Equities research analysts expect that Pointer Telocation Ltd (NASDAQ:PNTR) will post earnings per share of $0.20 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Pointer Telocation’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.15. Pointer Telocation posted earnings of $0.31 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 35.5%. The business is expected to issue its next quarterly earnings report on Wednesday, August 21st.
According to Zacks, analysts expect that Pointer Telocation will report full-year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $0.86 to $1.28. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Pointer Telocation.
Pointer Telocation (NASDAQ:PNTR) last posted its earnings results on Thursday, May 23rd. The communications equipment provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $18.26 million for the quarter, compared to the consensus estimate of $18.47 million. Pointer Telocation had a return on equity of 11.29% and a net margin of 7.66%.
A number of analysts have weighed in on PNTR shares. B. Riley reaffirmed a “neutral” rating and set a $15.00 target price (down previously from $20.50) on shares of Pointer Telocation in a research note on Wednesday, May 15th. Zacks Investment Research cut shares of Bancorp from a “buy” rating to a “hold” rating in a research note on Friday. HC Wainwright set a $3.00 target price on shares of McEwen Mining and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Pointer Telocation has a consensus rating of “Hold” and a consensus target price of $15.91.
Institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new stake in shares of Pointer Telocation in the first quarter worth $28,000. BlackRock Inc. bought a new stake in shares of Pointer Telocation in the fourth quarter worth $251,000. Menora Mivtachim Holdings LTD. grew its stake in shares of Pointer Telocation by 2.9% in the first quarter. Menora Mivtachim Holdings LTD. now owns 30,277 shares of the communications equipment provider’s stock worth $474,000 after purchasing an additional 842 shares during the last quarter. Meitav Dash Investments Ltd. grew its stake in shares of Pointer Telocation by 33.9% in the first quarter. Meitav Dash Investments Ltd. now owns 31,670 shares of the communications equipment provider’s stock worth $487,000 after purchasing an additional 8,022 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Pointer Telocation by 40.5% in the first quarter. Boston Partners now owns 53,615 shares of the communications equipment provider’s stock worth $839,000 after purchasing an additional 15,453 shares during the last quarter. 27.30% of the stock is currently owned by institutional investors.
Shares of NASDAQ PNTR traded up $0.09 during midday trading on Friday, reaching $15.06. 750 shares of the company were exchanged, compared to its average volume of 8,870. The company’s 50-day moving average price is $15.01. The stock has a market capitalization of $122.44 million, a PE ratio of 14.76 and a beta of 0.53. Pointer Telocation has a one year low of $10.25 and a one year high of $16.16. The company has a current ratio of 1.87, a quick ratio of 1.46 and a debt-to-equity ratio of 0.03.
About Pointer Telocation
Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive and insurance industries, and mobile assets management markets worldwide. It operates through MRM and Cellocator sgments. The MRM segment offers asset management, fleet management, stolen vehicle retrieval (SVR), and connected car services.
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