Wall Street analysts expect USA Technologies, Inc. (NASDAQ:USAT) to report $38.09 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for USA Technologies’ earnings, with the highest sales estimate coming in at $40.10 million and the lowest estimate coming in at $36.54 million. USA Technologies reported sales of $26.46 million in the same quarter last year, which indicates a positive year over year growth rate of 44%. The business is scheduled to report its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that USA Technologies will report full-year sales of $38.09 million for the current fiscal year, with estimates ranging from $140.38 million to $141.70 million. For the next fiscal year, analysts forecast that the business will post sales of $175.09 million per share, with estimates ranging from $170.73 million to $179.46 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for USA Technologies.
USA Technologies (NASDAQ:USAT) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $32.51 million for the quarter, compared to the consensus estimate of $31.38 million. USA Technologies had a negative net margin of 10.39% and a positive return on equity of 2.18%.
USA Technologies (NASDAQ USAT) traded down $0.28 during mid-day trading on Friday, hitting $8.47. 340,500 shares of the company’s stock traded hands, compared to its average volume of 512,164. The stock has a market capitalization of $454.46, a P/E ratio of -33.92 and a beta of 0.65. USA Technologies has a 52-week low of $3.80 and a 52-week high of $10.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 1.05.
In other news, Director Albin F. Moschner sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $8.29, for a total value of $99,480.00. Following the transaction, the director now owns 392,926 shares in the company, valued at $3,257,356.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Albin F. Moschner sold 6,000 shares of USA Technologies stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $8.46, for a total transaction of $50,760.00. Following the completion of the sale, the director now owns 416,926 shares in the company, valued at approximately $3,527,193.96. The disclosure for this sale can be found here. Insiders sold 100,901 shares of company stock worth $915,337 in the last 90 days. Company insiders own 4.38% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in USA Technologies by 8.1% in the fourth quarter. BlackRock Inc. now owns 2,333,019 shares of the technology company’s stock valued at $22,748,000 after acquiring an additional 175,481 shares in the last quarter. Next Century Growth Investors LLC boosted its holdings in USA Technologies by 51.7% in the fourth quarter. Next Century Growth Investors LLC now owns 1,552,604 shares of the technology company’s stock valued at $15,137,000 after acquiring an additional 529,142 shares in the last quarter. Vanguard Group Inc. boosted its holdings in USA Technologies by 3.1% in the second quarter. Vanguard Group Inc. now owns 1,484,520 shares of the technology company’s stock valued at $7,720,000 after acquiring an additional 44,378 shares in the last quarter. Wasatch Advisors Inc. boosted its holdings in USA Technologies by 15.8% in the third quarter. Wasatch Advisors Inc. now owns 1,341,079 shares of the technology company’s stock valued at $8,382,000 after acquiring an additional 182,701 shares in the last quarter. Finally, RK Capital Management LLC bought a new stake in USA Technologies in the third quarter valued at $8,027,000. Institutional investors and hedge funds own 57.50% of the company’s stock.
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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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