Cardtronics, Inc. (CATM) Expected to Announce Quarterly Sales of $308.44 Million

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.

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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.

Several equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Cardtronics from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. ValuEngine downgraded shares of Cardtronics from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Barrington Research restated a “hold” rating on shares of Cardtronics in a research note on Sunday, February 25th. SunTrust Banks raised their price objective on shares of Cardtronics to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Bank of America set a $19.00 price objective on shares of Cardtronics and gave the stock a “sell” rating in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.25.

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.

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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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