Brokerages Expect Pointer Telocation Ltd (PNTR) Will Announce Quarterly Sales of $20.85 Million

Wall Street analysts predict that Pointer Telocation Ltd (NASDAQ:PNTR) will post $20.85 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Pointer Telocation’s earnings, with estimates ranging from $19.94 million to $22.37 million. Pointer Telocation reported sales of $19.74 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The business is scheduled to report its next earnings results on Wednesday, August 21st.

On average, 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 fiscal year, analysts expect that the business will post 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 sell-side research analysts that cover Pointer Telocation.

Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings results on Thursday, May 23rd. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Pointer Telocation had a return on equity of 11.29% and a net margin of 7.66%. The company had revenue of $18.26 million for the quarter, compared to analysts’ expectations of $18.47 million.

Several brokerages have recently issued reports on PNTR. 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 research note on Wednesday, May 15th. HC Wainwright lowered shares of Pointer Telocation from a “buy” rating to a “neutral” rating and set a $15.72 price target for the company. in a research note on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Pointer Telocation has an average rating of “Hold” and a consensus target price of $15.91.

Several hedge funds have recently modified their holdings of PNTR. FNY Investment Advisers LLC purchased a new stake in shares of Pointer Telocation during the 1st quarter worth approximately $28,000. Van ECK Associates Corp grew its stake in 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 buying an additional 816 shares in the last quarter. BlackRock Inc. purchased a new position in Pointer Telocation in the 4th quarter valued at approximately $251,000. Boston Partners purchased a new position in Pointer Telocation in the 4th quarter valued at approximately $464,000. Finally, Menora Mivtachim Holdings LTD. grew its stake in Pointer Telocation by 2.9% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 30,277 shares of the communications equipment provider’s stock valued at $474,000 after buying an additional 842 shares in the last quarter. Institutional investors own 27.30% of the company’s stock.

Shares of PNTR stock opened at $14.72 on Friday. 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 $10.25 and a 12-month high of $16.16. The company has a market cap of $117.97 million, a PE ratio of 14.43 and a beta of 0.49.

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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