Cardtronics PLC (NASDAQ:CATM) Expected to Post Earnings of $0.51 Per Share

Brokerages expect Cardtronics PLC (NASDAQ:CATM) to post $0.51 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Cardtronics’ earnings. The lowest EPS estimate is $0.45 and the highest is $0.53. Cardtronics posted earnings of $0.61 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 16.4%. The company is expected to announce its next earnings results on Thursday, August 1st.

On average, analysts expect that Cardtronics will report full-year earnings of $2.08 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.10. For the next year, analysts forecast that the company will report earnings of $2.27 per share, with EPS estimates ranging from $2.15 to $2.40. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Cardtronics.

Cardtronics (NASDAQ:CATM) last released its earnings results on Thursday, May 2nd. The business services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.11. The firm had revenue of $318.30 million for the quarter, compared to the consensus estimate of $310.99 million. Cardtronics had a return on equity of 20.70% and a net margin of 0.81%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Several equities analysts have recently weighed in on the company. Wells Fargo & Co set a $14.00 target price on Osmotica Pharmaceuticals and gave the company a “buy” rating in a research report on Thursday, March 28th. Barrington Research set a $68.00 price objective on WNS and gave the company a “buy” rating in a research report on Wednesday, July 3rd. ValuEngine downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. DA Davidson assumed coverage on Cardtronics in a research report on Thursday, May 30th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Monday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.25.

Shares of NASDAQ CATM traded up $0.49 during trading hours on Friday, hitting $28.35. 250,700 shares of the company traded hands, compared to its average volume of 382,177. The company has a market capitalization of $1.32 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 4.07 and a beta of 1.23. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 2.33. The firm’s 50 day moving average is $29.15. Cardtronics has a 12 month low of $23.57 and a 12 month high of $39.10.

A number of institutional investors have recently made changes to their positions in CATM. Macquarie Group Ltd. grew its position in Cardtronics by 16.7% in the 4th quarter. Macquarie Group Ltd. now owns 2,800 shares of the business services provider’s stock valued at $73,000 after acquiring an additional 400 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Cardtronics in the 4th quarter valued at $120,000. Bank of Montreal Can grew its position in Cardtronics by 15.2% in the 1st quarter. Bank of Montreal Can now owns 4,144 shares of the business services provider’s stock valued at $148,000 after acquiring an additional 547 shares during the last quarter. Everence Capital Management Inc. bought a new position in Cardtronics in the 1st quarter valued at $238,000. Finally, Blueshift Asset Management LLC bought a new position in Cardtronics in the 4th quarter valued at $248,000.

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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