Cardtronics (CATM) Issues Earnings Results, Beats Expectations By $0.18 EPS
Cardtronics (NASDAQ:CATM) released its quarterly earnings results on Tuesday. The business services provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.18, Bloomberg Earnings reports. The business had revenue of $363.00 million during the quarter, compared to analyst estimates of $340.23 million. Cardtronics had a negative net margin of 9.37% and a positive return on equity of 29.32%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the business earned $0.79 EPS. Cardtronics updated its FY18 guidance to $1.35-1.55 EPS.
Cardtronics (NASDAQ CATM) opened at $24.69 on Wednesday. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.82 and a quick ratio of 0.78. Cardtronics has a 52-week low of $15.80 and a 52-week high of $47.45. The stock has a market cap of $1,154.83, a PE ratio of -8.26, a PEG ratio of 1.25 and a beta of 0.88.
A number of research firms recently weighed in on CATM. ValuEngine lowered shares of Cardtronics from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. BidaskClub raised shares of Cardtronics from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Wells Fargo & Co raised shares of Cardtronics from a “market perform” rating to an “outperform” rating and set a $29.00 price target for the company in a report on Wednesday, January 24th. Zacks Investment Research lowered shares of Cardtronics from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Bank of America reaffirmed an “underperform” rating on shares of Cardtronics in a report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Cardtronics has an average rating of “Hold” and a consensus price target of $31.25.
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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