USA Technologies, Inc. (NASDAQ:USAT) – Equities researchers at William Blair lifted their FY2018 earnings per share estimates for shares of USA Technologies in a research report issued on Wednesday. William Blair analyst R. Napoli now expects that the technology company will post earnings per share of $0.07 for the year, up from their previous estimate of $0.04. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for USA Technologies’ Q4 2018 earnings at $0.04 EPS, Q1 2019 earnings at $0.04 EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.06 EPS and Q4 2019 earnings at $0.07 EPS.
USA Technologies (NASDAQ:USAT) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.00 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.01. USA Technologies had a return on equity of 1.40% and a net margin of 0.37%. The company had revenue of $25.62 million for the quarter, compared to the consensus estimate of $25.87 million. WARNING: This piece was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://stocknewstimes.com/2017/11/11/usa-technologies-inc-expected-to-earn-fy2018-earnings-of-0-07-per-share-usat.html.
A number of other analysts also recently commented on the company. Zacks Investment Research raised USA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Northland Securities reissued a “buy” rating and issued a $7.25 price objective on shares of USA Technologies in a research note on Tuesday, September 5th. ValuEngine raised USA Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, BidaskClub downgraded USA Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. USA Technologies has an average rating of “Buy” and a consensus target price of $7.50.
USA Technologies (USAT) traded up $0.25 on Friday, hitting $7.05. The stock had a trading volume of 1,125,600 shares, compared to its average volume of 285,345. USA Technologies has a 12 month low of $3.55 and a 12 month high of $7.22. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 0.02. The company has a market cap of $341.34, a P/E ratio of 340.00 and a beta of 0.87.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in shares of USA Technologies by 28.5% in the 3rd quarter. Wells Fargo & Company MN now owns 921,113 shares of the technology company’s stock worth $5,758,000 after acquiring an additional 204,185 shares during the last quarter. 1492 Capital Management LLC grew its holdings in shares of USA Technologies by 78.2% in the 3rd quarter. 1492 Capital Management LLC now owns 496,870 shares of the technology company’s stock worth $3,105,000 after acquiring an additional 218,092 shares during the last quarter. Axiom International Investors LLC DE acquired a new position in shares of USA Technologies in the 3rd quarter worth $1,954,000. Archon Capital Management LLC acquired a new position in shares of USA Technologies in the 3rd quarter worth $188,000. Finally, Wasatch Advisors Inc. grew its holdings in shares of USA Technologies by 15.8% in the 3rd quarter. Wasatch Advisors Inc. now owns 1,341,079 shares of the technology company’s stock worth $8,382,000 after acquiring an additional 182,701 shares during the last quarter. Institutional investors and hedge funds own 36.82% of the company’s stock.
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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