Brokerages Anticipate Pointer Telocation Ltd (PNTR) Will Post Quarterly Sales of $19.34 Million

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Brokerages predict that Pointer Telocation Ltd (NASDAQ:PNTR) will report $19.34 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Pointer Telocation’s earnings. The highest sales estimate is $19.80 million and the lowest is $18.87 million. Pointer Telocation reported sales of $20.88 million during the same quarter last year, which indicates a negative year-over-year growth rate of 7.4%. The firm is scheduled to announce its next earnings report on Tuesday, May 21st.

According to Zacks, analysts expect that Pointer Telocation will report full-year sales of $86.97 million for the current financial year, with estimates ranging from $82.02 million to $92.45 million. For the next year, analysts forecast that the company will report sales of $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 announced its quarterly earnings results on Thursday, February 28th. The communications equipment provider reported $0.18 EPS for the quarter, missing the Thomson Reuters’ 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%.

Several research analysts have recently commented on the stock. HC Wainwright restated a “buy” rating and set a $25.00 price target on shares of Pointer Telocation in a research note on Friday, November 16th. Zacks Investment Research downgraded shares of Pointer Telocation from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Finally, ValuEngine raised shares of Pointer Telocation from a “sell” rating to a “hold” rating in a report on Friday, December 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Pointer Telocation has a consensus rating of “Hold” and an average price target of $19.67.

Shares of PNTR traded up $0.12 during mid-day trading on Friday, hitting $15.82. 144,591 shares of the company’s stock were exchanged, compared to its average volume of 25,878. Pointer Telocation has a twelve month low of $10.25 and a twelve month high of $16.20. The firm has a market cap of $127.67 million, a price-to-earnings ratio of 15.51 and a beta of 0.50. The company has a quick ratio of 1.48, a current ratio of 1.85 and a debt-to-equity ratio of 0.04.

Several hedge funds and other institutional investors have recently bought and sold shares of PNTR. ARK Investment Management LLC boosted its holdings in shares of Pointer Telocation by 27.8% during the 3rd quarter. ARK Investment Management LLC now owns 45,757 shares of the communications equipment provider’s stock worth $595,000 after buying an additional 9,963 shares during the period. First Wilshire Securities Management Inc. boosted its holdings in shares of Pointer Telocation by 74.7% during the 3rd quarter. First Wilshire Securities Management Inc. now owns 31,875 shares of the communications equipment provider’s stock worth $414,000 after buying an additional 13,629 shares during the period. B. Riley Financial Inc. boosted its holdings in shares of Pointer Telocation by 22.7% during the 3rd quarter. B. Riley Financial Inc. now owns 39,751 shares of the communications equipment provider’s stock worth $516,000 after buying an additional 7,364 shares during the period. Boston Partners bought a new stake in shares of Pointer Telocation during the 4th quarter worth $464,000. Finally, BlackRock Inc. bought a new stake in shares of Pointer Telocation during the 4th quarter worth $251,000. 23.08% of the stock is owned by institutional investors and hedge funds.

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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