Brokerages expect Pointer Telocation Ltd (NASDAQ:PNTR) to report $20.38 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Pointer Telocation’s earnings, with the lowest sales estimate coming in at $19.73 million and the highest estimate coming in at $20.72 million. Pointer Telocation posted sales of $20.23 million in the same quarter last year, which suggests a positive year over year growth rate of 0.7%. The business is scheduled to report its next earnings report on Wednesday, November 21st.

On average, analysts expect that Pointer Telocation will report full year sales of $82.48 million for the current fiscal year, with estimates ranging from $80.82 million to $83.60 million. For the next fiscal year, analysts expect that the business will post sales of $89.20 million per share, with estimates ranging from $84.12 million to $94.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Pointer Telocation.

Pointer Telocation (NASDAQ:PNTR) last announced its earnings results on Wednesday, August 15th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Pointer Telocation had a return on equity of 14.66% and a net margin of 20.93%. The firm had revenue of $19.74 million for the quarter, compared to analyst estimates of $20.74 million.

A number of research analysts have recently issued reports on PNTR shares. Roth Capital set a $17.00 target price on Pointer Telocation and gave the company a “buy” rating in a research report on Wednesday, August 15th. HC Wainwright reiterated a “buy” rating and set a $25.00 target price on shares of Pointer Telocation in a research report on Thursday, August 16th. ValuEngine lowered Pointer Telocation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 13th. Finally, Zacks Investment Research lowered Pointer Telocation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Pointer Telocation currently has a consensus rating of “Hold” and an average price target of $19.75.

Several large investors have recently made changes to their positions in PNTR. Royal Bank of Canada raised its stake in Pointer Telocation by 2,955.2% in the 1st quarter. Royal Bank of Canada now owns 18,331 shares of the communications equipment provider’s stock valued at $267,000 after purchasing an additional 17,731 shares during the last quarter. ETF Managers Group LLC acquired a new position in Pointer Telocation in the 1st quarter valued at $113,000. Cannell Capital LLC acquired a new position in Pointer Telocation in the 2nd quarter valued at $1,739,000. Delek Group Ltd. raised its stake in Pointer Telocation by 22.8% in the 2nd quarter. Delek Group Ltd. now owns 175,746 shares of the communications equipment provider’s stock valued at $2,109,000 after purchasing an additional 32,666 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in Pointer Telocation in the 2nd quarter valued at $4,647,000. Hedge funds and other institutional investors own 19.94% of the company’s stock.

Shares of NASDAQ:PNTR remained flat at $$12.90 during midday trading on Friday. The stock had a trading volume of 1,024 shares, compared to its average volume of 16,674. Pointer Telocation has a 52-week low of $10.25 and a 52-week high of $19.65. The stock has a market cap of $104.50 million, a price-to-earnings ratio of 11.52 and a beta of 0.98. The company has a quick ratio of 1.31, a current ratio of 1.61 and a debt-to-equity ratio of 0.05.

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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Earnings History and Estimates for Pointer Telocation (NASDAQ:PNTR)

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