Powerfleet (AIOT) Expected to Announce Earnings on Monday

Powerfleet (NASDAQ:AIOT) will likely be posting its quarterly earnings results before the market opens on Monday, February 10th. Analysts expect Powerfleet to post earnings of $0.02 per share and revenue of $99.43 million for the quarter. Powerfleet has set its FY 2025 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Powerfleet (NASDAQ:AIOT) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $77.02 million for the quarter, compared to analysts’ expectations of $74.54 million. During the same quarter last year, the firm 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 Trading Down 2.5 %

AIOT stock opened at $5.95 on Friday. The firm’s 50-day moving average price is $6.43 and its two-hundred day moving average price is $5.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.51 and a current ratio of 1.71. Powerfleet has a 12-month low of $2.85 and a 12-month high of $7.38.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AIOT shares. William Blair reaffirmed an “outperform” rating on shares of Powerfleet in a research note on Thursday, November 21st. Barrington Research reissued an “outperform” rating and set a $15.00 price objective on shares of Powerfleet in a research note on Thursday. Finally, Northland Securities boosted their price objective on shares of Powerfleet from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd.

Insider Buying and Selling

In other news, insider Catherine J. Lewis sold 82,010 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $7.05, for a total value of $578,170.50. Following the transaction, the insider now owns 240,962 shares in the company, valued at approximately $1,698,782.10. This represents a 25.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 7.79% of the stock is currently owned by insiders.

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.