Analysts expect Cardtronics PLC (NASDAQ:CATM) to report $331.92 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Cardtronics’ earnings, with the lowest sales estimate coming in at $322.42 million and the highest estimate coming in at $337.04 million. Cardtronics posted sales of $340.99 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.7%. The firm is expected to report its next earnings results after the market closes on Thursday, August 1st.
According to Zacks, analysts expect that Cardtronics will report full year sales of $1.34 billion for the current fiscal year, with estimates ranging from $1.32 billion to $1.36 billion. For the next year, analysts expect that the business will post sales of $1.39 billion, with estimates ranging from $1.37 billion to $1.42 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Cardtronics.
Cardtronics (NASDAQ:CATM) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. The business had revenue of $318.30 million for the quarter, compared to analysts’ expectations of $310.99 million. Cardtronics had a net margin of 0.81% and a return on equity of 20.70%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share.
A number of research analysts have weighed in on the stock. Wells Fargo & Co set a $14.00 target price on shares of Osmotica Pharmaceuticals and gave the company a “buy” rating in a research note on Thursday, March 28th. DA Davidson assumed coverage on shares of Cardtronics in a research note on Thursday, May 30th. They issued a “buy” rating on the stock. ValuEngine cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Barrington Research set a $68.00 target price on shares of WNS and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Finally, Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $40.25.
CATM traded down $0.07 during midday trading on Friday, reaching $28.16. The company had a trading volume of 338,864 shares, compared to its average volume of 430,070. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $1.30 billion, a PE ratio of 14.98, a PEG ratio of 4.00 and a beta of 1.23. Cardtronics has a 12-month low of $23.57 and a 12-month high of $39.10. The business’s 50-day moving average price is $28.47.
Several hedge funds have recently made changes to their positions in CATM. Bank of New York Mellon Corp lifted its stake in shares of Cardtronics by 25.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,715,224 shares of the business services provider’s stock valued at $70,597,000 after buying an additional 557,850 shares in the last quarter. Norges Bank purchased a new stake in shares of Cardtronics during the 4th quarter valued at approximately $13,467,000. Cortina Asset Management LLC lifted its stake in shares of Cardtronics by 111.3% during the 2nd quarter. Cortina Asset Management LLC now owns 390,593 shares of the business services provider’s stock valued at $10,671,000 after buying an additional 205,735 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Cardtronics by 8.5% during the 1st quarter. Clearbridge Investments LLC now owns 2,008,352 shares of the business services provider’s stock valued at $71,457,000 after buying an additional 157,579 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Cardtronics during the 2nd quarter valued at approximately $2,210,000.
Cardtronics plc provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The company offers cash dispensing and balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, financial institutions, and operators of facilities, such as shopping malls, airports, and train stations.
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