$314.37 Million in Sales Expected for Cardtronics PLC (CATM) This Quarter

Equities analysts expect that Cardtronics PLC (NASDAQ:CATM) will post sales of $314.37 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Cardtronics’ earnings. The lowest sales estimate is $293.00 million and the highest is $329.94 million. Cardtronics reported sales of $336.18 million in the same quarter last year, which would suggest a negative year over year growth rate of 6.5%. The firm is expected to announce its next earnings results after the market closes on Thursday, May 2nd.

According to Zacks, 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 fiscal year, analysts expect that the business 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 cover Cardtronics.

Cardtronics (NASDAQ:CATM) last issued its quarterly earnings results on Thursday, February 21st. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. Cardtronics had a return on equity of 21.80% and a net margin of 0.27%. The firm had revenue of $327.90 million for the quarter, compared to analyst estimates of $317.82 million. During the same period last year, the company earned $0.73 EPS. The firm’s quarterly revenue was down 9.7% on a year-over-year basis.

CATM has been the subject of a number of recent research reports. Zacks Investment Research raised Cardtronics from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, February 1st. BidaskClub raised Cardtronics from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. ValuEngine downgraded Cardtronics from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Barrington Research reaffirmed a “buy” rating and set a $40.00 price objective on shares of Cardtronics in a research note on Friday, February 22nd. Finally, Wells Fargo & Co raised their price objective on Cardtronics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $35.40.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantamental Technologies LLC purchased a new stake in Cardtronics in the 4th quarter valued at about $45,000. Macquarie Group Ltd. raised its holdings in shares of Cardtronics by 16.7% during the fourth quarter. Macquarie Group Ltd. now owns 2,800 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 400 shares during the last quarter. 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 valued at $94,000 after purchasing an additional 836 shares during the last quarter. 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 valued at $102,000 after purchasing an additional 2,814 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Cardtronics during the fourth quarter valued at approximately $120,000.

NASDAQ:CATM traded up $0.29 during mid-day trading on Friday, reaching $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 current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 2.17. Cardtronics has a twelve month low of $23.48 and a twelve month high of $39.10. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.72 and a beta of 1.34.

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 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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