Cardtronics (NASDAQ:CATM) issued its quarterly earnings data on Thursday. The business services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20, Briefing.com reports. The company had revenue of $340.18 million during the quarter, compared to the consensus estimate of $319.30 million. Cardtronics had a negative net margin of 11.00% and a positive return on equity of 24.21%. Cardtronics’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Cardtronics updated its FY18 guidance to $2.00-2.05 EPS.
Shares of CATM stock traded up $4.83 during trading hours on Friday, reaching $32.59. 56,537 shares of the company’s stock were exchanged, compared to its average volume of 490,660. The company has a market cap of $1.22 billion, a PE ratio of 11.68, a PEG ratio of 1.38 and a beta of 1.19. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.21. Cardtronics has a fifty-two week low of $15.80 and a fifty-two week high of $39.10.
In other Cardtronics news, Director Hudson Executive Capital Lp purchased 25,200 shares of Cardtronics stock in a transaction dated Friday, August 10th. The shares were acquired at an average cost of $29.97 per share, with a total value of $755,244.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Rossi purchased 5,000 shares of Cardtronics stock in a transaction dated Monday, August 13th. The shares were acquired at an average cost of $30.25 per share, for a total transaction of $151,250.00. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.
CATM has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Cardtronics from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Wednesday, October 10th. BidaskClub raised shares of Cardtronics from a “hold” rating to a “buy” rating in a research note on Saturday, August 25th. ValuEngine raised Cardtronics from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Barrington Research raised Cardtronics to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday. Finally, TheStreet raised Cardtronics from a “d+” rating to a “c-” rating in a research report on Monday, August 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.40.
Cardtronics Company Profile
Cardtronics plc provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The company offers cash dispensing and bank balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, and operators of facilities, such as shopping malls, airports, and train stations.
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