USA Technologies, Inc. (NASDAQ:USAT) – Stock analysts at William Blair boosted their Q3 2018 earnings per share (EPS) estimates for USA Technologies in a research note issued to investors on Wednesday. William Blair analyst R. Napoli now anticipates that the technology company will post earnings per share of $0.02 for the quarter, up from their prior estimate of $0.01. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for USA Technologies’ FY2019 earnings at $0.23 EPS.
A number of other analysts also recently issued reports on USAT. BidaskClub downgraded shares of USA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded shares of USA Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. ValuEngine upgraded shares of USA Technologies from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Northland Securities reiterated a “buy” rating and issued a $7.25 target price on shares of USA Technologies in a report on Tuesday, September 5th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. USA Technologies currently has an average rating of “Buy” and an average price target of $7.50.
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Shares of USA Technologies (NASDAQ:USAT) opened at $7.05 on Monday. The stock has a market cap of $353.89, a P/E ratio of 352.50 and a beta of 0.87. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.01. USA Technologies has a 1-year low of $3.55 and a 1-year high of $7.22.
USA Technologies (NASDAQ:USAT) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.01. The business had revenue of $25.62 million during the quarter, compared to the consensus estimate of $25.87 million. USA Technologies had a net margin of 0.37% and a return on equity of 1.20%.
Institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new stake in USA Technologies in the 2nd quarter valued at approximately $1,668,000. Ardsley Advisory Partners acquired a new stake in USA Technologies in the 2nd quarter valued at approximately $2,080,000. Vanguard Group Inc. increased its holdings in USA Technologies by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 1,440,142 shares of the technology company’s stock valued at $6,121,000 after purchasing an additional 45,825 shares during the last quarter. Wells Fargo & Company MN increased its holdings in USA Technologies by 16.0% in the 2nd quarter. Wells Fargo & Company MN now owns 716,928 shares of the technology company’s stock valued at $3,728,000 after purchasing an additional 99,035 shares during the last quarter. Finally, Trellus Management Company LLC acquired a new stake in USA Technologies in the 3rd quarter valued at approximately $478,000. Hedge funds and other institutional investors own 39.27% of the company’s stock.
About USA Technologies
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.
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