Wall Street brokerages predict that USA Technologies, Inc. (NASDAQ:USAT) will report $38.09 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for USA Technologies’ earnings. The lowest sales estimate is $36.54 million and the highest is $40.10 million. USA Technologies posted sales of $26.46 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 44%. The business is scheduled to report its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that USA Technologies will report full year sales of $38.09 million for the current fiscal year, with estimates ranging from $140.38 million to $141.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $175.09 million per share, with estimates ranging from $170.73 million to $179.46 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow USA Technologies.
USA Technologies (NASDAQ:USAT) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. USA Technologies had a negative net margin of 10.39% and a positive return on equity of 2.18%. The company had revenue of $32.51 million during the quarter, compared to the consensus estimate of $31.38 million.
A number of brokerages have recently commented on USAT. Northland Securities set a $12.00 price objective 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 downgraded shares of USA Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.00.
Shares of USA Technologies (NASDAQ USAT) traded down $0.28 on Friday, hitting $8.47. 340,500 shares of the stock were exchanged, compared to its average volume of 512,164. USA Technologies has a 52 week low of $3.80 and a 52 week high of $10.10. The company has a market cap of $454.46, a P/E ratio of -33.92 and a beta of 0.65. The company has a current ratio of 1.36, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31.
In other news, Director Albin F. Moschner sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $8.46, for a total transaction of $50,760.00. Following the completion of the sale, the director now owns 416,926 shares in the company, valued at approximately $3,527,193.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Albin F. Moschner sold 9,478 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $9.61, for a total transaction of $91,083.58. Following the sale, the director now owns 352,926 shares of the company’s stock, valued at approximately $3,391,618.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,901 shares of company stock valued at $915,337. 4.38% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of USAT. Bank of New York Mellon Corp lifted its stake in shares of USA Technologies by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 123,665 shares of the technology company’s stock worth $643,000 after buying an additional 1,540 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of USA Technologies during the 2nd quarter worth about $130,000. Teachers Advisors LLC lifted its stake in shares of USA Technologies by 4.1% during the 2nd quarter. Teachers Advisors LLC now owns 66,813 shares of the technology company’s stock worth $347,000 after buying an additional 2,620 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of USA Technologies by 2.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 105,852 shares of the technology company’s stock worth $550,000 after buying an additional 2,692 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of 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 worth $154,000 after buying an additional 12,799 shares during the last quarter. Institutional investors own 57.50% 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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