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

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Brokerages predict that Pointer Telocation Ltd (NASDAQ:PNTR) will announce sales of $19.34 million for the current quarter, Zacks reports. Two analysts have provided estimates for Pointer Telocation’s earnings, with the lowest sales estimate coming in at $18.87 million and the highest estimate coming in at $19.80 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 expected to issue its next earnings results 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 firm will post sales of $101.77 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Pointer Telocation.

Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings results on Thursday, February 28th. The communications equipment provider reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.08). The firm had revenue of $18.43 million for the quarter, compared to analyst estimates of $19.34 million. Pointer Telocation had a net margin of 8.91% and a return on equity of 12.99%.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Pointer Telocation from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th. HC Wainwright downgraded shares of Pointer Telocation from a “buy” rating to a “neutral” rating and set a $15.72 price target on the stock. in a research report on Tuesday, March 26th.

A number of large investors have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Pointer Telocation by 3.3% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 472,288 shares of the communications equipment provider’s stock worth $5,738,000 after buying an additional 15,000 shares in the last quarter. B. Riley Financial Inc. raised its position 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 in the last quarter. Boston Partners bought a new stake in shares of Pointer Telocation during the 4th quarter worth about $464,000. BlackRock Inc. bought a new stake in shares of Pointer Telocation during the 4th quarter worth about $251,000. Finally, Van ECK Associates Corp raised its position in shares of Pointer Telocation by 41.4% during the 4th quarter. Van ECK Associates Corp now owns 2,786 shares of the communications equipment provider’s stock worth $34,000 after buying an additional 816 shares in the last quarter. Hedge funds and other institutional investors own 23.08% of the company’s stock.

Shares of PNTR stock opened at $15.43 on Monday. The firm has a market cap of $125.48 million, a price-to-earnings ratio of 15.13 and a beta of 0.51. The company has a quick ratio of 1.48, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. Pointer Telocation has a 1-year low of $10.25 and a 1-year high of $16.16.

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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