Q2 2017 EPS Estimates for USA Technologies Inc. (USAT) Decreased by Analyst
USA Technologies Inc. (NASDAQ:USAT) – Craig Hallum cut their Q2 2017 EPS estimates for USA Technologies in a research note issued to investors on Wednesday. Craig Hallum analyst G. Sutton now forecasts that the firm will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.01. Craig Hallum also issued estimates for USA Technologies’ Q3 2017 earnings at $0.02 EPS, Q4 2017 earnings at $0.03 EPS, FY2017 earnings at $0.03 EPS and FY2018 earnings at $0.17 EPS.
USA Technologies (NASDAQ:USAT) last issued its quarterly earnings results on Tuesday, September 13th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.03. The business earned $21.90 million during the quarter. USA Technologies had a negative return on equity of 1.48% and a negative net margin of 8.79%.
Separately, Zacks Investment Research downgraded USA Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday.
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Shares of USA Technologies (NASDAQ:USAT) traded up 0.21% on Thursday, reaching $4.83. The company’s stock had a trading volume of 275,451 shares. USA Technologies has a 1-year low of $2.13 and a 1-year high of $5.30. The firm’s market cap is $177.43 million. The company’s 50 day moving average is $4.97 and its 200-day moving average is $4.45.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in USA Technologies by 11.7% in the second quarter. Vanguard Group Inc. now owns 1,297,670 shares of the company’s stock worth $5,541,000 after buying an additional 135,815 shares during the period. BlackRock Fund Advisors raised its stake in shares of USA Technologies by 958.0% in the second quarter. BlackRock Fund Advisors now owns 937,399 shares of the company’s stock worth $4,003,000 after buying an additional 848,801 shares in the last quarter. Cortina Asset Management LLC raised its stake in shares of USA Technologies by 286.7% in the second quarter. Cortina Asset Management LLC now owns 805,793 shares of the company’s stock worth $3,441,000 after buying an additional 597,417 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in shares of USA Technologies by 980.6% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 623,513 shares of the company’s stock worth $2,718,000 after buying an additional 565,813 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of USA Technologies by 156.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 473,165 shares of the company’s stock worth $2,020,000 after buying an additional 288,873 shares in the last quarter. 45.73% of the stock is currently owned by institutional investors.
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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