscal year, analysts anticipate that the company will post earnings of $0.21 per share, with EPS estimates ranging from $0.13 to $0.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Adesto Technologies.

Adesto Technologies (NASDAQ:IOTS) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. Adesto Technologies had a negative net margin of 28.45% and a negative return on equity of 17.04%. The company had revenue of $28.11 million during the quarter, compared to analyst estimates of $26.95 million.

A number of research firms have commented on IOTS. TheStreet upgraded shares of WillScot from a “d-” rating to a “c-” rating in a research note on Wednesday, May 8th. ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, July 8th. Finally, Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.05.

IOTS traded up $0.01 during trading hours on Monday, reaching $8.46. 110,646 shares of the stock traded hands, compared to its average volume of 168,382. The business’s fifty day moving average price is $8.10. The firm has a market cap of $251.13 million, a P/E ratio of -30.21 and a beta of 1.35. Adesto Technologies has a fifty-two week low of $3.51 and a fifty-two week high of $8.65. The company has a current ratio of 1.19, a quick ratio of 0.80 and a debt-to-equity ratio of 0.61.

In other Adesto Technologies news, CFO Ron Shelton sold 3,889 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $7.86, for a total value of $30,567.54. Following the completion of the transaction, the chief financial officer now directly owns 284,788 shares in the company, valued at $2,238,433.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 12.36% of the company’s stock.

Several hedge funds have recently bought and sold shares of IOTS. Royce & Associates LP boosted its holdings in shares of Adesto Technologies by 24.1% during the first quarter. Royce & Associates LP now owns 865,400 shares of the technology company’s stock worth $5,236,000 after purchasing an additional 168,300 shares during the period. BlackRock Inc. boosted its holdings in shares of Adesto Technologies by 6.4% during the fourth quarter. BlackRock Inc. now owns 1,505,936 shares of the technology company’s stock worth $6,626,000 after purchasing an additional 90,468 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Adesto Technologies by 78.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 172,316 shares of the technology company’s stock worth $758,000 after purchasing an additional 75,962 shares during the period. Strategic Wealth Advisors Group LLC acquired a new stake in shares of Adesto Technologies during the first quarter worth approximately $215,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Adesto Technologies by 56.8% during the fourth quarter. Bank of New York Mellon Corp now owns 88,512 shares of the technology company’s stock worth $389,000 after purchasing an additional 32,049 shares during the period. Institutional investors and hedge funds own 62.40% of the company’s stock.

Adesto Technologies Company Profile

Adesto Technologies Corporation, together with its subsidiaries, provides application-specific semiconductors and embedded systems that offer the building blocks of Internet of Things (IoT) edge devices operating on networks worldwide. The company's portfolio of semiconductor and embedded technologies are optimized for connected IoT devices and systems used in industrial, consumer, communications, and medical applications.

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