Wall Street brokerages forecast that Pointer Telocation Ltd. (NASDAQ:PNTR) will announce earnings per share (EPS) of $0.22 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Pointer Telocation’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.24. Pointer Telocation posted earnings of $0.18 per share during the same quarter last year, which would indicate a positive year over year growth rate of 22.2%. The business is expected to report its next earnings results on Thursday, November 16th.

According to Zacks, analysts expect that Pointer Telocation will report full-year earnings of $0.87 per share for the current financial year, with EPS estimates ranging from $0.81 to $0.93. For the next financial year, analysts anticipate that the firm will report earnings of $1.10 per share, with EPS estimates ranging from $0.86 to $1.34. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Pointer Telocation.

Pointer Telocation (NASDAQ:PNTR) last issued its earnings results on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.11. The business had revenue of $20.04 million for the quarter, compared to analyst estimates of $18.23 million. Pointer Telocation had a return on equity of 17.02% and a net margin of 6.56%.

A number of equities research analysts have issued reports on PNTR shares. Roth Capital started coverage on shares of Pointer Telocation in a research note on Friday, July 7th. They set a “buy” rating and a $16.00 target price for the company. Zacks Investment Research raised shares of Pointer Telocation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 20th. ValuEngine raised shares of Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Rodman & Renshaw lifted their target price on shares of Pointer Telocation from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 19th. Finally, HC Wainwright set a $18.00 target price on shares of Pointer Telocation and gave the company a “buy” rating in a research note on Thursday, August 17th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Pointer Telocation currently has a consensus rating of “Buy” and a consensus price target of $17.06.

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its stake in shares of Pointer Telocation by 14.1% in the 1st quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock valued at $1,700,000 after purchasing an additional 23,800 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in shares of Pointer Telocation by 1.0% in the 2nd quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock valued at $579,000 after purchasing an additional 514 shares during the last quarter. Senvest Management LLC acquired a new stake in shares of Pointer Telocation in the 2nd quarter valued at $293,000. Eagle Global Advisors LLC lifted its stake in shares of Pointer Telocation by 28.1% in the 2nd quarter. Eagle Global Advisors LLC now owns 23,055 shares of the communications equipment provider’s stock valued at $267,000 after purchasing an additional 5,055 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Pointer Telocation by 70.1% in the 2nd quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock valued at $150,000 after purchasing an additional 5,327 shares during the last quarter. 7.86% of the stock is owned by institutional investors.

Shares of Pointer Telocation (NASDAQ PNTR) traded down 2.24% on Friday, hitting $15.30. The company had a trading volume of 38,009 shares. The company has a 50 day moving average of $13.32 and a 200-day moving average of $11.06. Pointer Telocation has a 12-month low of $6.78 and a 12-month high of $15.90. The company has a market cap of $122.06 million, a price-to-earnings ratio of 25.76 and a beta of 0.63.

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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.

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