Analysts expect Pointer Telocation Ltd (NASDAQ:PNTR) to announce $19.34 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Pointer Telocation’s earnings, with the highest sales estimate coming in at $19.47 million and the lowest estimate coming in at $19.11 million. Pointer Telocation reported sales of $18.85 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The firm is expected to report its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Pointer Telocation will report full-year sales of $78.69 million for the current financial year, with estimates ranging from $78.46 million to $78.82 million. For the next financial year, analysts expect that the firm will report sales of $85.90 million, with estimates ranging from $82.02 million to $89.24 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Pointer Telocation.

Pointer Telocation (NASDAQ:PNTR) last announced its quarterly earnings data on Thursday, November 15th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.26. The business had revenue of $18.73 million during the quarter, compared to analysts’ expectations of $19.79 million. Pointer Telocation had a return on equity of 13.81% and a net margin of 21.23%.

A number of research analysts have issued reports on the company. Roth Capital set a $17.00 price objective on Pointer Telocation and gave the company a “buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research cut Pointer Telocation from a “hold” rating to a “sell” rating in a research note on Thursday, November 22nd. ValuEngine cut Pointer Telocation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 13th. Finally, HC Wainwright reiterated a “buy” rating and set a $25.00 price objective on shares of Pointer Telocation in a research note on Friday, November 16th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Pointer Telocation has an average rating of “Buy” and an average target price of $19.67.

Several hedge funds have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Pointer Telocation by 18.1% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 457,288 shares of the communications equipment provider’s stock worth $5,945,000 after purchasing an additional 70,000 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Pointer Telocation by 5.5% in the second quarter. Renaissance Technologies LLC now owns 250,300 shares of the communications equipment provider’s stock worth $3,004,000 after purchasing an additional 13,018 shares during the last quarter. Delek Group Ltd. raised its stake in shares of Pointer Telocation by 22.8% in the second quarter. Delek Group Ltd. now owns 175,746 shares of the communications equipment provider’s stock worth $2,109,000 after purchasing an additional 32,666 shares during the last quarter. Cannell Capital LLC purchased a new position in shares of Pointer Telocation in the second quarter worth $1,739,000. Finally, ARK Investment Management LLC raised its stake in shares of Pointer Telocation by 27.8% in the third quarter. ARK Investment Management LLC now owns 45,757 shares of the communications equipment provider’s stock worth $595,000 after purchasing an additional 9,963 shares during the last quarter. Hedge funds and other institutional investors own 20.23% of the company’s stock.

Shares of NASDAQ:PNTR opened at $11.85 on Wednesday. The firm has a market cap of $96.36 million, a price-to-earnings ratio of 10.58 and a beta of 0.92. Pointer Telocation has a 12-month low of $10.25 and a 12-month high of $19.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.79 and a quick ratio of 1.42.

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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