Pioneer Power Solutions (NASDAQ:PPSI) Announces Earnings Results, Misses Estimates By $0.11 EPS

by · The Cerbat Gem

Pioneer Power Solutions (NASDAQ:PPSI – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11), FiscalAI reports. The business had revenue of $4.27 million for the quarter, compared to the consensus estimate of $4.70 million. Pioneer Power Solutions had a negative return on equity of 20.22% and a negative net margin of 21.71%.

Pioneer Power Solutions Price Performance

Shares of PPSI stock traded down $0.18 during trading on Friday, hitting $3.98. The company had a trading volume of 195,562 shares, compared to its average volume of 301,738. Pioneer Power Solutions has a one year low of $2.35 and a one year high of $5.70. The firm has a market capitalization of $44.18 million, a P/E ratio of -8.65 and a beta of 1.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 5.23. The stock’s 50-day moving average price is $3.36 and its 200 day moving average price is $3.91.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Pioneer Power Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Pioneer Power Solutions currently has a consensus rating of “Hold” and an average target price of $7.00.

View Our Latest Stock Report on PPSI

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Group One Trading LLC raised its position in Pioneer Power Solutions by 1,860.3% during the third quarter. Group One Trading LLC now owns 11,762 shares of the company’s stock valued at $51,000 after purchasing an additional 11,162 shares in the last quarter. XTX Topco Ltd acquired a new position in Pioneer Power Solutions during the second quarter valued at approximately $55,000. Legacy Advisors LLC acquired a new position in Pioneer Power Solutions during the third quarter valued at approximately $69,000. NewEdge Advisors LLC acquired a new position in Pioneer Power Solutions during the third quarter valued at approximately $94,000. Finally, State Street Corp raised its position in Pioneer Power Solutions by 12.6% during the fourth quarter. State Street Corp now owns 34,028 shares of the company’s stock valued at $161,000 after purchasing an additional 3,800 shares in the last quarter. 10.92% of the stock is currently owned by institutional investors and hedge funds.

Pioneer Power Solutions Company Profile

(Get Free Report)

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.

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