B. Riley Research Analysts Lower Earnings Estimates for Pointer Telocation Ltd (PNTR)
Pointer Telocation Ltd (NASDAQ:PNTR) – Analysts at B. Riley reduced their Q1 2018 earnings estimates for shares of Pointer Telocation in a note issued to investors on Wednesday. B. Riley analyst J. Nichols now expects that the communications equipment provider will earn $0.21 per share for the quarter, down from their previous estimate of $0.24. B. Riley has a “Buy” rating and a $20.00 price objective on the stock. B. Riley also issued estimates for Pointer Telocation’s Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $0.95 EPS.
Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings results on Tuesday, February 27th. The communications equipment provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $18.85 million during the quarter, compared to analyst estimates of $20.14 million. Pointer Telocation had a return on equity of 14.86% and a net margin of 9.31%.
Shares of Pointer Telocation (NASDAQ:PNTR) opened at $15.60 on Friday. The company has a market capitalization of $126.14, a price-to-earnings ratio of 21.37 and a beta of 0.85. Pointer Telocation has a 12-month low of $8.50 and a 12-month high of $19.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.44 and a quick ratio of 1.13.
Several institutional investors have recently made changes to their positions in PNTR. Bank of Montreal Can increased its position in shares of Pointer Telocation by 2,592.7% during the 4th quarter. Bank of Montreal Can now owns 8,078 shares of the communications equipment provider’s stock valued at $150,000 after purchasing an additional 7,778 shares during the last quarter. ARK Investment Management LLC purchased a new stake in shares of Pointer Telocation during the 4th quarter valued at $279,000. Cavalier Investments LLC purchased a new stake in shares of Pointer Telocation during the 3rd quarter valued at $285,000. Navellier & Associates Inc purchased a new stake in shares of Pointer Telocation during the 4th quarter valued at $312,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Pointer Telocation during the 3rd quarter valued at $354,000. 9.04% of the stock is owned by hedge funds and other institutional investors.
About Pointer Telocation
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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