Cardtronics (CATM) Issues FY18 Earnings Guidance

Cardtronics (NASDAQ:CATM) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $2.00-2.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.82. The company issued revenue guidance of $1.31-1.34 billion, compared to the consensus revenue estimate of $1.30 billion.

NASDAQ CATM traded up $6.20 during trading hours on Friday, reaching $33.96. The company had a trading volume of 2,369,086 shares, compared to its average volume of 519,600. Cardtronics has a 1-year low of $15.80 and a 1-year high of $39.10. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a market capitalization of $1.57 billion, a P/E ratio of 12.26, a PEG ratio of 1.76 and a beta of 1.26.

Cardtronics (NASDAQ:CATM) last posted its earnings results on Thursday, November 1st. The business services provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.20. Cardtronics had a negative net margin of 11.00% and a positive return on equity of 24.21%. The company had revenue of $340.18 million for the quarter, compared to analysts’ expectations of $319.30 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. Cardtronics’s revenue for the quarter was down 15.4% compared to the same quarter last year. As a group, analysts anticipate that Cardtronics will post 1.61 EPS for the current year.

CATM has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Cardtronics from a buy rating to a hold rating in a research report on Monday, July 9th. ValuEngine upgraded shares of Cardtronics from a sell rating to a hold rating in a research note on Tuesday, July 10th. Barrington Research reiterated a hold rating on shares of Cardtronics in a research note on Tuesday, July 31st. BidaskClub upgraded shares of Cardtronics from a hold rating to a buy rating in a research note on Saturday, August 25th. Finally, TheStreet upgraded shares of Cardtronics from a d+ rating to a c- rating in a research note on Monday, August 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Cardtronics currently has an average rating of Hold and a consensus target price of $31.40.

In other Cardtronics news, Director Hudson Executive Capital Lp purchased 25,200 shares of the business’s stock in a transaction on Friday, August 10th. The shares were bought at an average cost of $29.97 per share, for a total transaction of $755,244.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Rossi purchased 5,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were acquired at an average price of $30.25 per share, for a total transaction of $151,250.00. The disclosure for this purchase can be found here. 0.60% of the stock is owned by corporate insiders.

About Cardtronics

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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