Wall Street analysts expect that USA Technologies, Inc. (NASDAQ:USAT) will report sales of $38.09 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for USA Technologies’ earnings, with the lowest sales estimate coming in at $36.54 million and the highest estimate coming in at $40.10 million. USA Technologies reported sales of $26.46 million during the same quarter last year, which indicates a positive year over year growth rate of 44%. The firm is scheduled to issue its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that USA Technologies will report full-year sales of $38.09 million for the current fiscal year, with estimates ranging from $140.38 million to $141.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $175.09 million per share, with estimates ranging from $170.73 million to $179.46 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover USA Technologies.
USA Technologies (NASDAQ:USAT) last released its earnings results on Thursday, February 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. The firm had revenue of $32.51 million for the quarter, compared to analyst estimates of $31.38 million. USA Technologies had a positive return on equity of 2.18% and a negative net margin of 10.39%.
A number of analysts have commented on the company. Northland Securities set a $12.00 price objective on USA Technologies and gave the stock a “buy” rating in a research report on Monday, December 18th. Zacks Investment Research upgraded USA Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, BidaskClub downgraded USA Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $11.00.
Shares of USA Technologies (NASDAQ:USAT) traded down $0.10 during mid-day trading on Friday, hitting $8.10. The company’s stock had a trading volume of 320,633 shares, compared to its average volume of 514,038. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 1.05. USA Technologies has a 52 week low of $3.80 and a 52 week high of $10.10. The company has a market cap of $454.46, a P/E ratio of -33.75 and a beta of 0.65.
In other USA Technologies news, Director Albin F. Moschner sold 9,478 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $9.61, for a total value of $91,083.58. Following the completion of the sale, the director now owns 352,926 shares in the company, valued at approximately $3,391,618.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Albin F. Moschner sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $9.15, for a total value of $54,900.00. Following the completion of the sale, the director now owns 352,926 shares of the company’s stock, valued at approximately $3,229,272.90. The disclosure for this sale can be found here. Insiders sold a total of 94,901 shares of company stock valued at $864,577 in the last quarter. Corporate insiders own 4.38% of the company’s stock.
Several hedge funds have recently made changes to their positions in the business. Two Sigma Securities LLC bought a new position in shares of USA Technologies during the 4th quarter worth approximately $118,000. Prudential Financial Inc. bought a new position in shares of USA Technologies during the 3rd quarter worth approximately $121,000. Alliancebernstein L.P. bought a new position in shares of USA Technologies during the 2nd quarter worth approximately $130,000. New York State Common Retirement Fund lifted its position in shares of USA Technologies by 75.7% during the 2nd quarter. New York State Common Retirement Fund now owns 29,700 shares of the technology company’s stock worth $154,000 after buying an additional 12,799 shares during the period. Finally, Aperio Group LLC bought a new position in shares of USA Technologies during the 4th quarter worth approximately $156,000. Institutional investors own 57.50% of the company’s stock.
About USA Technologies
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.
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