USA Technologies, Inc. (USAT) Expected to Announce Quarterly Sales of $31.38 Million

Analysts expect USA Technologies, Inc. (NASDAQ:USAT) to post sales of $31.38 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for USA Technologies’ earnings, with the highest sales estimate coming in at $32.60 million and the lowest estimate coming in at $30.11 million. USA Technologies posted sales of $21.76 million during the same quarter last year, which suggests a positive year over year growth rate of 44.2%. The company is expected to announce its next earnings results on Wednesday, February 14th.

On average, analysts expect that USA Technologies will report full-year sales of $31.38 million for the current year, with estimates ranging from $137.27 million to $141.70 million. For the next fiscal year, analysts expect that the firm will post sales of $173.39 million per share, with estimates ranging from $166.36 million to $178.10 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow USA Technologies.

USA Technologies (NASDAQ:USAT) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The firm had revenue of $25.62 million for the quarter, compared to the consensus estimate of $25.87 million. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%.

A number of research analysts have recently issued reports on USAT shares. Zacks Investment Research downgraded USA Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub downgraded USA Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. ValuEngine raised USA Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. William Blair started coverage on USA Technologies in a research note on Thursday, August 24th. They issued an “outperform” rating on the stock. Finally, Northland Securities reissued a “buy” rating and issued a $7.25 price objective on shares of USA Technologies in a research note on Tuesday, September 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. USA Technologies presently has an average rating of “Hold” and an average price target of $7.50.

USA Technologies (USAT) opened at $8.70 on Wednesday. The company has a market capitalization of $447.73, a PE ratio of 417.50 and a beta of 0.87. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.01. USA Technologies has a twelve month low of $3.80 and a twelve month high of $8.80.

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In other news, Director Albin F. Moschner sold 20,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $8.25, for a total value of $165,000.00. Following the transaction, the director now directly owns 422,926 shares of the company’s stock, valued at approximately $3,489,139.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.38% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. bought a new stake in USA Technologies in the 3rd quarter valued at about $121,000. Alliancebernstein L.P. bought a new stake in USA Technologies in the 2nd quarter valued at about $130,000. New York State Common Retirement Fund increased its position in USA Technologies by 75.7% in the 2nd quarter. New York State Common Retirement Fund now owns 29,700 shares of the technology company’s stock valued at $154,000 after buying an additional 12,799 shares in the last quarter. Archon Capital Management LLC bought a new stake in USA Technologies in the 3rd quarter valued at about $188,000. Finally, The Manufacturers Life Insurance Company increased its position in USA Technologies by 17.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock valued at $181,000 after buying an additional 5,263 shares in the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

About USA Technologies

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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Earnings History and Estimates for USA Technologies (NASDAQ:USAT)

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