Impinj (NASDAQ:PI – Get Free Report) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.46-0.50 for the period, compared to the consensus estimate of $0.40. The company issued revenue guidance of $91-94 million, compared to the consensus revenue estimate of $90.38 million. Impinj also updated its Q3 2024 guidance to 0.460-0.500 EPS.
Impinj Stock Performance
Shares of NASDAQ PI traded up $6.72 during mid-day trading on Thursday, hitting $159.27. The company had a trading volume of 1,420,382 shares, compared to its average volume of 438,172. Impinj has a 12 month low of $48.39 and a 12 month high of $181.88. The firm has a market cap of $4.41 billion, a P/E ratio of -456.34 and a beta of 1.78. The business’s 50-day simple moving average is $161.16 and its 200-day simple moving average is $133.22. The company has a debt-to-equity ratio of 3.29, a current ratio of 9.42 and a quick ratio of 6.87.
Impinj (NASDAQ:PI – Get Free Report) last issued its earnings results on Wednesday, July 24th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.74 by $0.09. The firm had revenue of $102.50 million during the quarter, compared to analysts’ expectations of $97.47 million. Impinj had a negative return on equity of 60.13% and a negative net margin of 1.90%. Impinj’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period last year, the business earned ($0.14) earnings per share. As a group, analysts predict that Impinj will post 0.04 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Research Report on PI
Insider Buying and Selling
In related news, Director Umesh Padval sold 3,475 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $151.39, for a total transaction of $526,080.25. Following the transaction, the director now directly owns 3,529 shares of the company’s stock, valued at $534,255.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Impinj news, Director Umesh Padval sold 3,475 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $151.39, for a total value of $526,080.25. Following the transaction, the director now directly owns 3,529 shares of the company’s stock, valued at approximately $534,255.31. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cathal G. Phelan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $147.94, for a total transaction of $1,479,400.00. Following the transaction, the insider now owns 15,801 shares of the company’s stock, valued at $2,337,599.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,097,971 shares of company stock valued at $167,900,777. Company insiders own 51.00% of the company’s stock.
Impinj Company Profile
Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.
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