Zacks: Analysts Anticipate Cardtronics PLC (NASDAQ:CATM) Will Announce Earnings of $0.51 Per Share

Brokerages expect that Cardtronics PLC (NASDAQ:CATM) will report earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Cardtronics’ earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.45. Cardtronics posted earnings per share of $0.61 in the same quarter last year, which suggests a negative year-over-year growth rate of 16.4%. The company is scheduled to report its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Cardtronics will report full year earnings of $2.08 per share for the current year, with EPS estimates ranging from $2.06 to $2.10. For the next year, analysts expect that the firm will report earnings of $2.27 per share, with EPS estimates ranging from $2.15 to $2.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Cardtronics.

Cardtronics (NASDAQ:CATM) last posted its quarterly earnings results 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. Cardtronics had a return on equity of 20.70% and a net margin of 0.81%. The firm had revenue of $318.30 million during the quarter, compared to analysts’ expectations of $310.99 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue was down 5.3% on a year-over-year basis.

Several research firms have recently weighed in on CATM. ValuEngine cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Wells Fargo & Co set a $14.00 price target on Osmotica Pharmaceuticals and gave the stock a “buy” rating in a research note on Thursday, March 28th. BidaskClub cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday. DA Davidson began coverage on Cardtronics in a research note on Thursday, May 30th. They issued a “buy” rating for the company. Finally, Barrington Research set a $68.00 price target on WNS and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $40.25.

Shares of CATM stock traded up $0.49 during mid-day trading on Friday, hitting $28.35. The company’s stock had a trading volume of 250,700 shares, compared to its average volume of 382,177. Cardtronics has a 52-week low of $23.57 and a 52-week high of $39.10. The company has a 50-day moving average of $29.15. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.74 and a current ratio of 0.77. The firm has a market capitalization of $1.32 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 4.07 and a beta of 1.23.

A number of institutional investors have recently bought and sold shares of CATM. Macquarie Group Ltd. increased its position in Cardtronics by 16.7% during the fourth 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. Amundi Pioneer Asset Management Inc. purchased a new stake in Cardtronics during the fourth quarter valued at $120,000. Bank of Montreal Can increased its position in Cardtronics by 15.2% during the first quarter. Bank of Montreal Can now owns 4,144 shares of the business services provider’s stock valued at $148,000 after acquiring an additional 547 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Cardtronics during the first quarter valued at $238,000. Finally, Blueshift Asset Management LLC purchased a new stake in Cardtronics during the fourth quarter valued at $248,000.

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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