Pointer Telocation Ltd. (PNTR) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS
Pointer Telocation Ltd. (NASDAQ:PNTR) issued its quarterly earnings results on Thursday. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07. The company had revenue of $15.90 million for the quarter, compared to the consensus estimate of $15.41 million. Pointer Telocation had a net margin of 3.58% and a return on equity of 12.38%.
Shares of Pointer Telocation (NASDAQ:PNTR) traded up 2.04% during trading on Thursday, reaching $7.50. 7,625 shares of the company’s stock were exchanged. Pointer Telocation has a 12-month low of $4.97 and a 12-month high of $7.80. The company has a 50 day moving average of $7.49 and a 200 day moving average of $6.73. The stock has a market cap of $58.55 billion, a P/E ratio of 15.00 and a beta of 0.82.
Separately, Zacks Investment Research downgraded shares of Pointer Telocation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 26th.
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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