$0.28 EPS Expected for Pointer Telocation Ltd (PNTR) This Quarter

Analysts expect that Pointer Telocation Ltd (NASDAQ:PNTR) will post earnings per share of $0.28 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Pointer Telocation’s earnings. Pointer Telocation also reported earnings of $0.28 per share during the same quarter last year. The firm is scheduled to issue its next earnings results on Wednesday, November 21st.

According to Zacks, analysts expect that Pointer Telocation will report full year earnings of $1.16 per share for the current year, with EPS estimates ranging from $1.13 to $1.18. For the next fiscal year, analysts forecast that the firm will report earnings of $1.29 per share, with EPS estimates ranging from $1.25 to $1.33. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Pointer Telocation.

Pointer Telocation (NASDAQ:PNTR) last posted its quarterly earnings data on Wednesday, August 15th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. Pointer Telocation had a return on equity of 14.66% and a net margin of 20.93%. The company had revenue of $19.74 million during the quarter, compared to analyst estimates of $20.74 million.

A number of analysts have commented on the company. Zacks Investment Research raised Pointer Telocation from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 18th. ValuEngine downgraded Pointer Telocation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 13th. HC Wainwright set a $25.00 target price on Pointer Telocation and gave the stock a “buy” rating in a research report on Tuesday, May 22nd. Finally, Roth Capital set a $17.00 price objective on Pointer Telocation and gave the stock a “buy” rating in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $19.75.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ETF Managers Group LLC purchased a new stake in shares of Pointer Telocation in the first quarter valued at approximately $113,000. First Wilshire Securities Management Inc. lifted its holdings in shares of Pointer Telocation by 37.2% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 18,246 shares of the communications equipment provider’s stock valued at $219,000 after purchasing an additional 4,946 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Pointer Telocation by 2,955.2% during the 1st quarter. Royal Bank of Canada now owns 18,331 shares of the communications equipment provider’s stock valued at $267,000 after purchasing an additional 17,731 shares during the last quarter. B. Riley Financial Inc. purchased a new stake in shares of Pointer Telocation during the 2nd quarter valued at $389,000. Finally, Cannell Capital LLC purchased a new stake in shares of Pointer Telocation during the 2nd quarter valued at $1,739,000. Hedge funds and other institutional investors own 19.94% of the company’s stock.

PNTR stock traded down $0.05 on Thursday, reaching $12.85. 5,157 shares of the company traded hands, compared to its average volume of 19,551. The firm has a market cap of $106.12 million, a PE ratio of 11.97 and a beta of 0.98. Pointer Telocation has a one year low of $10.25 and a one year high of $19.65. The company has a quick ratio of 1.31, a current ratio of 1.61 and a debt-to-equity ratio of 0.05.

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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Earnings History and Estimates for Pointer Telocation (NASDAQ:PNTR)

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