$0.07 EPS Expected for USA Technologies, Inc. (NASDAQ:USAT) This Quarter

Wall Street analysts expect that USA Technologies, Inc. (NASDAQ:USAT) will post earnings of $0.07 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for USA Technologies’ earnings, with estimates ranging from $0.06 to $0.07. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that USA Technologies will report full-year earnings of $0.19 per share for the current year. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow USA Technologies.

A number of research firms recently weighed in on USAT. ValuEngine raised shares of USA Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub raised shares of USA Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Lake Street Capital increased their price objective on shares of USA Technologies from $4.50 to $7.00 and gave the company a “hold” rating in a research note on Thursday, June 6th. Finally, Zacks Investment Research downgraded shares of USA Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. USA Technologies currently has a consensus rating of “Buy” and a consensus target price of $8.00.

USAT traded up $0.15 during trading hours on Thursday, reaching $7.36. 519,610 shares of the stock traded hands, compared to its average volume of 1,294,821. The business’s fifty day moving average price is $7.06. USA Technologies has a fifty-two week low of $3.19 and a fifty-two week high of $16.83.

In related news, major shareholder Hudson Executive Capital Lp acquired 1,000,252 shares of USA Technologies stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $6.93 per share, for a total transaction of $6,931,746.36. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.43% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its holdings in shares of USA Technologies by 929.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,860 shares of the technology company’s stock worth $49,000 after acquiring an additional 10,708 shares during the period. Kavar Capital Partners LLC acquired a new stake in shares of USA Technologies in the 2nd quarter worth about $65,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of USA Technologies by 290.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 17,299 shares of the technology company’s stock worth $67,000 after acquiring an additional 12,873 shares during the period. Quantitative Systematic Strategies LLC increased its stake in USA Technologies by 37.9% during the 1st quarter. Quantitative Systematic Strategies LLC now owns 23,359 shares of the technology company’s stock valued at $97,000 after buying an additional 6,420 shares during the period. Finally, Greenwood Capital Associates LLC increased its stake in USA Technologies by 66.7% during the 1st quarter. Greenwood Capital Associates LLC now owns 33,386 shares of the technology company’s stock valued at $139,000 after buying an additional 13,360 shares during the period. Hedge funds and other institutional investors own 66.05% of the company’s stock.

USA Technologies Company Profile

USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.

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