$332.72 Million in Sales Expected for Cardtronics PLC (CATM) This Quarter

Wall Street brokerages expect that Cardtronics PLC (NASDAQ:CATM) will post sales of $332.72 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Cardtronics’ earnings, with estimates ranging from $322.42 million to $337.04 million. Cardtronics posted sales of $340.99 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.4%. The company is expected to announce its next earnings results on Thursday, August 1st.

On average, analysts expect that Cardtronics will report full-year sales of $1.34 billion for the current financial year, with estimates ranging from $1.32 billion to $1.35 billion. For the next year, analysts anticipate that the company will report sales of $1.40 billion, with estimates ranging from $1.37 billion to $1.42 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Cardtronics.

Cardtronics (NASDAQ:CATM) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.11. The firm had revenue of $318.30 million for the quarter, compared to analysts’ expectations of $310.99 million. Cardtronics had a net margin of 0.81% and a return on equity of 20.70%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS.

Several equities research analysts recently issued reports on CATM shares. Barrington Research reissued a “buy” rating and issued a $40.00 target price on shares of Cardtronics in a report on Friday, February 22nd. Zacks Investment Research raised shares of Cardtronics from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Wednesday, February 13th. ValuEngine raised shares of Cardtronics from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. Finally, BidaskClub raised shares of Cardtronics from a “sell” rating to a “hold” rating in a report on Friday, January 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cardtronics presently has a consensus rating of “Buy” and an average target price of $39.25.

Cardtronics stock traded down $0.45 during midday trading on Monday, hitting $34.84. The stock had a trading volume of 2,976 shares, compared to its average volume of 357,747. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.74 and a beta of 1.32. Cardtronics has a 52-week low of $23.48 and a 52-week high of $39.10. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 2.33.

Several hedge funds and other institutional investors have recently bought and sold shares of CATM. Quantamental Technologies LLC bought a new position in shares of Cardtronics during the 4th quarter valued at approximately $45,000. Macquarie Group Ltd. boosted its position in shares of Cardtronics by 16.7% during the 4th quarter. Macquarie Group Ltd. now owns 2,800 shares of the business services provider’s stock valued at $73,000 after acquiring an additional 400 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Cardtronics by 30.3% during the 4th quarter. Bank of Montreal Can now owns 3,597 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 836 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Cardtronics by 254.2% during the 4th quarter. LS Investment Advisors LLC now owns 3,921 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 2,814 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Cardtronics during the 4th quarter valued at approximately $120,000.

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 balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, financial institutions, and operators of facilities, such as shopping malls, airports, and train stations.

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