USA Technologies, Inc. (NASDAQ:USAT) Expected to Announce Earnings of $0.07 Per Share

Equities analysts expect that USA Technologies, Inc. (NASDAQ:USAT) will report $0.07 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for USA Technologies’ earnings. The highest EPS estimate is $0.07 and the lowest is $0.06. The business is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that USA Technologies will report full year earnings of $0.19 per share for the current fiscal year. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover USA Technologies.

USAT has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Lake Street Capital increased their target price on shares of USA Technologies from $4.50 to $7.00 and gave the company a “hold” rating in a research report on Thursday, June 6th. ValuEngine upgraded shares of USA Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, BidaskClub upgraded shares of USA Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $8.00.

Shares of USAT stock traded up $0.15 during trading hours on Thursday, reaching $7.36. The stock had a trading volume of 519,610 shares, compared to its average volume of 1,294,821. USA Technologies has a twelve month low of $3.19 and a twelve month high of $16.83. The company’s 50-day simple moving average is $7.06.

In related news, major shareholder Hudson Executive Capital Lp acquired 1,000,252 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $6.93 per share, with a total value of $6,931,746.36. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.43% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in USAT. BlackRock Inc. increased its holdings in shares of USA Technologies by 4.5% in the 4th quarter. BlackRock Inc. now owns 3,893,655 shares of the technology company’s stock worth $15,146,000 after acquiring an additional 166,102 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of USA Technologies by 13.7% during the fourth quarter. Bank of New York Mellon Corp now owns 210,907 shares of the technology company’s stock valued at $820,000 after acquiring an additional 25,442 shares during the period. Northern Trust Corp lifted its holdings in shares of USA Technologies by 1.2% during the fourth quarter. Northern Trust Corp now owns 688,817 shares of the technology company’s stock valued at $2,681,000 after acquiring an additional 8,290 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of USA Technologies by 285.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 295,595 shares of the technology company’s stock valued at $1,150,000 after acquiring an additional 218,891 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of USA Technologies by 16.0% during the fourth quarter. Geode Capital Management LLC now owns 645,659 shares of the technology company’s stock valued at $2,511,000 after acquiring an additional 89,177 shares during the period. Institutional investors own 66.05% of the company’s stock.

USA Technologies Company Profile

USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.

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