USA Technologies, Inc. (NASDAQ:USAT) – Equities research analysts at William Blair dropped their Q4 2018 earnings per share (EPS) estimates for USA Technologies in a research note issued on Thursday. William Blair analyst R. Napoli now expects that the technology company will earn $0.03 per share for the quarter, down from their previous estimate of $0.04. William Blair also issued estimates for USA Technologies’ Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.03 EPS, Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.05 EPS and FY2019 earnings at $0.16 EPS.
A number of other equities analysts have also weighed in on USAT. Zacks Investment Research raised USA Technologies from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Saturday. BidaskClub lowered USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, Northland Securities set a $12.00 target price on USA Technologies and gave the stock a “buy” rating in a research report on Monday, December 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. USA Technologies currently has an average rating of “Buy” and a consensus price target of $11.00.
USA Technologies (NASDAQ:USAT) last issued its earnings results on Thursday, February 8th. The technology company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. USA Technologies had a positive return on equity of 2.44% and a negative net margin of 10.39%. The company had revenue of $32.51 million for the quarter, compared to analyst estimates of $31.38 million.
In related news, Director Albin F. Moschner sold 9,478 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $9.61, for a total value of $91,083.58. Following the completion of the sale, the director now directly owns 352,926 shares of the company’s stock, valued at approximately $3,391,618.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Albin F. Moschner sold 8,000 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $8.47, for a total value of $67,760.00. Following the completion of the sale, the director now directly owns 416,926 shares of the company’s stock, valued at $3,531,363.22. The disclosure for this sale can be found here. Insiders sold a total of 120,901 shares of company stock valued at $1,080,337 over the last three months. 4.38% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its position in USA Technologies by 25.1% in the 4th quarter. American International Group Inc. now owns 32,660 shares of the technology company’s stock valued at $318,000 after buying an additional 6,543 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in USA Technologies in the 4th quarter valued at $254,000. Royce & Associates LP purchased a new stake in USA Technologies in the 4th quarter valued at $3,318,000. UBS Asset Management Americas Inc. purchased a new stake in USA Technologies in the 4th quarter valued at $11,007,000. Finally, BlackRock Inc. raised its position in USA Technologies by 8.1% in the 4th quarter. BlackRock Inc. now owns 2,333,019 shares of the technology company’s stock valued at $22,748,000 after buying an additional 175,481 shares during the last quarter. 50.77% of the stock is owned by institutional investors and hedge funds.
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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