$19.29 Million in Sales Expected for Pointer Telocation Ltd. (PNTR) This Quarter
Equities analysts expect Pointer Telocation Ltd. (NASDAQ:PNTR) to report sales of $19.29 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Pointer Telocation’s earnings, with estimates ranging from $18.53 million to $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 21.2%. The company is expected to issue its next earnings report on Thursday, November 16th.
On average, analysts expect that Pointer Telocation will report full-year sales of $19.29 million for the current fiscal year, with estimates ranging from $76.95 million to $80.15 million. For the next financial year, analysts forecast that the firm will report sales of $82.66 million per share, with estimates ranging from $81.70 million to $83.98 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Pointer Telocation.
Pointer Telocation (NASDAQ:PNTR) last announced its quarterly earnings results on Wednesday, August 16th. The communications equipment provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.11. The business had revenue of $20.04 million during the quarter, compared to analysts’ expectations of $18.23 million. Pointer Telocation had a return on equity of 17.02% and a net margin of 6.56%.
Several research analysts have recently commented on PNTR shares. ValuEngine downgraded Pointer Telocation from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. HC Wainwright set a $18.00 target price on 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 Pointer Telocation and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Zacks Investment Research downgraded Pointer Telocation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, TheStreet upgraded Pointer Telocation from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.06.
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A number of large investors have recently added to or reduced their stakes in PNTR. Senvest Management LLC acquired a new stake in Pointer Telocation during the 2nd quarter worth approximately $293,000. Renaissance Technologies LLC lifted its holdings in Pointer Telocation by 14.1% during the 1st quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock worth $1,700,000 after purchasing an additional 23,800 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Pointer Telocation by 70.1% during the 2nd quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock worth $150,000 after purchasing an additional 5,327 shares during the last quarter. Eagle Global Advisors LLC lifted its holdings in Pointer Telocation by 28.1% during the 2nd quarter. Eagle Global Advisors LLC now owns 23,055 shares of the communications equipment provider’s stock worth $267,000 after purchasing an additional 5,055 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in Pointer Telocation by 1.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock worth $579,000 after purchasing an additional 514 shares during the last quarter. 7.76% of the stock is owned by institutional investors and hedge funds.
Shares of Pointer Telocation (PNTR) opened at 16.45 on Thursday. The company has a 50 day moving average price of $16.21 and a 200 day moving average price of $12.57. The company has a market cap of $131.24 million, a PE ratio of 27.69 and a beta of 0.70. Pointer Telocation has a 52 week low of $6.78 and a 52 week high of $17.71.
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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