Cardtronics PLC to Post FY2017 Earnings of $2.59 Per Share, Barrington Research Forecasts (CATM)
Cardtronics PLC (NASDAQ:CATM) – Equities research analysts at Barrington Research boosted their FY2017 earnings estimates for shares of Cardtronics PLC in a research report issued on Tuesday. Barrington Research analyst G. Prestopino now anticipates that the business services provider will post earnings of $2.59 per share for the year, up from their previous forecast of $2.53. Barrington Research also issued estimates for Cardtronics PLC’s Q4 2017 earnings at $0.47 EPS.
Cardtronics PLC (NASDAQ:CATM) last posted its earnings results on Thursday, November 2nd. The business services provider reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.10. Cardtronics PLC had a negative net margin of 9.37% and a positive return on equity of 29.32%. The firm had revenue of $402.00 million for the quarter, compared to analyst estimates of $383.97 million. During the same period in the previous year, the firm posted $0.98 EPS. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This article was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/11/12/cardtronics-plc-to-post-fy2017-earnings-of-2-59-per-share-barrington-research-forecasts-catm.html.
Other research analysts also recently issued research reports about the stock. SunTrust Banks, Inc. reiterated a “buy” rating and set a $25.00 target price on shares of Cardtronics PLC in a research report on Friday, November 3rd. TheStreet lowered shares of Cardtronics PLC from a “c” rating to a “d” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Cardtronics PLC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Lake Street Capital lowered shares of Cardtronics PLC from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $31.00 in a research report on Tuesday, September 26th. Finally, William Blair lowered shares of Cardtronics PLC from an “outperform” rating to a “market perform” rating in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $37.00.
Cardtronics PLC (NASDAQ CATM) opened at $17.26 on Friday. The stock has a market cap of $788.45, a P/E ratio of 6.08, a PEG ratio of 0.54 and a beta of 0.75. Cardtronics PLC has a 1 year low of $16.11 and a 1 year high of $56.00. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.82 and a quick ratio of 0.78.
Several institutional investors have recently added to or reduced their stakes in CATM. BlackRock Inc. grew its stake in shares of Cardtronics PLC by 134,627.3% during the 1st quarter. BlackRock Inc. now owns 5,413,341 shares of the business services provider’s stock valued at $253,074,000 after purchasing an additional 5,409,323 shares during the period. JPMorgan Chase & Co. lifted its holdings in Cardtronics PLC by 106.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 302,469 shares of the business services provider’s stock worth $9,939,000 after purchasing an additional 5,066,029 shares in the last quarter. FMR LLC lifted its holdings in Cardtronics PLC by 33.3% in the 2nd quarter. FMR LLC now owns 3,634,132 shares of the business services provider’s stock worth $119,417,000 after purchasing an additional 906,953 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Cardtronics PLC by 78.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,346,200 shares of the business services provider’s stock worth $44,236,000 after purchasing an additional 593,200 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of Cardtronics PLC during the 3rd quarter worth approximately $10,897,000.
In related news, CFO Edward H. West purchased 12,500 shares of the stock in a transaction dated Tuesday, November 7th. The stock was purchased at an average price of $17.29 per share, with a total value of $216,125.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dennis Lynch purchased 5,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was bought at an average cost of $17.00 per share, with a total value of $85,000.00. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.
Cardtronics PLC Company Profile
Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.
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