Wall Street brokerages expect USA Technologies, Inc. (NASDAQ:USAT) to post ($0.01) earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for USA Technologies’ earnings, with estimates ranging from ($0.01) to $0.00. USA Technologies reported earnings per share of ($0.03) in the same quarter last year, which suggests a positive year over year growth rate of 66.7%. The company is expected to announce its next earnings report on Wednesday, November 8th.
On average, analysts expect that USA Technologies will report full year earnings of $0.05 per share for the current financial year, with EPS estimates ranging from $0.04 to $0.08. For the next financial year, analysts expect that the company will post earnings of $0.13 per share, with EPS estimates ranging from $0.13 to $0.14. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover USA Technologies.
USA Technologies (NASDAQ:USAT) last released its quarterly earnings data on Tuesday, August 22nd. The technology company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $34.29 million during the quarter, compared to analyst estimates of $33.29 million. USA Technologies had a negative return on equity of 0.81% and a negative net margin of 1.78%.
Several equities analysts have recently weighed in on the company. Northland Securities reissued a “buy” rating and set a $7.25 target price on shares of USA Technologies in a research report on Tuesday, September 5th. Zacks Investment Research
upgraded USA Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday. ValuEngine
cut USA Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. William Blair assumed coverage on USA Technologies in a report on Thursday, August 24th. They set an “outperform” rating for the company. Finally, BidaskClub cut USA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. USA Technologies has a consensus rating of “Hold” and a consensus target price of $7.25.
USA Technologies (NASDAQ:USAT) traded up 4.17% during mid-day trading on Friday, hitting $6.25. The stock had a trading volume of 390,180 shares. The stock’s 50-day moving average price is $5.99 and its 200-day moving average price is $5.32. The stock’s market cap is $312.61 million. USA Technologies has a 12 month low of $3.55 and a 12 month high of $6.60.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. purchased a new position in USA Technologies during the 2nd quarter valued at $130,000. New York State Common Retirement Fund boosted its holdings in USA Technologies by 75.7% during 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 acquiring an additional 12,799 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in USA Technologies by 17.8% during the 2nd 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 during the period. Private Advisor Group LLC purchased a new position in USA Technologies during the 2nd quarter valued at $197,000. Finally, Citadel Advisors LLC boosted its holdings in USA Technologies by 26.4% during the 1st quarter. Citadel Advisors LLC now owns 47,464 shares of the technology company’s stock valued at $202,000 after acquiring an additional 9,912 shares during the period. Institutional investors own 36.18% of the company’s stock.
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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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