USA Technologies, Inc. (NASDAQ:USAT) – Analysts at William Blair lifted their FY2018 EPS estimates for USA Technologies in a research note issued to investors on Wednesday. William Blair analyst R. Napoli now anticipates that the technology company will post earnings per share of $0.07 for the year, up from their previous forecast of $0.04. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for USA Technologies’ Q4 2018 earnings at $0.04 EPS, Q1 2019 earnings at $0.04 EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.06 EPS and Q4 2019 earnings at $0.07 EPS.
Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of USA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Northland Securities reaffirmed a “buy” rating and issued a $7.25 price target on shares of USA Technologies in a research report on Tuesday, September 5th. ValuEngine raised shares of USA Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, BidaskClub cut shares of USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. USA Technologies currently has an average rating of “Buy” and a consensus target price of $7.50.
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Shares of USA Technologies (USAT) opened at $7.05 on Friday. USA Technologies has a 52-week low of $3.55 and a 52-week high of $7.22. The firm has a market cap of $353.89, a P/E ratio of 352.50 and a beta of 0.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.19 and a quick ratio of 1.04.
USA Technologies (NASDAQ:USAT) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.01. USA Technologies had a net margin of 0.37% and a return on equity of 1.40%. The firm had revenue of $25.62 million during the quarter, compared to analysts’ expectations of $25.87 million.
Large investors have recently bought and sold shares of the stock. Prudential Financial Inc. purchased a new stake in USA Technologies during the third quarter valued at approximately $121,000. Alliancebernstein L.P. purchased a new stake in USA Technologies during the second quarter valued at approximately $130,000. New York State Common Retirement Fund lifted its position in USA Technologies by 75.7% during 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 acquiring an additional 12,799 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in 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 during the last quarter. Finally, Archon Capital Management LLC purchased a new stake in USA Technologies during the third quarter valued at approximately $188,000. 36.82% of the stock is owned by institutional investors.
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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