-$0.01 Earnings Per Share Expected for On Track Innovations Ltd (OTIV) This Quarter

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Equities research analysts expect that On Track Innovations Ltd (NASDAQ:OTIV) will announce earnings per share of ($0.01) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for On Track Innovations’ earnings. On Track Innovations also posted earnings per share of ($0.01) in the same quarter last year. The business is scheduled to issue its next earnings results on Wednesday, March 20th.

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 ($0.03) to ($0.02). For the next financial year, analysts forecast that the company will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.02) to ($0.01). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow On Track Innovations.

On Track Innovations (NASDAQ:OTIV) last posted its earnings results on Wednesday, August 8th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $6.15 million during the quarter, compared to the consensus estimate of $6.20 million. On Track Innovations had a negative net margin of 5.90% and a negative return on equity of 9.03%.

Separately, Taglich Brothers began coverage on shares of On Track Innovations in a research report on Thursday, October 25th. They set a “speculative buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $2.00.

NASDAQ OTIV opened at $0.86 on Wednesday. On Track Innovations has a 1 year low of $0.81 and a 1 year high of $2.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.54 and a quick ratio of 1.28.

A hedge fund recently bought a new stake in On Track Innovations stock. Essex Investment Management Co. LLC acquired a new position in On Track Innovations Ltd (NASDAQ:OTIV) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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 as of its most recent filing with the Securities & Exchange Commission. 3.09% of the stock is owned by institutional investors.

About On Track Innovations

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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