Q3 2018 Earnings Estimate for Cardtronics PLC Issued By Northcoast Research (NASDAQ:CATM)

Cardtronics PLC (NASDAQ:CATM) – Equities research analysts at Northcoast Research reduced their Q3 2018 earnings per share (EPS) estimates for shares of Cardtronics in a report issued on Wednesday, October 17th, according to Zacks Investment Research. Northcoast Research analyst K. Mehta now anticipates that the business services provider will earn $0.38 per share for the quarter, down from their previous forecast of $0.39.

Several other equities research analysts have also issued reports on CATM. ValuEngine lowered Cardtronics from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. BidaskClub lowered Cardtronics from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Barrington Research reaffirmed a “hold” rating on shares of Cardtronics in a research note on Tuesday, July 31st. Zacks Investment Research raised Cardtronics from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Wednesday, October 10th. Finally, TheStreet raised Cardtronics from a “d+” rating to a “c-” rating in a research note on Monday, August 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $31.40.

Cardtronics stock traded up $0.31 during midday trading on Friday, hitting $36.05. 543,964 shares of the company’s stock were exchanged, compared to its average volume of 640,133. Cardtronics has a 52-week low of $15.80 and a 52-week high of $39.10. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 1.65 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, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.20. Cardtronics had a return on equity of 24.77% and a net margin of 1.86%. The business had revenue of $340.18 million during the quarter, compared to analysts’ expectations of $319.30 million. During the same period in the previous year, the business earned $0.96 earnings per share. The firm’s revenue was down 15.4% on a year-over-year basis.

In related news, Director Mark Rossi bought 5,000 shares of the stock in a transaction dated Monday, August 13th. The stock was bought at an average price of $30.25 per share, with a total value of $151,250.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CATM. Legal & General Group Plc increased its holdings in Cardtronics by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 99,375 shares of the business services provider’s stock valued at $2,427,000 after purchasing an additional 3,658 shares during the period. Xact Kapitalforvaltning AB purchased a new position in Cardtronics during the 3rd quarter valued at about $256,000. SG Americas Securities LLC purchased a new position in Cardtronics during the 2nd quarter valued at about $487,000. Macquarie Group Ltd. purchased a new position in Cardtronics during the 2nd quarter valued at about $230,000. Finally, Millennium Management LLC purchased a new position in Cardtronics during the 2nd quarter valued at about $7,152,000.

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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