Zacks: Analysts Anticipate USA Technologies, Inc. (USAT) Will Post Quarterly Sales of $25.87 Million
Analysts expect USA Technologies, Inc. (NASDAQ:USAT) to post sales of $25.87 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for USA Technologies’ earnings, with estimates ranging from $24.80 million to $27.00 million. USA Technologies reported sales of $21.59 million in the same quarter last year, which indicates a positive year-over-year growth rate of 19.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that USA Technologies will report full-year sales of $25.87 million for the current year, with estimates ranging from $121.07 million to $126.00 million. For the next year, analysts expect that the business will post sales of $151.41 million per share, with estimates ranging from $147.08 million to $156.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover USA Technologies.
USA Technologies (NASDAQ:USAT) last announced its earnings results on Tuesday, August 22nd. The technology company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $34.29 million for the quarter, compared to the consensus estimate of $33.29 million. USA Technologies had a negative net margin of 1.78% and a negative return on equity of 0.81%.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered USA Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. ValuEngine lowered USA Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Northland Securities reaffirmed a “buy” rating and set a $7.25 target price on shares of USA Technologies in a research report on Tuesday, September 5th. William Blair assumed coverage on USA Technologies in a research report on Thursday, August 24th. They issued an “outperform” rating for the company. Finally, BidaskClub lowered USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.25.
Shares of USA Technologies (NASDAQ USAT) opened at 6.35 on Wednesday. The firm’s market capitalization is $317.61 million. USA Technologies has a 12-month low of $3.55 and a 12-month high of $6.50. The stock has a 50 day moving average of $5.70 and a 200-day moving average of $5.15.
Several institutional investors have recently made changes to their positions in the company. Ardsley Advisory Partners purchased a new stake in shares of USA Technologies during the 2nd quarter valued at $2,080,000. Wasatch Advisors Inc. increased its position in shares of USA Technologies by 2.7% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,158,378 shares of the technology company’s stock valued at $6,024,000 after purchasing an additional 30,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of USA Technologies by 17.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock valued at $181,000 after purchasing an additional 5,263 shares during the last quarter. State Street Corp increased its position in shares of USA Technologies by 14.5% during the 2nd quarter. State Street Corp now owns 572,188 shares of the technology company’s stock valued at $2,975,000 after purchasing an additional 72,356 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of USA Technologies during the 2nd quarter valued at $1,668,000. 36.18% of the stock is owned by hedge funds and other institutional investors.
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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