Points.com Inc. (NASDAQ:PCOM) Expected to Post Quarterly Sales of $111.75 Million

Brokerages predict that Points.com Inc. (NASDAQ:PCOMGet Rating) (TSE:PTS) will report sales of $111.75 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Points.com’s earnings. The lowest sales estimate is $108.80 million and the highest is $114.70 million. Points.com posted sales of $103.01 million in the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Points.com will report full year sales of $458.67 million for the current fiscal year, with estimates ranging from $437.90 million to $487.72 million. For the next financial year, analysts anticipate that the business will post sales of $535.82 million, with estimates ranging from $492.77 million to $578.87 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Points.com.

Points.com (NASDAQ:PCOMGet Rating) (TSE:PTS) last released its earnings results on Wednesday, March 9th. The information services provider reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Points.com had a negative net margin of 0.09% and a negative return on equity of 0.01%. The firm had revenue of $115.11 million during the quarter, compared to the consensus estimate of $115.00 million.

PCOM has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their target price on shares of Points.com from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, March 11th. StockNews.com began coverage on shares of Points.com in a research note on Friday. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of Points.com from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 20th. Barrington Research downgraded shares of Points.com from an “outperform” rating to an “underperform” rating in a research note on Monday, May 9th. Finally, Northland Securities downgraded shares of Points.com from an “outperform” rating to a “market perform” rating and set a $25.00 price objective for the company. in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.00.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in shares of Points.com by 68.4% during the first quarter. Acadian Asset Management LLC now owns 6,400 shares of the information services provider’s stock worth $116,000 after purchasing an additional 2,600 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Points.com during the first quarter worth $334,000. Ancora Advisors LLC lifted its position in shares of Points.com by 18.4% during the first quarter. Ancora Advisors LLC now owns 26,074 shares of the information services provider’s stock worth $397,000 after purchasing an additional 4,060 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Points.com by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 33,141 shares of the information services provider’s stock worth $613,000 after purchasing an additional 1,166 shares in the last quarter. Finally, CI Investments Inc. lifted its position in shares of Points.com by 37.2% during the first quarter. CI Investments Inc. now owns 166,000 shares of the information services provider’s stock worth $3,073,000 after purchasing an additional 45,000 shares in the last quarter. 60.43% of the stock is currently owned by institutional investors and hedge funds.

Points.com stock opened at $24.07 on Friday. Points.com has a 1 year low of $13.98 and a 1 year high of $24.72. The firm has a 50 day moving average price of $17.81 and a 200 day moving average price of $17.04. The company has a market cap of $359.68 million, a price-to-earnings ratio of 171.93 and a beta of 1.44.

Points.com Company Profile (Get Rating)

Points.com Inc provides technology solutions to loyalty industry in the United States, Europe, and internationally. It offers Currency Retailing for its members to get more of their currency, whenever they need it; Travel Accrual for its members to book any hotel, car, or activity and earn currency; Everyday Accrual for members to earn currency on day-to-day purchases; Travel Rewards for members to redeem their currency for hotel stays and car rentals; Everyday Rewards for members to redeem their currency for more than travel; and Currency Utility for members to do so much more with currency.

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