Cardtronics (NASDAQ:CATM) Releases Quarterly Earnings Results, Beats Expectations By $0.25 EPS

Cardtronics (NASDAQ:CATM) released its quarterly earnings data on Thursday. The business services provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.25, Bloomberg Earnings reports. Cardtronics had a return on equity of 21.51% and a net margin of 1.32%. The company had revenue of $340.80 million for the quarter, compared to the consensus estimate of $331.84 million. During the same quarter last year, the business posted $0.61 EPS. Cardtronics’s revenue for the quarter was down .1% on a year-over-year basis. Cardtronics updated its FY 2019 guidance to $2.24-2.36 EPS and its FY19 guidance to $2.24-2.36 EPS.

CATM traded up $3.10 during midday trading on Friday, hitting $33.12. 2,095,737 shares of the company were exchanged, compared to its average volume of 432,577. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 4.27 and a beta of 1.29. Cardtronics has a 1-year low of $23.57 and a 1-year high of $39.10. The business has a 50 day moving average price of $28.18. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.77 and a quick ratio of 0.74.

Several equities research analysts recently weighed in on CATM shares. Zacks Investment Research downgraded Cardtronics from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. BidaskClub downgraded Cardtronics from a “hold” rating to a “sell” rating in a report on Friday, July 19th. DA Davidson started coverage on Cardtronics in a report on Thursday, May 30th. They set a “buy” rating on the stock. Barrington Research reissued a “buy” rating and set a $40.00 price objective on shares of Cardtronics in a report on Friday. Finally, ValuEngine downgraded Cardtronics from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $38.25.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Arizona State Retirement System lifted its holdings in Cardtronics by 0.5% during the 1st quarter. Arizona State Retirement System now owns 57,805 shares of the business services provider’s stock worth $2,057,000 after buying an additional 292 shares during the period. Macquarie Group Ltd. lifted its holdings in Cardtronics by 16.7% during the 4th quarter. Macquarie Group Ltd. now owns 2,800 shares of the business services provider’s stock worth $73,000 after buying an additional 400 shares during the period. Mason Street Advisors LLC lifted its holdings in Cardtronics by 3.8% during the 1st quarter. Mason Street Advisors LLC now owns 12,034 shares of the business services provider’s stock worth $428,000 after buying an additional 436 shares during the period. Legal & General Group Plc lifted its holdings in Cardtronics by 0.5% during the 4th quarter. Legal & General Group Plc now owns 90,618 shares of the business services provider’s stock worth $2,340,000 after buying an additional 448 shares during the period. Finally, Aperio Group LLC lifted its holdings in Cardtronics by 3.4% during the 2nd quarter. Aperio Group LLC now owns 13,760 shares of the business services provider’s stock worth $376,000 after buying an additional 458 shares during the period.

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 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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Earnings History for Cardtronics (NASDAQ:CATM)

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