Brokerages Anticipate USA Technologies, Inc. (USAT) Will Announce Quarterly Sales of $31.38 Million

Brokerages expect USA Technologies, Inc. (NASDAQ:USAT) to announce $31.38 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for USA Technologies’ earnings. The highest sales estimate is $32.60 million and the lowest is $30.11 million. USA Technologies posted sales of $21.76 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 44.2%. The business is expected to announce its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, 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 fiscal year, analysts forecast that the business will report sales of $173.39 million per share, with estimates ranging from $166.36 million to $178.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover USA Technologies.

USA Technologies (NASDAQ:USAT) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.00 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.01. The company had revenue of $25.62 million for the quarter, compared to analyst estimates of $25.87 million. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%.

USAT has been the topic of a number of recent analyst reports. Zacks Investment Research raised USA Technologies from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a research note on Wednesday, November 22nd. Northland Securities set a $12.00 price objective on USA Technologies and gave the stock a “buy” rating in a research note on Monday, December 18th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. USA Technologies currently has a consensus rating of “Buy” and a consensus target price of $11.50.

USA Technologies (NASDAQ USAT) opened at $9.40 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.67 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $504.03, a P/E ratio of 950.95 and a beta of 1.02. USA Technologies has a 12 month low of $3.80 and a 12 month high of $10.10.

In other USA Technologies news, Director Albin F. Moschner sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $8.25, for a total value of $165,000.00. Following 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 legal filing with the SEC, which is available through this link. Also, Director Albin F. Moschner sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $8.46, for a total value of $50,760.00. Following the completion of the transaction, the director now directly owns 416,926 shares in the company, valued at $3,527,193.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,901 shares of company stock worth $1,080,337. Insiders own 4.38% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. acquired a new position in USA Technologies in the third quarter valued at approximately $121,000. Alliancebernstein L.P. acquired a new position in USA Technologies in the second quarter valued at approximately $130,000. New York State Common Retirement Fund lifted its stake in USA Technologies by 75.7% in the second quarter. New York State Common Retirement Fund now owns 29,700 shares of the technology company’s stock valued at $154,000 after buying an additional 12,799 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of USA Technologies by 17.8% during the second quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock valued at $181,000 after acquiring an additional 5,263 shares in the last quarter. Finally, Archon Capital Management LLC bought a new stake in shares of USA Technologies during the third quarter valued at approximately $188,000. 51.17% of the stock is currently owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for USA Technologies (NASDAQ:USAT)

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