Wall Street brokerages expect Cardtronics PLC (NASDAQ:CATM) to report sales of $308.44 million for the current quarter, Zacks reports. Six analysts have made estimates for Cardtronics’ earnings, with the highest sales estimate coming in at $327.81 million and the lowest estimate coming in at $298.70 million. Cardtronics reported sales of $357.57 million in the same quarter last year, which indicates a negative year over year growth rate of 13.7%. The company is scheduled to announce its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Cardtronics will report full-year sales of $308.44 million for the current fiscal year, with estimates ranging from $1.25 billion to $1.28 billion. For the next fiscal year, analysts expect that the company will report sales of $1.28 billion per share, with estimates ranging from $1.24 billion to $1.33 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Cardtronics.
Cardtronics (NASDAQ:CATM) last posted its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.18. The company had revenue of $363.00 million during the quarter, compared to analyst estimates of $340.23 million. Cardtronics had a positive return on equity of 29.93% and a negative net margin of 9.64%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.79 earnings per share.
CATM has been the subject of several research analyst reports. Zacks Investment Research lowered Cardtronics from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. BidaskClub raised Cardtronics from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 16th. Bank of America set a $19.00 price objective on Cardtronics and gave the company a “sell” rating in a research note on Wednesday, February 21st. Wells Fargo raised Cardtronics from a “market perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Wednesday, January 24th. Finally, SunTrust Banks lifted their price objective on Cardtronics to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.25.
In other news, EVP Joseph Bradley Nolan purchased 5,725 shares of the company’s stock in a transaction on Wednesday, March 7th. The stock was purchased at an average price of $26.16 per share, with a total value of $149,766.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hudson Executive Capital Lp purchased 322,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were purchased at an average cost of $23.32 per share, with a total value of $7,509,040.00. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Adams Diversified Equity Fund Inc. lifted its stake in Cardtronics by 20.1% during the fourth quarter. Adams Diversified Equity Fund Inc. now owns 33,500 shares of the business services provider’s stock worth $620,000 after purchasing an additional 5,600 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Cardtronics by 59.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 17,120 shares of the business services provider’s stock worth $394,000 after purchasing an additional 6,360 shares during the last quarter. Zions Bancorporation bought a new stake in Cardtronics during the third quarter worth about $157,000. Stoneridge Investment Partners LLC lifted its stake in Cardtronics by 48.2% during the fourth quarter. Stoneridge Investment Partners LLC now owns 21,373 shares of the business services provider’s stock worth $396,000 after purchasing an additional 6,947 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Cardtronics during the third quarter worth about $180,000.
CATM stock traded up $0.13 during trading hours on Friday, reaching $26.51. The company had a trading volume of 305,008 shares, compared to its average volume of 845,718. The company has a market capitalization of $1,204.80, a price-to-earnings ratio of -8.30, a price-to-earnings-growth ratio of 2.01 and a beta of 0.92. Cardtronics has a 12 month low of $15.80 and a 12 month high of $46.95. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 2.35.
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Cardtronics Company Profile
Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.
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