Cardtronics PLC (CATM) Expected to Announce Quarterly Sales of $347.15 Million

Wall Street brokerages forecast that Cardtronics PLC (NASDAQ:CATM) will post sales of $347.15 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Cardtronics’ earnings, with the lowest sales estimate coming in at $332.58 million and the highest estimate coming in at $377.00 million. Cardtronics posted sales of $309.82 million during the same quarter last year, which would indicate a positive year over year growth rate of 12%. The business is expected to announce its next earnings report on Thursday, February 8th.

On average, analysts expect that Cardtronics will report full-year sales of $347.15 million for the current financial year, with estimates ranging from $1.48 billion to $1.52 billion. For the next year, analysts anticipate that the company will report sales of $1.31 billion per share, with estimates ranging from $1.25 billion to $1.37 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Cardtronics.

Cardtronics (NASDAQ:CATM) last posted its earnings results on Thursday, November 2nd. The business services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Cardtronics had a positive return on equity of 29.32% and a negative net margin of 9.37%. The firm had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $383.97 million. During the same period in the previous year, the firm earned $0.98 earnings per share. The company’s revenue was up 22.4% on a year-over-year basis.

Several research firms have recently weighed in on CATM. Zacks Investment Research raised Cardtronics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. TheStreet cut Cardtronics from a “c” rating to a “d” rating in a research report on Friday, November 3rd. SunTrust Banks reaffirmed a “buy” rating and set a $25.00 price objective on shares of Cardtronics in a research report on Friday, November 3rd. Lake Street Capital cut Cardtronics from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $31.00 in a research report on Tuesday, September 26th. Finally, William Blair lowered Cardtronics from an “outperform” rating to a “market perform” rating in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.00.

Cardtronics (NASDAQ:CATM) traded down $0.17 during trading hours on Wednesday, reaching $17.65. The company’s stock had a trading volume of 307,951 shares, compared to its average volume of 640,845. Cardtronics has a 1 year low of $15.80 and a 1 year high of $56.00. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of $814.04, a PE ratio of 6.27, a price-to-earnings-growth ratio of 0.56 and a beta of 0.64.

In other news, CFO Edward H. West bought 12,500 shares of the stock in a transaction dated Tuesday, November 7th. The shares were bought at an average price of $17.29 per share, for a total transaction of $216,125.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis Lynch bought 5,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $85,000.00. The disclosure for this purchase can be found here. Insiders acquired 20,000 shares of company stock worth $343,150 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

A number of large investors have recently modified their holdings of CATM. Teachers Advisors LLC grew its position in Cardtronics by 2.9% during the first quarter. Teachers Advisors LLC now owns 76,357 shares of the business services provider’s stock worth $3,570,000 after buying an additional 2,155 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in Cardtronics by 4.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 10,760 shares of the business services provider’s stock worth $354,000 after buying an additional 440 shares in the last quarter. Texas Permanent School Fund boosted its holdings in shares of Cardtronics by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 33,320 shares of the business services provider’s stock valued at $1,095,000 after purchasing an additional 328 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Cardtronics by 16.8% in the 2nd quarter. Sei Investments Co. now owns 72,633 shares of the business services provider’s stock valued at $2,387,000 after purchasing an additional 10,461 shares in the last quarter. Finally, Palisade Capital Management LLC NJ acquired a new stake in shares of Cardtronics in the 2nd quarter valued at $780,000.

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Cardtronics Company Profile

Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.

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Earnings History and Estimates for Cardtronics (NASDAQ:CATM)

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