Cardtronics PLC (CATM) Expected to Announce Quarterly Sales of $387.83 Million
Brokerages expect Cardtronics PLC (NASDAQ:CATM) to announce sales of $387.83 million for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Cardtronics PLC’s earnings, with the lowest sales estimate coming in at $370.25 million and the highest estimate coming in at $444.00 million. Cardtronics PLC posted sales of $328.33 million in the same quarter last year, which would indicate a positive year over year growth rate of 18.1%. The company is scheduled to report its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Cardtronics PLC will report full-year sales of $387.83 million for the current financial year, with estimates ranging from $1.46 billion to $1.61 billion. For the next fiscal year, analysts expect that the business will report sales of $1.37 billion per share, with estimates ranging from $1.33 billion to $1.45 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Cardtronics PLC.
Cardtronics PLC (NASDAQ:CATM) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Cardtronics PLC had a net margin of 4.83% and a return on equity of 28.23%. The company had revenue of $385.11 million for the quarter, compared to analyst estimates of $379.03 million. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 EPS.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Cardtronics PLC from a “strong sell” rating to a “hold” rating in a research report on Monday, August 7th. Lake Street Capital assumed coverage on Cardtronics PLC in a research report on Monday, June 19th. They set a “buy” rating and a $46.00 target price on the stock. ValuEngine downgraded Cardtronics PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet downgraded Cardtronics PLC from a “b” rating to a “c+” rating in a research report on Monday, May 8th. Finally, Bank of America Corporation reduced their target price on Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $46.17.
In other Cardtronics PLC news, insider Jonathan Simpson-Dent sold 18,721 shares of Cardtronics PLC stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $34.24, for a total transaction of $641,007.04. Following the sale, the insider now owns 16,792 shares of the company’s stock, valued at approximately $574,958.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Phillip Pilsuh Chin sold 825 shares of Cardtronics PLC stock in a transaction on Monday, June 19th. The shares were sold at an average price of $34.03, for a total value of $28,074.75. Following the sale, the executive vice president now directly owns 2,469 shares in the company, valued at approximately $84,020.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,546 shares of company stock worth $770,512. 1.20% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of CATM. 1st Global Advisors Inc. boosted its position in shares of Cardtronics PLC by 0.8% in the first quarter. 1st Global Advisors Inc. now owns 5,109 shares of the business services provider’s stock valued at $239,000 after buying an additional 40 shares during the period. Arizona State Retirement System boosted its position in shares of Cardtronics PLC by 0.4% in the second quarter. Arizona State Retirement System now owns 23,837 shares of the business services provider’s stock valued at $783,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Cardtronics PLC by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,030 shares of the business services provider’s stock valued at $235,000 after buying an additional 130 shares during the period. Flinton Capital Management LLC boosted its position in shares of Cardtronics PLC by 6.2% in the first quarter. Flinton Capital Management LLC now owns 2,408 shares of the business services provider’s stock valued at $113,000 after buying an additional 140 shares during the period. Finally, Neuburgh Advisers LLC boosted its position in shares of Cardtronics PLC by 6.2% in the first quarter. Neuburgh Advisers LLC now owns 2,924 shares of the business services provider’s stock valued at $137,000 after buying an additional 170 shares during the period.
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Cardtronics PLC (NASDAQ:CATM) opened at 26.00 on Monday. The company’s 50-day moving average is $31.12 and its 200-day moving average is $39.50. The stock has a market capitalization of $1.19 billion, a PE ratio of 17.94 and a beta of 0.75. Cardtronics PLC has a 12 month low of $25.87 and a 12 month high of $56.00.
About Cardtronics PLC
Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.
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