Powerfleet (AIOT) to Release Earnings on Monday

Powerfleet (NASDAQ:AIOT - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Monday, February 10th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $99.43 million for the quarter. Powerfleet has set its FY 2025 guidance at EPS.Parties that wish to register for the company's conference call can do so using this link.

Powerfleet (NASDAQ:AIOT - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $77.02 million for the quarter, compared to analysts' expectations of $74.54 million. During the same period in the previous year, the business earned ($0.14) EPS. On average, analysts expect Powerfleet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Powerfleet Stock Up 1.8 %

NASDAQ:AIOT traded up $0.11 during trading hours on Thursday, reaching $6.10. 1,678,635 shares of the stock were exchanged, compared to its average volume of 1,782,872. Powerfleet has a twelve month low of $2.85 and a twelve month high of $7.38. The company has a quick ratio of 1.51, a current ratio of 1.71 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average of $6.45 and a two-hundred day moving average of $5.60.

Insiders Place Their Bets

In other news, insider Catherine J. Lewis sold 82,010 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $7.05, for a total transaction of $578,170.50. Following the completion of the transaction, the insider now directly owns 240,962 shares of the company's stock, valued at approximately $1,698,782.10. The trade was a 25.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AIOT shares. William Blair restated an "outperform" rating on shares of Powerfleet in a report on Thursday, November 21st. Barrington Research reissued an "outperform" rating and issued a $15.00 price objective on shares of Powerfleet in a research note on Thursday. Finally, Northland Securities increased their target price on shares of Powerfleet from $8.00 to $10.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd.

Powerfleet Company Profile

PowerFleet, Inc engages in the provision of fleet management solutions for logistics, industrial, and vehicles. It offers wireless Internet of Things and machine to machine solutions for securing, controlling, tracking, and managing enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicle and truck fleets.