On Track Innovations Ltd Forecasted to Earn Q3 2018 Earnings of $0.00 Per Share (OTIV)

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On Track Innovations Ltd (NASDAQ:OTIV) – Equities researchers at Taglich Brothers issued their Q3 2018 earnings per share (EPS) estimates for shares of On Track Innovations in a report issued on Wednesday, October 24th. Taglich Brothers analyst J. Nobile expects that the technology company will earn $0.00 per share for the quarter. Taglich Brothers currently has a “Speculative Buy” rating on the stock. Taglich Brothers also issued estimates for On Track Innovations’ Q4 2018 earnings at ($0.01) EPS, FY2018 earnings at ($0.03) EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.00 EPS, Q4 2019 earnings at ($0.01) EPS and FY2019 earnings at ($0.02) EPS.

On Track Innovations (NASDAQ:OTIV) last posted its quarterly earnings results on Wednesday, August 8th. The technology company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $6.15 million during the quarter, compared to analysts’ expectations of $6.20 million. On Track Innovations had a negative return on equity of 12.27% and a negative net margin of 1.87%.

OTIV opened at $0.89 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.54 and a quick ratio of 1.28. The stock has a market capitalization of $36.53 million, a price-to-earnings ratio of -22.25 and a beta of 1.56. On Track Innovations has a 12 month low of $0.81 and a 12 month high of $2.94.

An institutional investor recently bought a new position in On Track Innovations stock. Essex Investment Management Co. LLC purchased a new stake in On Track Innovations Ltd (NASDAQ:OTIV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 183,024 shares of the technology company’s stock, valued at approximately $214,000. Essex Investment Management Co. LLC owned 0.44% of On Track Innovations at the end of the most recent reporting period. 3.14% of the stock is owned by hedge funds and other institutional investors.

On Track Innovations Company Profile

On Track Innovations Ltd. designs, develops, and markets cashless payment solutions worldwide. It operates through Retail and Mass Transit Ticketing; and Petroleum segments. 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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Earnings History and Estimates for On Track Innovations (NASDAQ:OTIV)

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