IMPINJ (PI) Issues Quarterly Earnings Results

Share on StockTwits

IMPINJ (NASDAQ:PI) posted its quarterly earnings results on Wednesday. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.05, Bloomberg Earnings reports. The company had revenue of $34.60 million during the quarter, compared to analysts’ expectations of $32.00 million. IMPINJ had a negative return on equity of 20.18% and a negative net margin of 33.58%. The firm’s revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.28) EPS. IMPINJ updated its Q1 2019 guidance to $-0.29–0.22 EPS and its Q1 guidance to (0.29-0.22) EPS.

Shares of NASDAQ PI traded up $1.57 during midday trading on Wednesday, hitting $19.41. The stock had a trading volume of 645,474 shares, compared to its average volume of 240,698. The firm has a market capitalization of $383.03 million, a P/E ratio of -66.93 and a beta of 2.24. IMPINJ has a 1-year low of $11.57 and a 1-year high of $28.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.49 and a quick ratio of 3.34.

Several equities analysts have recently weighed in on PI shares. Zacks Investment Research raised IMPINJ from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, January 15th. BidaskClub raised IMPINJ from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. Finally, ValuEngine raised IMPINJ from a “hold” rating to a “buy” rating in a research note on Monday, December 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $21.67.

ILLEGAL ACTIVITY WARNING: “IMPINJ (PI) Issues Quarterly Earnings Results” was first published by Highlight Press and is the property of of Highlight Press. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://highlightpress.com/2019/02/20/impinj-pi-issues-quarterly-earnings-results.html.

IMPINJ Company Profile

Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.

See Also: What is the return on assets formula?

Earnings History for IMPINJ (NASDAQ:PI)

Receive News & Ratings for IMPINJ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPINJ and related companies with MarketBeat.com's FREE daily email newsletter.