Brokerages forecast that On Track Innovations Ltd (NASDAQ:OTIV) will post earnings per share (EPS) of ($0.01) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for On Track Innovations’ earnings. On Track Innovations also posted earnings of ($0.01) per share in the same quarter last year. The firm is expected to report its next earnings results on Wednesday, August 14th.
On average, analysts expect that On Track Innovations will report full year earnings of ($0.03) per share for the current fiscal year, with EPS estimates ranging from ($0.04) to ($0.02). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.03) to ($0.02). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for On Track Innovations.
On Track Innovations (NASDAQ:OTIV) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). On Track Innovations had a negative net margin of 8.31% and a negative return on equity of 23.63%. The company had revenue of $3.01 million during the quarter, compared to analyst estimates of $4.43 million.
Several brokerages recently issued reports on OTIV. Zacks Investment Research lowered shares of On Track Innovations from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. TheStreet lowered shares of On Track Innovations from a “c-” rating to a “d” rating in a research note on Monday, March 18th.
An institutional investor recently raised its position in On Track Innovations stock. Renaissance Technologies LLC raised its holdings in On Track Innovations Ltd (NASDAQ:OTIV) by 362.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,826 shares of the technology company’s stock after buying an additional 145,626 shares during the period. Renaissance Technologies LLC owned about 0.45% of On Track Innovations worth $118,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 5.86% of the company’s stock.
OTIV traded up $0.01 on Friday, reaching $0.49. The company had a trading volume of 19,422 shares, compared to its average volume of 101,652. On Track Innovations has a fifty-two week low of $0.47 and a fifty-two week high of $1.40. The firm has a market cap of $20.65 million, a P/E ratio of -9.80 and a beta of 1.34.
On Track Innovations Company Profile
On Track Innovations Ltd. designs, develops, and markets cashless payment solutions worldwide. It operates in two segments, Retail and Mass Transit Ticketing; and Petroleum. The company offers OTI UNO, a single interface and contactless reader that support the major card associations' applications, as well as wallets, such as Apple Pay, Google Pay, and Samsung Pay; OTI TRIO, a near-field communication and contactless reader, which offers three-in-one cashless payment card options comprising magnetic stripe (swipe), contact (chip), and contactless (tap); and OTI Interno, an original equipment manufacturer reader module with integrated antenna used for integration into mass transit validators and terminals.
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