Pioneer Power Solutions (NASDAQ:PPSI) Issues Earnings Results, Misses Estimates By $0.03 EPS

by · The Markets Daily

Pioneer Power Solutions (NASDAQ:PPSI – Get Free Report) announced its quarterly earnings data on Friday. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03), FiscalAI reports. Pioneer Power Solutions had a negative net margin of 30.13% and a negative return on equity of 22.96%. The company had revenue of $5.02 million for the quarter, compared to analysts’ expectations of $4.78 million.

Pioneer Power Solutions Stock Down 3.6%

Shares of PPSI traded down $0.11 during trading hours on Friday, hitting $2.91. 117,858 shares of the company were exchanged, compared to its average volume of 156,498. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.68. The company has a market cap of $32.29 million, a PE ratio of -5.82 and a beta of 1.84. The firm’s 50 day moving average is $3.55 and its 200-day moving average is $3.73. Pioneer Power Solutions has a 52 week low of $2.35 and a 52 week high of $6.29.

Wall Street Analyst Weigh In

PPSI has been the subject of a number of research reports. Wall Street Zen lowered shares of Pioneer Power Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pioneer Power Solutions in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Pioneer Power Solutions has an average rating of “Hold” and an average target price of $7.00.

Read Our Latest Report on PPSI

Institutional Investors Weigh In On Pioneer Power Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in Pioneer Power Solutions during the fourth quarter worth approximately $65,000. State Street Corp raised its position in shares of Pioneer Power Solutions by 12.6% in 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 during the period. Renaissance Technologies LLC lifted its stake in shares of Pioneer Power Solutions by 40.2% in the fourth quarter. Renaissance Technologies LLC now owns 34,700 shares of the company’s stock worth $164,000 after buying an additional 9,948 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Pioneer Power Solutions by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 71,693 shares of the company’s stock worth $339,000 after buying an additional 6,143 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Pioneer Power Solutions by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 112,226 shares of the company’s stock worth $531,000 after buying an additional 3,099 shares during the period. 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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