Equities analysts predict that Cardtronics PLC (NASDAQ:CATM) will post $0.70 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Cardtronics’ earnings. The highest EPS estimate is $0.76 and the lowest is $0.64. Cardtronics posted earnings of $0.62 per share in the same quarter last year, which indicates a positive year over year growth rate of 12.9%. The business is scheduled to report its next quarterly earnings results on Thursday, November 7th.
According to Zacks, analysts expect that Cardtronics will report full-year earnings of $2.32 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.35. For the next year, analysts forecast that the firm will report earnings of $2.53 per share, with EPS estimates ranging from $2.38 to $2.64. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Cardtronics.
Cardtronics (NASDAQ:CATM) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.25. Cardtronics had a net margin of 1.32% and a return on equity of 21.88%. The business had revenue of $340.80 million during the quarter, compared to analyst estimates of $331.84 million. During the same period in the previous year, the business posted $0.61 earnings per share. Cardtronics’s revenue for the quarter was down .1% on a year-over-year basis.
Several research analysts have commented on CATM shares. Zacks Investment Research raised shares of Cardtronics from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, August 6th. Barrington Research reissued a “buy” rating and set a $40.00 price target on shares of Cardtronics in a research note on Friday, August 2nd. BidaskClub downgraded shares of Cardtronics from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine downgraded shares of Cardtronics from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Finally, DA Davidson started coverage on shares of Cardtronics in a research note on Thursday, May 30th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $40.00.
In related news, insider Stuart Mackinnon sold 10,000 shares of Cardtronics stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $33.43, for a total value of $334,300.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Dan Antilley sold 3,000 shares of Cardtronics stock in a transaction on Friday, August 9th. The stock was sold at an average price of $32.49, for a total transaction of $97,470.00. The disclosure for this sale can be found here. Insiders have sold 14,200 shares of company stock worth $471,850 over the last three months. Insiders own 18.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CATM. US Bancorp DE increased its stake in shares of Cardtronics by 18.5% in the second quarter. US Bancorp DE now owns 3,137 shares of the business services provider’s stock worth $85,000 after buying an additional 490 shares during the period. NumerixS Investment Technologies Inc increased its stake in shares of Cardtronics by 275.0% in the second quarter. NumerixS Investment Technologies Inc now owns 4,500 shares of the business services provider’s stock worth $123,000 after buying an additional 3,300 shares during the period. Bank of Montreal Can increased its stake in shares of Cardtronics by 15.2% in the first quarter. Bank of Montreal Can now owns 4,144 shares of the business services provider’s stock worth $148,000 after buying an additional 547 shares during the period. AlphaOne Investment Services LLC increased its stake in shares of Cardtronics by 457.9% in the second quarter. AlphaOne Investment Services LLC now owns 5,992 shares of the business services provider’s stock worth $164,000 after buying an additional 4,918 shares during the period. Finally, CWM Advisors LLC increased its stake in shares of Cardtronics by 30.4% in the second quarter. CWM Advisors LLC now owns 7,482 shares of the business services provider’s stock worth $204,000 after buying an additional 1,744 shares during the period.
Cardtronics stock traded down $0.46 during mid-day trading on Thursday, hitting $30.14. 200,938 shares of the company traded hands, compared to its average volume of 391,358. Cardtronics has a one year low of $23.57 and a one year high of $37.41. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 3.82 and a beta of 1.32. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.71 and a current ratio of 0.73. The stock has a fifty day moving average price of $30.17 and a 200-day moving average price of $31.22.
Cardtronics Company Profile
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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