Pointer Telocation Ltd (PNTR) Expected to Announce Quarterly Sales of $19.34 Million

Equities research analysts forecast that Pointer Telocation Ltd (NASDAQ:PNTR) will announce sales of $19.34 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Pointer Telocation’s earnings, with the highest sales estimate coming in at $19.80 million and the lowest estimate coming in at $18.87 million. Pointer Telocation posted sales of $20.88 million in the same quarter last year, which would suggest a negative year over year growth rate of 7.4%. The company is expected to announce its next earnings report on Tuesday, May 21st.

On average, analysts expect that Pointer Telocation will report full-year sales of $86.97 million for the current fiscal year, with estimates ranging from $82.02 million to $92.45 million. For the next year, analysts expect that the business will report sales of $101.77 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Pointer Telocation.

Pointer Telocation (NASDAQ:PNTR) last released its earnings results on Thursday, February 28th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.10). Pointer Telocation had a return on equity of 12.99% and a net margin of 8.91%.

A number of equities research analysts have issued reports on PNTR shares. ValuEngine upgraded shares of Pointer Telocation from a “sell” rating to a “hold” rating in a report on Friday, December 7th. Zacks Investment Research upgraded shares of Pointer Telocation from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. Finally, HC Wainwright set a $25.00 target price on shares of Pointer Telocation and gave the stock a “buy” rating in a report on Wednesday, December 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Pointer Telocation currently has a consensus rating of “Hold” and an average price target of $16.57.

Institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its holdings in shares of Pointer Telocation by 41.4% in the 4th quarter. Van ECK Associates Corp now owns 2,786 shares of the communications equipment provider’s stock valued at $34,000 after purchasing an additional 816 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Pointer Telocation in the 4th quarter valued at $251,000. First Wilshire Securities Management Inc. raised its holdings in shares of Pointer Telocation by 74.7% in the 3rd quarter. First Wilshire Securities Management Inc. now owns 31,875 shares of the communications equipment provider’s stock valued at $414,000 after purchasing an additional 13,629 shares in the last quarter. Boston Partners acquired a new stake in shares of Pointer Telocation in the 4th quarter valued at $464,000. Finally, B. Riley Financial Inc. raised its holdings in shares of Pointer Telocation by 22.7% in the 3rd quarter. B. Riley Financial Inc. now owns 39,751 shares of the communications equipment provider’s stock valued at $516,000 after purchasing an additional 7,364 shares in the last quarter. Institutional investors own 23.08% of the company’s stock.

Pointer Telocation stock opened at $15.45 on Friday. The company has a market cap of $125.61 million, a price-to-earnings ratio of 15.15 and a beta of 0.51. Pointer Telocation has a 52-week low of $10.25 and a 52-week high of $16.16. The company has a current ratio of 1.85, a quick ratio of 1.48 and a debt-to-equity ratio of 0.04.

Pointer Telocation Company Profile

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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