Powerfleet (AIOT) to Release Quarterly Earnings on Monday

Powerfleet (NASDAQ:AIOT) is expected to announce its earnings results 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.Persons that are interested in registering for the company’s earnings 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 firm had revenue of $77.02 million for the quarter, compared to the consensus estimate of $74.54 million. During the same quarter in the previous year, the company 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 stock has a 50 day simple moving average of $6.52 and a 200 day simple moving average of $5.58. Powerfleet has a 1 year low of $2.85 and a 1 year high of $7.38. The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.25.

Analyst Upgrades and Downgrades

AIOT has been the topic of several analyst reports. Northland Securities increased their target price on Powerfleet from $8.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. William Blair reiterated an “outperform” rating on shares of Powerfleet in a research note on Thursday, November 21st. Finally, Barrington Research boosted their target price on shares of Powerfleet from $10.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd.

Insider Activity

In other Powerfleet news, insider Catherine J. Lewis sold 82,010 shares of Powerfleet 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 transaction, the insider now owns 240,962 shares in the company, valued at $1,698,782.10. The trade was a 25.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 7.79% of the company’s stock.

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.