According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “
CATM has been the subject of a number of other research reports. Barrington Research cut shares of Cardtronics from an outperform rating to a market perform rating in a research report on Friday, July 29th. JPMorgan Chase & Co. cut shares of Cardtronics from an overweight rating to a neutral rating and upped their price objective for the company from $45.00 to $50.00 in a research report on Friday, August 19th. Jefferies Group upped their price objective on shares of Cardtronics from $46.00 to $52.00 and gave the company a buy rating in a research report on Monday, August 1st. Finally, Feltl & Co. assumed coverage on shares of Cardtronics in a research report on Thursday, September 22nd. They issued a buy rating and a $48.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $47.00.
Shares of Cardtronics (NASDAQ:CATM) traded up 1.17% during mid-day trading on Friday, hitting $49.33. The company’s stock had a trading volume of 54,386 shares. The company has a 50-day moving average price of $44.71 and a 200-day moving average price of $41.11. Cardtronics has a 1-year low of $28.01 and a 1-year high of $49.98. The stock has a market cap of $2.23 billion, a PE ratio of 31.08 and a beta of 0.76.
Cardtronics (NASDAQ:CATM) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.03. Cardtronics had a net margin of 5.83% and a return on equity of 33.95%. The business earned $324 million during the quarter, compared to analysts’ expectations of $315.48 million. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts predict that Cardtronics will post $3.25 EPS for the current fiscal year.
In related news, insider Patrick Michael Mccarthy sold 3,034 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $46.02, for a total value of $139,624.68. Following the completion of the sale, the insider now directly owns 26,831 shares in the company, valued at approximately $1,234,762.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rick Updyke sold 9,182 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $47.15, for a total transaction of $432,931.30. Following the completion of the sale, the executive vice president now owns 67,050 shares of the company’s stock, valued at $3,161,407.50. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Cardtronics during the fourth quarter valued at about $9,339,000. Virginia Retirement System purchased a new stake in shares of Cardtronics during the first quarter valued at about $752,000. Pacad Investment Ltd. increased its stake in shares of Cardtronics by 29.1% in the first quarter. Pacad Investment Ltd. now owns 10,200 shares of the company’s stock valued at $367,000 after buying an additional 2,300 shares during the period. Prudential Financial Inc. increased its stake in shares of Cardtronics by 10.7% in the first quarter. Prudential Financial Inc. now owns 115,543 shares of the company’s stock valued at $4,158,000 after buying an additional 11,171 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Cardtronics by 138.9% in the first quarter. BlackRock Inc. now owns 3,435 shares of the company’s stock valued at $123,000 after buying an additional 1,997 shares during the period.
Cardtronics PLC, formerly Cardtronics, Inc, is a provider of automated consumer financial services. The Company provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Company’s operations consisted of its North America and Europe segments.
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