Barrington Research Comments on USA Technologies Inc.’s Q2 2017 Earnings (USAT)
USA Technologies Inc. (NASDAQ:USAT) – Research analysts at Barrington Research lowered their Q2 2017 earnings per share (EPS) estimates for shares of USA Technologies in a note issued to investors on Thursday. Barrington Research analyst G. Prestopino now forecasts that the firm will post earnings per share of $0.00 for the quarter, down from their prior forecast of $0.01. Barrington Research also issued estimates for USA Technologies’ Q3 2017 earnings at $0.00 EPS, Q4 2017 earnings at $0.02 EPS, Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $0.11 EPS.
USA Technologies (NASDAQ:USAT) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.04. USA Technologies had a negative net margin of 11.69% and a negative return on equity of 3.92%. The business earned $21.60 million during the quarter, compared to analyst estimates of $21.31 million.
Separately, Zacks Investment Research downgraded shares of USA Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 15th.
Shares of USA Technologies (NASDAQ:USAT) opened at 3.95 on Monday. The stock has a 50 day moving average of $5.01 and a 200-day moving average of $4.70. USA Technologies has a 52-week low of $2.69 and a 52-week high of $5.81. The firm’s market capitalization is $151.49 million.
A number of large investors have recently modified their holdings of the company. Hancock Holding Co. purchased a new stake in shares of USA Technologies during the second quarter worth about $107,000. Highbridge Capital Management LLC bought a new position in USA Technologies during the second quarter worth $108,000. BlackRock Advisors LLC increased its position in USA Technologies by 46.3% in the third quarter. BlackRock Advisors LLC now owns 20,067 shares of the company’s stock worth $112,000 after buying an additional 6,355 shares in the last quarter. Eaton Vance Management bought a new position in USA Technologies during the second quarter worth $119,000. Finally, Rhumbline Advisers bought a new position in USA Technologies during the second quarter worth $131,000. 43.79% of the stock is owned by institutional investors and hedge funds.
USA Technologies Company Profile
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other market segments, such as amusement, commercial laundry, kiosk and others.
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