Brokers Set Expectations for USA Technologies, Inc.’s FY2017 Earnings (USAT)
USA Technologies, Inc. (NASDAQ:USAT) – Investment analysts at Barrington Research issued their FY2017 EPS estimates for shares of USA Technologies in a note issued to investors on Wednesday. Barrington Research analyst G. Prestopino expects that the technology company will post earnings of ($0.01) per share for the year. Barrington Research also issued estimates for USA Technologies’ Q4 2017 earnings at $0.00 EPS, Q1 2018 earnings at ($0.01) EPS, Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.07 EPS.
USA Technologies (NASDAQ:USAT) last issued its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.00 earnings per share for the quarter. USA Technologies had a negative net margin of 9.95% and a negative return on equity of 4.52%. The business had revenue of $26.46 million during the quarter, compared to analysts’ expectations of $24.34 million.
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Separately, Zacks Investment Research raised shares of USA Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, February 14th.
Shares of USA Technologies (NASDAQ:USAT) opened at 4.45 on Thursday. The firm’s market cap is $179.46 million. USA Technologies has a 52 week low of $3.55 and a 52 week high of $5.81. The firm has a 50-day moving average of $4.59 and a 200 day moving average of $4.33.
Large investors have recently made changes to their positions in the company. G2 Investment Partners Management LLC increased its stake in shares of USA Technologies by 58.8% in the third quarter. G2 Investment Partners Management LLC now owns 206,787 shares of the technology company’s stock worth $1,159,000 after buying an additional 76,530 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of USA Technologies during the fourth quarter worth $137,000. State Street Corp increased its stake in shares of USA Technologies by 4.1% in the fourth quarter. State Street Corp now owns 462,118 shares of the technology company’s stock worth $1,987,000 after buying an additional 17,993 shares in the last quarter. Cortina Asset Management LLC increased its stake in shares of USA Technologies by 39.8% in the fourth quarter. Cortina Asset Management LLC now owns 1,271,330 shares of the technology company’s stock worth $5,467,000 after buying an additional 361,764 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. increased its stake in shares of USA Technologies by 46.1% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 759,345 shares of the technology company’s stock worth $3,227,000 after buying an additional 239,640 shares in the last quarter. 41.70% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Albin F. Moschner purchased 15,000 shares of the stock in a transaction dated Monday, March 6th. The shares were purchased at an average cost of $3.86 per share, with a total value of $57,900.00. Following the completion of the acquisition, the director now owns 413,762 shares in the company, valued at approximately $1,597,121.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 4.05% of the company’s stock.
USA Technologies Company Profile
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.
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