Powerfleet (AIOT) Scheduled to Post Quarterly Earnings on Tuesday

Powerfleet (NASDAQ:AIOT) will be issuing its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Powerfleet (NASDAQ:AIOT) last posted its earnings results on Thursday, August 22nd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.13). The company had revenue of $75.43 million during the quarter, compared to analyst estimates of $71.13 million. On average, analysts expect Powerfleet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Powerfleet Stock Performance

Powerfleet stock opened at $5.40 on Friday. The stock’s 50 day moving average is $5.04. Powerfleet has a one year low of $1.91 and a one year high of $5.81. The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.29.

Wall Street Analyst Weigh In

Separately, Barrington Research reaffirmed an “outperform” rating and set a $10.00 price target on shares of Powerfleet in a report on Thursday, October 3rd.

About Powerfleet

PowerFleet, Inc provides wireless Internet-of-Things asset management solutions in the United States, Israel, and internationally. The company offers real-time intelligence for organizations to capture IoT data from various types of assets with devices and sensors to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise management systems and third-party applications.