Brokerages forecast that Pointer Telocation Ltd (NASDAQ:PNTR) will post $20.14 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Pointer Telocation’s earnings, with the lowest sales estimate coming in at $19.52 million and the highest estimate coming in at $20.91 million. Pointer Telocation posted sales of $17.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Pointer Telocation will report full year sales of $20.14 million for the current financial year, with estimates ranging from $78.83 million to $80.22 million. For the next fiscal year, analysts anticipate that the company will report sales of $82.89 million per share, with estimates ranging from $82.31 million to $83.98 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Pointer Telocation.

A number of research firms recently issued reports on PNTR. Zacks Investment Research cut Pointer Telocation from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Roth Capital reissued a “neutral” rating and set a $16.00 price objective on shares of Pointer Telocation in a research report on Monday, November 20th. B. Riley reissued a “buy” rating and set a $20.00 price objective on shares of Pointer Telocation in a research report on Thursday, November 16th. HC Wainwright set a $18.00 price objective on Pointer Telocation and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, TheStreet raised Pointer Telocation from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.80.

Pointer Telocation (NASDAQ:PNTR) traded up $0.40 on Thursday, reaching $18.10. The company had a trading volume of 28,202 shares, compared to its average volume of 21,361. The firm has a market capitalization of $145.41, a PE ratio of 16.92 and a beta of 0.73. Pointer Telocation has a 52-week low of $6.78 and a 52-week high of $18.94. The company has a current ratio of 1.42, a quick ratio of 1.13 and a debt-to-equity ratio of 0.12.

A number of hedge funds and other institutional investors have recently bought and sold shares of PNTR. Senvest Management LLC bought a new position in Pointer Telocation during the second quarter valued at about $293,000. Renaissance Technologies LLC increased its stake in shares of Pointer Telocation by 14.1% in the first quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock worth $1,700,000 after purchasing an additional 23,800 shares during the period. Macquarie Group Ltd. bought a new position in shares of Pointer Telocation in the third quarter worth about $354,000. Cavalier Investments LLC bought a new position in shares of Pointer Telocation in the third quarter worth about $285,000. Finally, Acadian Asset Management LLC increased its stake in shares of Pointer Telocation by 70.1% in the second quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock worth $150,000 after purchasing an additional 5,327 shares during the period. Institutional investors own 9.22% of the company’s stock.

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Pointer Telocation Company Profile

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

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