Brokerages Anticipate Pointer Telocation Ltd (NASDAQ:PNTR) Will Announce Quarterly Sales of $23.67 Million

Brokerages predict that Pointer Telocation Ltd (NASDAQ:PNTR) will report $23.67 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Pointer Telocation’s earnings. The highest sales estimate is $24.89 million and the lowest is $22.71 million. Pointer Telocation reported sales of $18.73 million during the same quarter last year, which indicates a positive year-over-year growth rate of 26.4%. The firm is scheduled to announce its next earnings report on Thursday, November 21st.

According to Zacks, analysts expect that Pointer Telocation will report full-year sales of $87.94 million for the current financial year, with estimates ranging from $85.75 million to $91.83 million. For the next year, analysts forecast that the company will report sales of $99.29 million, with estimates ranging from $96.80 million to $101.77 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Pointer Telocation.

Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings results on Thursday, August 15th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Pointer Telocation had a net margin of 6.39% and a return on equity of 10.32%. The firm had revenue of $21.44 million during the quarter, compared to analyst estimates of $20.85 million.

Several research analysts have issued reports on the stock. ValuEngine lowered shares of Pointer Telocation from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. B. Riley restated a “neutral” rating and set a $15.00 price target (down previously from $20.50) on shares of Pointer Telocation in a report on Wednesday, May 15th. Zacks Investment Research upgraded shares of Pointer Telocation from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, HC Wainwright reaffirmed a “hold” rating on shares of Pointer Telocation in a research report on Friday, May 24th.

Pointer Telocation stock traded down $0.01 during mid-day trading on Thursday, hitting $14.55. 2,300 shares of the stock were exchanged, compared to its average volume of 17,043. The company has a quick ratio of 1.46, a current ratio of 1.87 and a debt-to-equity ratio of 0.03. Pointer Telocation has a 12 month low of $11.11 and a 12 month high of $16.16. The firm’s fifty day simple moving average is $15.16 and its two-hundred day simple moving average is $14.84. The stock has a market capitalization of $118.40 million, a price-to-earnings ratio of 14.26 and a beta of 0.51.

Several hedge funds have recently made changes to their positions in the company. Chicago Capital Management LLC grew its position in shares of Pointer Telocation by 21.8% during the 2nd quarter. Chicago Capital Management LLC now owns 270,304 shares of the communications equipment provider’s stock worth $4,122,000 after buying an additional 48,458 shares during the period. Renaissance Technologies LLC grew its position in shares of Pointer Telocation by 4.8% during the 2nd quarter. Renaissance Technologies LLC now owns 250,241 shares of the communications equipment provider’s stock worth $3,816,000 after buying an additional 11,541 shares during the period. Delek Group Ltd. grew its position in shares of Pointer Telocation by 18.9% during the 1st quarter. Delek Group Ltd. now owns 210,750 shares of the communications equipment provider’s stock worth $3,280,000 after buying an additional 33,517 shares during the period. Rice Hall James & Associates LLC grew its position in shares of Pointer Telocation by 5.3% during the 2nd quarter. Rice Hall James & Associates LLC now owns 129,826 shares of the communications equipment provider’s stock worth $1,980,000 after buying an additional 6,578 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Pointer Telocation by 11.5% during the 1st quarter. Acadian Asset Management LLC now owns 94,244 shares of the communications equipment provider’s stock worth $1,474,000 after buying an additional 9,694 shares during the period. 28.06% of the stock is owned by institutional investors.

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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