Brokerages Expect Cardtronics PLC (CATM) to Post $0.63 EPS

Wall Street analysts expect Cardtronics PLC (NASDAQ:CATM) to report $0.63 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have issued estimates for Cardtronics’ earnings. The highest EPS estimate is $0.67 and the lowest is $0.57. Cardtronics reported earnings of $0.79 per share in the same quarter last year, which indicates a negative year over year growth rate of 20.3%. The business is scheduled to report its next quarterly earnings report after the market closes on Tuesday, February 20th.

On average, analysts expect that Cardtronics will report full-year earnings of $2.90 per share for the current financial year, with EPS estimates ranging from $2.84 to $2.94. For the next financial year, analysts expect that the business will post earnings of $2.07 per share, with EPS estimates ranging from $1.98 to $2.18. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Cardtronics.

A number of brokerages have recently commented on CATM. BidaskClub raised shares of Cardtronics from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Zacks Investment Research downgraded shares of Cardtronics from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Wells Fargo & Co raised shares of Cardtronics from a “market perform” rating to an “outperform” rating and set a $29.00 target price for the company in a report on Wednesday, January 24th. Bank of America reaffirmed an “underperform” rating on shares of Cardtronics in a report on Thursday, January 18th. Finally, ValuEngine downgraded shares of Cardtronics from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.25.

In related news, Director Mark Rossi bought 2,500 shares of Cardtronics stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $16.81 per share, with a total value of $42,025.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of CATM. Flinton Capital Management LLC raised its stake in Cardtronics by 69.8% in the 2nd quarter. Flinton Capital Management LLC now owns 4,088 shares of the business services provider’s stock worth $134,000 after purchasing an additional 1,680 shares in the last quarter. Zions Bancorporation acquired a new stake in Cardtronics in the 3rd quarter worth about $157,000. SG Americas Securities LLC acquired a new stake in Cardtronics in the 3rd quarter worth about $180,000. Amalgamated Bank raised its stake in Cardtronics by 5.6% in the 2nd quarter. Amalgamated Bank now owns 6,294 shares of the business services provider’s stock worth $207,000 after purchasing an additional 331 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Cardtronics in the 4th quarter worth about $209,000.

Shares of Cardtronics (CATM) traded down $0.45 on Friday, hitting $22.95. 733,519 shares of the stock were exchanged, compared to its average volume of 984,889. Cardtronics has a 52 week low of $15.80 and a 52 week high of $51.09. The company has a market cap of $1,068.95, a P/E ratio of -7.68, a PEG ratio of 1.16 and a beta of 0.88. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.64.

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About Cardtronics

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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