$0.22 EPS Expected for Pointer Telocation Ltd. (PNTR) This Quarter
Equities analysts expect that Pointer Telocation Ltd. (NASDAQ:PNTR) will announce $0.22 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Pointer Telocation’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.19. Pointer Telocation posted earnings per share of $0.18 in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.2%. The company is expected to announce its next quarterly earnings results on Thursday, November 16th.
According to Zacks, analysts expect that Pointer Telocation will report full year earnings of $0.87 per share for the current financial year, with EPS estimates ranging from $0.81 to $0.93. For the next fiscal year, analysts forecast that the firm will report earnings of $1.10 per share, with EPS estimates ranging from $0.86 to $1.34. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Pointer Telocation.
Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings data on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.11. The company had revenue of $20.04 million for the quarter, compared to analyst estimates of $18.23 million. Pointer Telocation had a net margin of 6.56% and a return on equity of 17.02%.
A number of research firms recently commented on PNTR. ValuEngine raised shares of Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. B. Riley restated a “buy” rating and issued a $19.25 target price on shares of Pointer Telocation in a research note on Wednesday, August 23rd. HC Wainwright set a $18.00 target price on shares of Pointer Telocation and gave the stock a “buy” rating in a research note on Thursday, August 17th. Roth Capital set a $16.00 target price on shares of Pointer Telocation and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Finally, Zacks Investment Research upgraded shares of Pointer Telocation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.06.
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Pointer Telocation (NASDAQ PNTR) traded up 3.36% during midday trading on Friday, hitting $15.40. 171,995 shares of the stock traded hands. Pointer Telocation has a one year low of $6.78 and a one year high of $15.90. The stock has a market cap of $122.86 million, a price-to-earnings ratio of 25.93 and a beta of 0.63. The company has a 50-day moving average price of $13.34 and a 200 day moving average price of $10.99.
A number of large investors have recently bought and sold shares of PNTR. Senvest Management LLC purchased a new stake in shares of Pointer Telocation during the second quarter worth about $293,000. Renaissance Technologies LLC grew its holdings in shares of Pointer Telocation by 14.1% during the first quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock worth $1,700,000 after buying an additional 23,800 shares in the last quarter. Eagle Global Advisors LLC purchased a new stake in shares of Pointer Telocation during the first quarter worth about $159,000. Acadian Asset Management LLC grew its holdings in shares of Pointer Telocation by 70.1% during the second quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock worth $150,000 after buying an additional 5,327 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Pointer Telocation by 1.0% during the second quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock worth $579,000 after buying an additional 514 shares in the last quarter. Hedge funds and other institutional investors own 7.86% of the company’s stock.
Pointer Telocation Company Profile
Pointer Telocation Ltd. is a provider of mobile resource management (MRM) products and services for the automotive, insurance industries and other mobile tracking markets, such as cargo, assets, shipping and containers. The Company offers roadside assistance (RSA) services, automobile repair and towing services, stolen vehicle recovery (SVR) and other services.
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