Analysts expect that Pointer Telocation Ltd (NASDAQ:PNTR) will report sales of $20.14 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Pointer Telocation’s earnings. The lowest sales estimate is $19.52 million and the highest is $20.91 million. Pointer Telocation posted sales of $17.40 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.7%. The company is scheduled to report its next quarterly earnings report on Thursday, March 1st.
On average, analysts expect that Pointer Telocation will report full year sales of $20.14 million for the current financial year, with estimates ranging from $78.83 million to $80.22 million. For the next year, analysts forecast that the company will post sales of $84.07 million per share, with estimates ranging from $82.31 million to $87.52 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Pointer Telocation.
Pointer Telocation (NASDAQ:PNTR) last posted its quarterly earnings results on Wednesday, November 15th. The communications equipment provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.06. Pointer Telocation had a return on equity of 18.11% and a net margin of 7.71%.
A number of research firms recently commented on PNTR. ValuEngine upgraded Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research note on Friday. HC Wainwright set a $18.00 price target on Pointer Telocation and gave the stock a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research downgraded Pointer Telocation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 18th. B. Riley reiterated a “buy” rating and issued a $20.00 price target on shares of Pointer Telocation in a research note on Thursday, November 16th. Finally, Roth Capital restated a “neutral” rating and issued a $16.00 target price on shares of Pointer Telocation in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $17.80.
A number of hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC boosted its stake in Pointer Telocation by 8.1% in the fourth quarter. Acadian Asset Management LLC now owns 67,842 shares of the communications equipment provider’s stock valued at $1,262,000 after acquiring an additional 5,085 shares during the period. Bank of Montreal Can boosted its stake in Pointer Telocation by 2,592.7% in the fourth quarter. Bank of Montreal Can now owns 8,078 shares of the communications equipment provider’s stock valued at $150,000 after acquiring an additional 7,778 shares during the period. Cavalier Investments LLC acquired a new position in Pointer Telocation in the third quarter valued at approximately $285,000. Finally, Macquarie Group Ltd. acquired a new position in Pointer Telocation in the third quarter valued at approximately $354,000. Institutional investors own 9.34% of the company’s stock.
Pointer Telocation (NASDAQ PNTR) opened at $17.95 on Friday. The company has a market capitalization of $151.64 and a PE ratio of 24.93. Pointer Telocation has a 52 week low of $7.60 and a 52 week high of $19.65. The company has a quick ratio of 1.13, a current ratio of 1.42 and a debt-to-equity ratio of 0.12.
ILLEGAL ACTIVITY NOTICE: “$20.14 Million in Sales Expected for Pointer Telocation Ltd (PNTR) This Quarter” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/03/20-14-million-in-sales-expected-for-pointer-telocation-ltd-pntr-this-quarter.html.
Pointer Telocation Company Profile
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.
Get a free copy of the Zacks research report on Pointer Telocation (PNTR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pointer Telocation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pointer Telocation and related companies with MarketBeat.com's FREE daily email newsletter.