USA Technologies logoWall Street analysts forecast that USA Technologies, Inc. (NASDAQ:USAT) will report earnings per share (EPS) of $0.03 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for USA Technologies’ earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.04. The business is expected to issue its next earnings results on Wednesday, December 5th.
On average, analysts expect that USA Technologies will report full year earnings of $0.17 per share for the current fiscal year, with EPS estimates ranging from $0.14 to $0.19. For the next financial year, analysts anticipate that the business will post earnings of $0.24 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow USA Technologies.
A number of brokerages have commented on USAT. Zacks Investment Research lowered shares of USA Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. ValuEngine upgraded shares of USA Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, BidaskClub upgraded shares of USA Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $12.92.
A number of institutional investors have recently added to or reduced their stakes in USAT. Waddell & Reed Financial Inc. acquired a new position in USA Technologies during the 2nd quarter valued at about $20,600,000. Gilder Gagnon Howe & Co. LLC lifted its position in USA Technologies by 364.6% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,635,291 shares of the technology company’s stock valued at $22,894,000 after purchasing an additional 1,283,278 shares during the period. Morgan Stanley lifted its position in USA Technologies by 168.2% during the 3rd quarter. Morgan Stanley now owns 1,992,684 shares of the technology company’s stock valued at $14,348,000 after purchasing an additional 1,249,662 shares during the period. Janus Henderson Group PLC acquired a new position in USA Technologies during the 2nd quarter valued at about $17,044,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in USA Technologies during the 3rd quarter valued at about $8,566,000. Institutional investors own 71.15% of the company’s stock.
NASDAQ:USAT traded down $0.09 during mid-day trading on Thursday, reaching $4.95. 653,667 shares of the company were exchanged, compared to its average volume of 763,386. USA Technologies has a 12 month low of $4.64 and a 12 month high of $16.83. The company has a quick ratio of 1.08, a current ratio of 1.34 and a debt-to-equity ratio of 0.29. The firm has a market cap of $297.01 million, a P/E ratio of 70.71 and a beta of 0.93.
About USA Technologies
USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.
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