Brokers Issue Forecasts for USA Technologies, Inc.’s Q3 2018 Earnings (USAT)

USA Technologies, Inc. (NASDAQ:USAT) – Research analysts at William Blair raised their Q3 2018 earnings per share (EPS) estimates for USA Technologies in a research report issued on Wednesday. William Blair analyst R. Napoli now anticipates that the technology company will earn $0.02 per share for the quarter, up from their prior forecast of $0.01. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for USA Technologies’ FY2019 earnings at $0.23 EPS.

A number of other research analysts have also recently commented on the company. Zacks Investment Research upgraded USA Technologies from a “hold” rating to a “strong-buy” rating and set a $7.75 price target for the company in a research note on Saturday. Northland Securities reiterated a “buy” rating and issued a $7.25 price target on shares of USA Technologies in a research note on Tuesday, September 5th. BidaskClub cut USA Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, ValuEngine upgraded USA Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $7.50.

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Shares of USA Technologies (NASDAQ USAT) traded up $0.50 on Monday, hitting $7.55. The stock had a trading volume of 717,600 shares, compared to its average volume of 287,319. USA Technologies has a one year low of $3.55 and a one year high of $7.60. The company has a market cap of $378.98, a PE ratio of 352.50 and a beta of 0.87. The company has a quick ratio of 2.38, a current ratio of 2.67 and a debt-to-equity ratio of 0.01.

USA Technologies (NASDAQ:USAT) last released its earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.01. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%. The firm had revenue of $25.62 million during the quarter, compared to analysts’ expectations of $25.87 million.

Several institutional investors and hedge funds have recently made changes to their positions in USAT. Bank of New York Mellon Corp raised its position in USA Technologies by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 123,665 shares of the technology company’s stock worth $643,000 after purchasing an additional 1,540 shares during the last quarter. Teachers Advisors LLC raised its position in USA Technologies by 4.1% during the 2nd quarter. Teachers Advisors LLC now owns 66,813 shares of the technology company’s stock worth $347,000 after purchasing an additional 2,620 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in USA Technologies by 2.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 105,852 shares of the technology company’s stock worth $550,000 after purchasing an additional 2,692 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in USA Technologies by 17.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock worth $181,000 after purchasing an additional 5,263 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in USA Technologies by 10.6% during the 3rd quarter. California State Teachers Retirement System now owns 76,270 shares of the technology company’s stock worth $477,000 after purchasing an additional 7,300 shares during the last quarter. Institutional investors own 39.27% 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.

Earnings History and Estimates for USA Technologies (NASDAQ:USAT)

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