Cardtronics PLC (CATM) Releases FY17 Earnings Guidance
Cardtronics PLC (NASDAQ:CATM) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.83-3.00 for the period, compared to the Thomson Reuters consensus estimate of $2.80. The company issued revenue guidance of $1.47-1.50 billion, compared to the consensus revenue estimate of $1.47 billion.
Cardtronics PLC (NASDAQ:CATM) last issued its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.76 EPS for the quarter, topping the 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 firm had revenue of $385.11 million for the quarter, compared to analyst estimates of $379.03 million. During the same period in the prior year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Cardtronics PLC from a strong sell rating to a hold rating in a report on Monday, August 7th. Lake Street Capital downgraded shares of Cardtronics PLC from a buy rating to a hold rating and cut their target price for the stock from $40.00 to $31.00 in a research note on Tuesday, September 26th. William Blair downgraded shares of Cardtronics PLC from an outperform rating to a market perform rating in a research note on Monday, September 25th. Finally, Bank of America Corporation cut their target price on shares of Cardtronics PLC from $48.00 to $40.00 and set a neutral rating on the stock in a research note on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $41.00.
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Cardtronics PLC Company Profile
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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