Pioneer Power Solutions (NASDAQ:PPSI) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Pioneer Power Solutions (NASDAQ:PPSI) issued its quarterly earnings results on Friday. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.03), FiscalAI reports. Pioneer Power Solutions had a negative net margin of 30.13% and a negative return on equity of 22.96%. The firm had revenue of $5.02 million during the quarter, compared to analysts’ expectations of $4.78 million.

Pioneer Power Solutions Stock Down 3.6%

Shares of NASDAQ PPSI traded down $0.11 during trading hours on Friday, hitting $2.91. The stock had a trading volume of 117,858 shares, compared to its average volume of 61,464. The firm’s 50-day moving average price is $3.55 and its two-hundred day moving average price is $3.73. Pioneer Power Solutions has a 52 week low of $2.35 and a 52 week high of $6.29. The company has a market capitalization of $32.30 million, a P/E ratio of -5.82 and a beta of 1.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.68.

Analysts Set New Price Targets

Several brokerages recently issued reports on PPSI. Wall Street Zen downgraded Pioneer Power Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Pioneer Power Solutions in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.

Institutional Trading of Pioneer Power Solutions

Several large investors have recently added to or reduced their stakes in the business. Group One Trading LLC increased its stake in shares of Pioneer Power Solutions by 1,860.3% during the 3rd quarter. Group One Trading LLC now owns 11,762 shares of the company’s stock worth $51,000 after purchasing an additional 11,162 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Pioneer Power Solutions by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 112,226 shares of the company’s stock worth $531,000 after purchasing an additional 3,099 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Pioneer Power Solutions by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 71,693 shares of the company’s stock worth $339,000 after purchasing an additional 6,143 shares in the last quarter. Renaissance Technologies LLC increased its position in Pioneer Power Solutions by 40.2% during the fourth quarter. Renaissance Technologies LLC now owns 34,700 shares of the company’s stock worth $164,000 after buying an additional 9,948 shares during the last quarter. Finally, State Street Corp raised its holdings in Pioneer Power Solutions by 12.6% during the fourth quarter. State Street Corp now owns 34,028 shares of the company’s stock valued at $161,000 after buying an additional 3,800 shares in the last quarter. 10.92% of the stock is owned by institutional investors.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.