Wall Street analysts predict that Cardtronics, Inc. (NASDAQ:CATM) will post sales of $308.44 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Cardtronics’ earnings, with the highest sales estimate coming in at $327.81 million and the lowest estimate coming in at $298.70 million. Cardtronics posted sales of $357.57 million during the same quarter last year, which suggests a negative year over year growth rate of 13.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Cardtronics will report full year sales of $308.44 million for the current year, with estimates ranging from $1.25 billion to $1.28 billion. For the next year, analysts expect that the firm will post sales of $1.28 billion per share, with estimates ranging from $1.24 billion to $1.33 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Cardtronics.
Cardtronics (NASDAQ:CATM) last announced its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.18. The business had revenue of $363.00 million for the quarter, compared to the consensus estimate of $340.23 million. Cardtronics had a negative net margin of 9.64% and a positive return on equity of 29.93%. Cardtronics’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company posted $0.79 earnings per share.
Shares of Cardtronics stock traded down $1.47 during midday trading on Wednesday, hitting $21.32. The company had a trading volume of 525,460 shares, compared to its average volume of 512,262. The company has a market cap of $1,046.54, a price-to-earnings ratio of 7.70, a PEG ratio of 1.74 and a beta of 0.89. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 2.35. Cardtronics has a 1-year low of $15.80 and a 1-year high of $45.32.
In other Cardtronics news, major shareholder Hudson Executive Capital Lp purchased 63,100 shares of the firm’s stock in a transaction on Thursday, March 29th. The shares were purchased at an average price of $22.47 per share, for a total transaction of $1,417,857.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph Bradley Nolan purchased 5,725 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were acquired at an average price of $26.16 per share, for a total transaction of $149,766.00. The disclosure for this purchase can be found here. Insiders have acquired 390,825 shares of company stock worth $9,076,663 in the last quarter. Corporate insiders own 1.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of CATM. New York State Common Retirement Fund boosted its stake in Cardtronics by 20.9% during the third quarter. New York State Common Retirement Fund now owns 61,876 shares of the business services provider’s stock worth $1,424,000 after buying an additional 10,676 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Cardtronics by 59.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 17,120 shares of the business services provider’s stock worth $394,000 after buying an additional 6,360 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Cardtronics during the third quarter worth $180,000. TD Asset Management Inc. acquired a new stake in Cardtronics during the third quarter worth $794,000. Finally, Virginia Retirement Systems ET AL lifted its holdings in shares of Cardtronics by 15.5% during the third quarter. Virginia Retirement Systems ET AL now owns 74,500 shares of the business services provider’s stock valued at $1,714,000 after acquiring an additional 10,000 shares during the period.
TRADEMARK VIOLATION WARNING: This piece was published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3338914/cardtronics-inc-catm-expected-to-announce-quarterly-sales-of-308-44-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cardtronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardtronics and related companies with MarketBeat.com's FREE daily email newsletter.