Cardtronics PLC (CATM) Expected to Post Quarterly Sales of $317.77 Million

Brokerages expect Cardtronics PLC (NASDAQ:CATM) to report sales of $317.77 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Cardtronics’ earnings, with the highest sales estimate coming in at $324.30 million and the lowest estimate coming in at $310.82 million. Cardtronics reported sales of $362.97 million in the same quarter last year, which suggests a negative year over year growth rate of 12.5%. The firm is scheduled to report its next quarterly earnings report after the market closes on Tuesday, February 19th.

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 $1.34 billion. For the next fiscal year, analysts forecast that the business will post 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.

Several research firms have issued reports on CATM. ValuEngine upgraded shares of Cardtronics from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. Barrington Research upgraded shares of Cardtronics to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, November 2nd. Barclays began coverage on shares of Cardtronics in a research note on Wednesday, November 14th. They set an “overweight” rating and a $41.00 price objective for the company. BidaskClub cut shares of Cardtronics from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Finally, Zacks Investment Research cut shares of Cardtronics from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Cardtronics has a consensus rating of “Hold” and an average target price of $32.20.

CATM traded up $1.26 during trading on Monday, hitting $27.55. 427,300 shares of the company’s stock were exchanged, compared to its average volume of 321,139. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. Cardtronics has a 1 year low of $20.78 and a 1 year high of $39.10. The company has a market cap of $1.21 billion, a P/E ratio of 9.95, a P/E/G ratio of 1.15 and a beta of 1.29.

In other news, insider Dan Antilley sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $31.31, for a total transaction of $156,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director J Tim Arnoult sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $31.54, for a total transaction of $94,620.00. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CATM. Quantamental Technologies LLC acquired a new stake in Cardtronics in the fourth quarter valued at $45,000. Bank of Montreal Can raised its holdings in shares of Cardtronics by 30.3% during the fourth quarter. Bank of Montreal Can now owns 3,597 shares of the business services provider’s stock worth $94,000 after purchasing an additional 836 shares during the period. LS Investment Advisors LLC raised its holdings in shares of Cardtronics by 254.2% during the fourth quarter. LS Investment Advisors LLC now owns 3,921 shares of the business services provider’s stock worth $102,000 after purchasing an additional 2,814 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in shares of Cardtronics by 56.4% during the third quarter. Public Employees Retirement Association of Colorado now owns 6,254 shares of the business services provider’s stock worth $198,000 after purchasing an additional 2,255 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Cardtronics during the third quarter worth $202,000.

About Cardtronics

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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