Brokerages expect that USA Technologies (NASDAQ:USAT) will report $44.21 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for USA Technologies’ earnings. The lowest sales estimate is $44.00 million and the highest is $44.50 million. USA Technologies reported sales of $34.29 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.9%. The firm is expected to announce its next quarterly earnings report on Tuesday, August 28th.
On average, analysts expect that USA Technologies will report full year sales of $138.14 million for the current year, with estimates ranging from $137.95 million to $138.40 million. For the next fiscal year, analysts expect that the firm will post sales of $176.30 million per share, with estimates ranging from $168.61 million to $183.60 million. Zacks’ sales averages are an average based on a survey of analysts that follow USA Technologies.
USA Technologies (NASDAQ:USAT) last issued its earnings results on Tuesday, May 8th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. USA Technologies had a negative net margin of 8.83% and a positive return on equity of 3.60%. The company had revenue of $35.80 million for the quarter, compared to the consensus estimate of $38.29 million. USA Technologies’s revenue was up 35.1% on a year-over-year basis.
Several brokerages recently commented on USAT. BidaskClub raised shares of USA Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Barrington Research reaffirmed a “buy” rating on shares of USA Technologies in a research note on Monday, May 7th. ValuEngine raised shares of USA Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Lake Street Capital assumed coverage on shares of USA Technologies in a research note on Tuesday, April 3rd. They issued a “buy” rating and a $11.00 target price on the stock. Finally, Northland Securities reissued a “buy” rating and set a $14.00 price objective on shares of USA Technologies in a research report on Thursday, March 15th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $11.67.
Shares of NASDAQ USAT traded up $0.15 during mid-day trading on Friday, hitting $12.00. The stock had a trading volume of 548,100 shares, compared to its average volume of 546,216. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.29. USA Technologies has a 1 year low of $11.75 and a 1 year high of $11.95. The company has a market cap of $630.63 million, a price-to-earnings ratio of -598.50 and a beta of 0.64.
Institutional investors have recently modified their holdings of the business. Two Sigma Securities LLC purchased a new position in USA Technologies during the 4th quarter valued at $118,000. Bayesian Capital Management LP purchased a new position in USA Technologies during the 1st quarter valued at $120,000. Aperio Group LLC purchased a new position in USA Technologies during the 4th quarter valued at $156,000. MetLife Investment Advisors LLC purchased a new position in USA Technologies during the 4th quarter valued at $233,000. Finally, Centaurus Financial Inc. purchased a new position in USA Technologies during the 4th quarter valued at $254,000. 58.40% of the stock is currently owned by institutional investors and hedge funds.
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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