Brokerages expect Cardtronics PLC (NASDAQ:CATM) to report sales of $314.37 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Cardtronics’ earnings, with estimates ranging from $293.00 million to $329.94 million. Cardtronics posted sales of $336.18 million in the same quarter last year, which suggests a negative year-over-year growth rate of 6.5%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Thursday, May 2nd.
On average, analysts expect that Cardtronics will report full-year sales of $1.34 billion for the current year, with estimates ranging from $1.33 billion to $1.35 billion. For the next financial year, analysts forecast that the company will report sales of $1.39 billion, with estimates ranging from $1.37 billion to $1.41 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Cardtronics.
Cardtronics (NASDAQ:CATM) last posted its quarterly earnings results on Thursday, February 21st. The business services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.10. The firm had revenue of $327.90 million during the quarter, compared to the consensus estimate of $317.82 million. Cardtronics had a net margin of 0.27% and a return on equity of 21.80%. The business’s revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 earnings per share.
A number of equities analysts have recently commented on CATM shares. Wells Fargo & Co increased their price objective on shares of Cardtronics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. BidaskClub upgraded shares of Cardtronics from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Zacks Investment Research downgraded shares of Cardtronics from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, February 27th. ValuEngine upgraded shares of Cardtronics from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Finally, Barrington Research reiterated a “buy” rating and issued a $40.00 target price on shares of Cardtronics in a research note on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $35.40.
A number of hedge funds have recently modified their holdings of CATM. BlackRock Inc. lifted its position in shares of Cardtronics by 1.5% in the 4th quarter. BlackRock Inc. now owns 5,500,254 shares of the business services provider’s stock worth $143,009,000 after purchasing an additional 78,899 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Cardtronics by 25.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,715,224 shares of the business services provider’s stock worth $70,597,000 after acquiring an additional 557,850 shares during the period. Clearbridge Investments LLC lifted its holdings in Cardtronics by 8.6% during the third quarter. Clearbridge Investments LLC now owns 1,712,011 shares of the business services provider’s stock valued at $54,168,000 after purchasing an additional 135,655 shares in the last quarter. Rothschild & Co. Asset Management US Inc. lifted its holdings in Cardtronics by 27.8% during the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 757,811 shares of the business services provider’s stock valued at $19,703,000 after purchasing an additional 164,870 shares in the last quarter. Finally, Norges Bank purchased a new position in Cardtronics during the fourth quarter valued at approximately $13,467,000.
Shares of CATM traded up $0.29 on Friday, hitting $35.11. The company’s stock had a trading volume of 7,225 shares, compared to its average volume of 301,365. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.86 and a quick ratio of 0.83. Cardtronics has a fifty-two week low of $23.48 and a fifty-two week high of $39.10. The company has a market capitalization of $1.63 billion, a P/E ratio of 18.68, a PEG ratio of 1.72 and a beta of 1.34.
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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