USA Technologies, Inc. (NASDAQ:USAT) - Equities researchers at Barrington Research reduced their Q2 2018 earnings per share (EPS) estimates for USA Technologies in a research note issued on Wednesday. Barrington Research analyst G. Prestopino now anticipates that the technology company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.02. Barrington Research also issued estimates for USA Technologies’ Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.07 EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.03 EPS, Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.05 EPS and FY2019 earnings at $0.13 EPS.
USA Technologies (NASDAQ:USAT) last released its quarterly earnings data on Tuesday, August 22nd. The technology company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $34.29 million during the quarter, compared to the consensus estimate of $33.29 million. USA Technologies had a negative net margin of 1.78% and a negative return on equity of 0.81%.
A number of other research firms have also recently commented on USAT. ValuEngine raised USA Technologies from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research cut USA Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. William Blair assumed coverage on USA Technologies in a report on Thursday. They set an “outperform” rating for the company. Finally, BidaskClub cut USA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 12th.
USA Technologies (USAT) opened at 5.50 on Thursday. The firm has a 50-day moving average of $5.27 and a 200-day moving average of $4.78. USA Technologies has a 12-month low of $3.55 and a 12-month high of $5.90. The firm’s market cap is $221.82 million.
Several institutional investors have recently bought and sold shares of USAT. Bank of New York Mellon Corp boosted its position in USA Technologies by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 123,665 shares of the technology company’s stock worth $643,000 after buying an additional 1,540 shares during the period. Rhumbline Advisers boosted its position in USA Technologies by 25.2% in the second quarter. Rhumbline Advisers now owns 39,402 shares of the technology company’s stock worth $205,000 after buying an additional 7,935 shares during the period. Monarch Partners Asset Management LLC boosted its position in USA Technologies by 13.8% in the second quarter. Monarch Partners Asset Management LLC now owns 114,430 shares of the technology company’s stock worth $595,000 after buying an additional 13,840 shares during the period. Citadel Advisors LLC raised its stake in shares of USA Technologies by 26.4% in the first quarter. Citadel Advisors LLC now owns 47,464 shares of the technology company’s stock worth $202,000 after buying an additional 9,912 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of USA Technologies by 5.3% in the first quarter. Geode Capital Management LLC now owns 274,159 shares of the technology company’s stock worth $1,165,000 after buying an additional 13,887 shares in the last quarter. 36.22% of the stock is owned by institutional investors.
About USA Technologies
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) 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 unattended market segments, such as amusement, commercial laundry, kiosk and others.
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