Wall Street analysts expect that Pointer Telocation Ltd. (NASDAQ:PNTR) will announce sales of $19.67 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Pointer Telocation’s earnings, with the lowest sales estimate coming in at $19.16 million and the highest estimate coming in at $20.17 million. Pointer Telocation reported sales of $15.92 million in the same quarter last year, which would suggest a positive year over year growth rate of 23.6%. 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 sales of $19.67 million for the current financial year, with estimates ranging from $78.23 million to $80.15 million. For the next year, analysts anticipate that the business will report sales of $83.15 million per share, with estimates ranging from $82.31 million to $83.98 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Pointer Telocation.

Pointer Telocation (NASDAQ:PNTR) last announced its quarterly earnings data on Wednesday, August 16th. The communications equipment provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.20 by $0.11. The company had revenue of $20.04 million during the quarter, compared to the consensus estimate of $18.23 million. Pointer Telocation had a net margin of 6.56% and a return on equity of 17.02%.

Several equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $19.25 price target on shares of Pointer Telocation in a research note on Wednesday, August 23rd. Roth Capital set a $16.00 price target on Pointer Telocation and gave the stock a “buy” rating in a research note on Tuesday, August 15th. HC Wainwright set a $18.00 price target on Pointer Telocation and gave the stock a “buy” rating in a research note on Thursday, August 17th. ValuEngine raised Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut Pointer Telocation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. 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 company has a consensus rating of “Buy” and an average price target of $17.06.

Shares of Pointer Telocation (NASDAQ PNTR) opened at 15.40 on Monday. The firm has a market cap of $122.86 million, a P/E ratio of 25.93 and a beta of 0.63. The company has a 50-day moving average of $13.34 and a 200 day moving average of $10.99. Pointer Telocation has a 52-week low of $6.78 and a 52-week high of $15.90.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in shares of Pointer Telocation by 70.1% in the second quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock worth $150,000 after acquiring an additional 5,327 shares during the last quarter. Eagle Global Advisors LLC purchased a new stake in shares of Pointer Telocation in the first quarter worth $159,000. Senvest Management LLC purchased a new stake in shares of Pointer Telocation in the second quarter worth $293,000. Rice Hall James & Associates LLC grew its stake in shares of Pointer Telocation by 1.0% in the second quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock worth $579,000 after acquiring an additional 514 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Pointer Telocation by 14.1% in the first quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock worth $1,700,000 after acquiring an additional 23,800 shares during the last quarter. 7.86% of the stock is currently owned by hedge funds and other institutional investors.

About Pointer Telocation

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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