Published On: Thu, Sep 15th, 2016

USA Technologies Inc. (USAT) to Post Q2 2017 Earnings of $0.00 Per Share, Feltl & Co. Forecasts

USA Technologies Inc. (NASDAQ:USAT) – Investment analysts at Feltl & Co. reduced their Q2 2017 EPS estimates for shares of USA Technologies in a research report issued to clients and investors on Wednesday. Feltl & Co. analyst J. Elving now anticipates that the brokerage will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.02. Feltl & Co. also issued estimates for USA Technologies’ Q3 2017 earnings at $0.01 EPS, Q1 2018 earnings at $0.02 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.06 EPS and FY2018 earnings at $0.16 EPS.
USA Technologies (NASDAQ:USAT) last issued its earnings results on Tuesday, September 13th. The company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.03. USA Technologies had a negative return on equity of 1.48% and a negative net margin of 8.79%. The company earned $21.90 million during the quarter.
Separately, Zacks Investment Research raised USA Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, July 14th.

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Shares of USA Technologies (NASDAQ:USAT) traded up 0.21% during midday trading on Thursday, reaching $4.83. The company’s stock had a trading volume of 275,451 shares. The stock has a 50 day moving average price of $4.97 and a 200-day moving average price of $4.45. The company’s market capitalization is $177.43 million. USA Technologies has a 52-week low of $2.13 and a 52-week high of $5.30.
Large investors have recently added to or reduced their stakes in the stock. Thomson Horstmann & Bryant Inc. boosted its position in 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 during the last quarter. Vivaldi Asset Management LLC acquired a new position in USA Technologies during the first quarter worth about $1,278,000. BlackRock Institutional Trust Company N.A. boosted its position in USA Technologies by 30.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 184,292 shares of the company’s stock worth $804,000 after buying an additional 43,405 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in USA Technologies during the first quarter worth about $108,000. Finally, Goldman Sachs Group Inc. acquired a new position in USA Technologies during the first quarter worth about $245,000. Institutional investors and hedge funds own 45.73% of the company’s stock.
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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