USA Technologies, Inc. (NASDAQ:USAT) – Stock analysts at William Blair reduced their Q4 2018 earnings estimates for USA Technologies in a research note issued on Thursday. William Blair analyst R. Napoli now forecasts 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.
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 the Zacks’ consensus estimate 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 business had revenue of $32.51 million during the quarter, compared to analyst estimates of $31.38 million.
Other equities research analysts have also issued research reports about the stock. Northland Securities set a $12.00 price target on shares of USA Technologies and gave the company a “buy” rating in a research report on Monday, December 18th. Zacks Investment Research raised shares of USA Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, BidaskClub lowered shares of USA Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.00.
Shares of USA Technologies (USAT) traded down $0.60 during trading hours on Monday, reaching $8.55. The company’s stock had a trading volume of 566,800 shares, compared to its average volume of 498,910. USA Technologies has a fifty-two week low of $3.80 and a fifty-two week high of $10.10. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.01. The stock has a market cap of $490.65, a price-to-earnings ratio of -35.21 and a beta of 0.65.
Several large investors have recently made changes to their positions in the stock. RK Capital Management LLC bought a new position in USA Technologies in the 3rd quarter worth approximately $8,027,000. Russell Investments Group Ltd. bought a new position in USA Technologies in the 3rd quarter worth approximately $7,163,000. UBS Asset Management Americas Inc. bought a new position in USA Technologies in the 4th quarter worth approximately $11,007,000. Emerald Advisers Inc. PA boosted its stake in USA Technologies by 1,408.0% in the 4th quarter. Emerald Advisers Inc. PA now owns 572,131 shares of the technology company’s stock worth $5,578,000 after purchasing an additional 534,191 shares during the period. Finally, Next Century Growth Investors LLC boosted its stake in USA Technologies by 51.7% in the 4th quarter. Next Century Growth Investors LLC now owns 1,552,604 shares of the technology company’s stock worth $15,137,000 after purchasing an additional 529,142 shares during the period. Institutional investors own 52.71% of the company’s stock.
In related news, Director Albin F. Moschner sold 6,000 shares of the business’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 completion of the transaction, the director now directly owns 416,926 shares in the company, valued at approximately $3,527,193.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Albin F. Moschner sold 8,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 416,926 shares of the company’s stock, valued at $3,531,363.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,901 shares of company stock valued at $1,080,337. 4.38% of the stock is currently owned by corporate insiders.
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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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