Cardtronics CFO Unloads $401,500 in Stock (CATM)
Cardtronics (NASDAQ:CATM) CFO J Chris Brewster sold 10,000 shares of Cardtronics stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $40.15, for a total value of $401,500.00. Following the sale, the chief financial officer now directly owns 65,183 shares of the company’s stock, valued at approximately $2,617,097. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Cardtronics (NASDAQ:CATM) traded up 0.45% during mid-day trading on Thursday, hitting $40.27. 123,857 shares of the company’s stock traded hands. Cardtronics has a 52 week low of $25.30 and a 52 week high of $44.46. The stock’s 50-day moving average is $40.89 and its 200-day moving average is $39.00. The company has a market cap of $1.787 billion and a P/E ratio of 77.10.
Cardtronics (NASDAQ:CATM) last announced its earnings results on Thursday, February 6th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.02. The company had revenue of $241.90 million for the quarter, compared to the consensus estimate of $233.80 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. On average, analysts predict that Cardtronics will post $2.25 earnings per share for the current fiscal year.
A number of research firms have recently commented on CATM. Analysts at Zacks upgraded shares of Cardtronics from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 21st. They now have a $45.00 price target on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Cardtronics from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.80.
Cardtronics, Inc (NASDAQ:CATM) provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks.
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