$31.38 Million in Sales Expected for USA Technologies, Inc. (USAT) This Quarter
Wall Street brokerages expect USA Technologies, Inc. (NASDAQ:USAT) to report sales of $31.38 million for the current quarter, Zacks reports. Four analysts have provided estimates for USA Technologies’ earnings. The lowest sales estimate is $30.11 million and the highest is $32.60 million. USA Technologies posted sales of $21.76 million during the same quarter last year, which would indicate a positive year over year growth rate of 44.2%. The business is scheduled to issue its next earnings report on Wednesday, February 14th.
On average, analysts expect that USA Technologies will report full year sales of $31.38 million for the current fiscal year, with estimates ranging from $137.27 million to $141.70 million. For the next financial year, analysts anticipate that the business will report sales of $173.39 million per share, with estimates ranging from $166.36 million to $178.10 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover USA Technologies.
USA Technologies (NASDAQ:USAT) last released its earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.01. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%. The firm had revenue of $25.62 million during the quarter, compared to analysts’ expectations of $25.87 million.
USA Technologies (NASDAQ:USAT) opened at $8.55 on Friday. USA Technologies has a one year low of $3.80 and a one year high of $8.95. The company has a market capitalization of $453.09, a P/E ratio of 422.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.38 and a current ratio of 2.67.
In related news, Director Albin F. Moschner sold 20,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $8.25, for a total transaction of $165,000.00. Following the completion of the transaction, the director now directly owns 422,926 shares of the company’s stock, valued at $3,489,139.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Albin F. Moschner sold 12,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $8.62, for a total value of $103,440.00. Following the transaction, the director now directly owns 406,963 shares of the company’s stock, valued at $3,508,021.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,000 shares of company stock valued at $486,440. 4.38% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Prudential Financial Inc. bought a new stake in shares of USA Technologies in the 3rd quarter valued at approximately $121,000. Alliancebernstein L.P. bought a new stake in shares of USA Technologies in the 2nd quarter valued at approximately $130,000. New York State Common Retirement Fund lifted its stake in shares of USA Technologies by 75.7% in the 2nd quarter. New York State Common Retirement Fund now owns 29,700 shares of the technology company’s stock valued at $154,000 after purchasing an additional 12,799 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of USA Technologies by 17.8% in 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. Finally, Archon Capital Management LLC bought a new stake in shares of USA Technologies in the 3rd quarter valued at approximately $188,000. 51.17% of the stock is owned by institutional investors and hedge funds.
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About USA Technologies
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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