Powerfleet (AIOT) to Release Quarterly Earnings on Monday

Powerfleet (NASDAQ:AIOT) is anticipated to post 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.Investors that are interested in participating in the company’s conference call can do so using this link.

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

Powerfleet Stock Down 3.3 %

Shares of AIOT stock opened at $5.91 on Monday. The business’s 50 day simple moving average is $6.52 and its 200 day simple moving average is $5.58. The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.25. Powerfleet has a one year low of $2.85 and a one year high of $7.38.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AIOT shares. William Blair reiterated an “outperform” rating on shares of Powerfleet in a research report on Thursday, November 21st. Barrington Research increased their price target on Powerfleet from $10.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, Northland Securities upped their target price on Powerfleet from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd.

Insider Buying and Selling at Powerfleet

In other news, insider Catherine J. Lewis sold 82,010 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $7.05, for a total value of $578,170.50. Following the completion of the sale, the insider now directly owns 240,962 shares in the company, valued at $1,698,782.10. This trade represents a 25.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 7.79% of the company’s stock.

About Powerfleet

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.