Wall Street analysts expect that Cardtronics PLC (NASDAQ:CATM) will report sales of $317.77 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Cardtronics’ earnings. The highest sales estimate is $324.30 million and the lowest is $310.82 million. Cardtronics posted sales of $362.97 million during the same quarter last year, which would indicate a negative year over year growth rate of 12.5%. The firm is expected to issue its next earnings results on Tuesday, February 19th.
On average, analysts expect that Cardtronics will report full year sales of $1.34 billion for the current fiscal year, with estimates ranging from $1.33 billion to $1.34 billion. For the next fiscal year, analysts expect that the business will report sales of $1.34 billion, with estimates ranging from $1.32 billion to $1.34 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Cardtronics.
Cardtronics (NASDAQ:CATM) last released its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.20. Cardtronics had a return on equity of 24.77% and a net margin of 1.86%. The company had revenue of $340.18 million for the quarter, compared to analyst estimates of $319.30 million. During the same quarter in the prior year, the firm posted $0.96 EPS. Cardtronics’s quarterly revenue was down 15.4% compared to the same quarter last year.
Several research firms recently weighed in on CATM. BidaskClub upgraded Cardtronics from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine raised Cardtronics from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research downgraded Cardtronics from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Barrington Research reaffirmed a “hold” rating on shares of Cardtronics in a research report on Monday, October 29th. Finally, Barclays began coverage on Cardtronics in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $41.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $33.00.
In related news, insider Dan Antilley sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $31.31, for a total transaction of $156,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Tim Arnoult sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $31.54, for a total value of $94,620.00. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CATM. Renaissance Technologies LLC purchased a new stake in shares of Cardtronics during the 3rd quarter worth $16,071,000. JPMorgan Chase & Co. lifted its stake in shares of Cardtronics by 659.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 500,418 shares of the business services provider’s stock worth $15,833,000 after purchasing an additional 434,511 shares during the last quarter. Bank of America Corp DE raised its stake in Cardtronics by 57.6% in the second quarter. Bank of America Corp DE now owns 990,660 shares of the business services provider’s stock valued at $23,954,000 after buying an additional 362,180 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Cardtronics in the third quarter valued at about $10,695,000. Finally, Millennium Management LLC purchased a new stake in Cardtronics in the second quarter valued at about $7,152,000.
NASDAQ:CATM opened at $30.56 on Friday. Cardtronics has a fifty-two week low of $20.78 and a fifty-two week high of $39.10. The firm has a market cap of $1.40 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.33 and a beta of 1.39. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.83 and a current ratio of 0.87.
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 bank balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, and operators of facilities, such as shopping malls, airports, and train stations.
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