USA Technologies (NASDAQ:USAT) will be announcing its earnings results before the market opens on Thursday, February 8th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.
USA Technologies (NASDAQ:USAT) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%. The business had revenue of $25.62 million for the quarter, compared to analysts’ expectations of $25.87 million. On average, analysts expect USA Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
USA Technologies (USAT) opened at $8.45 on Thursday. The company has a quick ratio of 2.38, a current ratio of 2.67 and a debt-to-equity ratio of 0.01. USA Technologies has a one year low of $3.80 and a one year high of $10.10. The company has a market capitalization of $459.79, a PE ratio of 845.85 and a beta of 1.02.
In other USA Technologies news, Director Albin F. Moschner sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $8.46, for a total transaction of $50,760.00. Following the sale, the director now owns 416,926 shares in the company, valued at $3,527,193.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Albin F. Moschner sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $8.25, for a total value of $165,000.00. Following the sale, the director now owns 422,926 shares in the company, valued at approximately $3,489,139.50. The disclosure for this sale can be found here. Insiders have sold 120,901 shares of company stock worth $1,080,337 in the last 90 days. 4.38% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in USA Technologies stock. State Street Corp raised its position in shares of USA Technologies, Inc. (NASDAQ:USAT) by 14.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 572,188 shares of the technology company’s stock after buying an additional 72,356 shares during the quarter. State Street Corp owned about 1.42% of USA Technologies worth $2,975,000 at the end of the most recent quarter. 50.78% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on USAT shares. Zacks Investment Research cut USA Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub cut USA Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Finally, Northland Securities set a $12.00 price target on USA Technologies and gave the stock a “buy” rating in a research note on Monday, December 18th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $11.50.
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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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