Pioneer Power Solutions (PPSI) Posts Earnings Results, Beats Estimates By $0.68 EPS

Pioneer Power Solutions (PPSI) Posts  Earnings Results, Beats Estimates By $0.68 EPS

Pioneer Power Solutions (NASDAQ:PPSI) released its quarterly earnings data on Tuesday. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.68, MarketWatch Earnings reports. Pioneer Power Solutions had a positive return on equity of 42.90% and a negative net margin of 5.63%. The firm had revenue of $24.70 million during the quarter.

NASDAQ PPSI opened at $5.01 on Thursday. The firm has a market cap of $44.85 million, a P/E ratio of 7.37 and a beta of 1.39. The company has a current ratio of 0.90, a quick ratio of 0.37 and a debt-to-equity ratio of 0.22. Pioneer Power Solutions has a fifty-two week low of $4.40 and a fifty-two week high of $6.05.

PPSI has been the topic of several research analyst reports. Zacks Investment Research raised Pioneer Power Solutions from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research report on Wednesday, January 30th. ValuEngine upgraded Pioneer Power Solutions from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 13th.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc, together with its subsidiaries, manufactures, sells, and services specialty electrical transmission, distribution, and on-site power generation equipment in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions.

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