Pointer Telocation (PNTR) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Pointer Telocation (NASDAQ:PNTR) issued its quarterly earnings results on Thursday. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01), Morningstar.com reports. The business had revenue of $18.26 million during the quarter, compared to analyst estimates of $18.47 million. Pointer Telocation had a net margin of 8.91% and a return on equity of 12.99%.

Shares of NASDAQ:PNTR opened at $14.30 on Friday. The stock has a market capitalization of $117.67 million, a PE ratio of 14.02 and a beta of 0.47. Pointer Telocation has a 52-week low of $10.25 and a 52-week high of $16.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.48 and a current ratio of 1.85.

PNTR has been the topic of several research analyst reports. HC Wainwright downgraded Pointer Telocation from a “buy” rating to a “neutral” rating and set a $15.72 price target on the stock. in a research report on Tuesday, March 26th. B. Riley reaffirmed a “neutral” rating and issued a $15.00 price target (down from $20.50) on shares of Pointer Telocation in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.91.

Several large investors have recently modified their holdings of PNTR. Boston Partners bought a new position in Pointer Telocation during the fourth quarter valued at about $464,000. BlackRock Inc. bought a new position in Pointer Telocation during the fourth quarter valued at about $251,000. Van ECK Associates Corp raised its holdings in Pointer Telocation by 41.4% during the fourth quarter. Van ECK Associates Corp now owns 2,786 shares of the communications equipment provider’s stock valued at $34,000 after buying an additional 816 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in Pointer Telocation by 3.3% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 472,288 shares of the communications equipment provider’s stock valued at $5,738,000 after buying an additional 15,000 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Pointer Telocation during the first quarter valued at about $28,000. 26.93% of the stock is currently owned by institutional investors.

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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 for Pointer Telocation (NASDAQ:PNTR)

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