Cardtronics PLC (CATM) Receives Average Rating of “Hold” from Analysts
Cardtronics PLC (NASDAQ:CATM) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $32.00.
Several research firms have recently issued reports on CATM. Lake Street Capital lowered Cardtronics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $31.00 in a research report on Tuesday, September 26th. William Blair lowered Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Monday, September 25th. Zacks Investment Research lowered Cardtronics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded Cardtronics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, ValuEngine lowered Cardtronics from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st.
Shares of Cardtronics (NASDAQ:CATM) opened at $20.11 on Monday. The company has a market capitalization of $918.64, a price-to-earnings ratio of -6.73, a PEG ratio of 0.90 and a beta of 0.64. Cardtronics has a 52 week low of $15.80 and a 52 week high of $55.71. 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 (NASDAQ:CATM) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.10. Cardtronics had a positive return on equity of 29.32% and a negative net margin of 9.37%. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $383.97 million. During the same period last year, the company earned $0.98 EPS. The firm’s revenue was up 22.4% on a year-over-year basis. sell-side analysts predict that Cardtronics will post 2.66 earnings per share for the current fiscal year.
In other Cardtronics news, Director Dennis Lynch bought 5,000 shares of Cardtronics stock in a transaction on Tuesday, November 7th. The shares were purchased at an average cost of $17.00 per share, for a total transaction of $85,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Rossi bought 2,500 shares of Cardtronics stock in a transaction on Monday, November 13th. The shares were acquired at an average price of $16.81 per share, for a total transaction of $42,025.00. The disclosure for this purchase can be found here. Insiders bought a total of 20,000 shares of company stock worth $343,150 over the last 90 days. 1.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of CATM. BlackRock Inc. lifted its holdings in shares of Cardtronics by 0.4% in the second quarter. BlackRock Inc. now owns 5,432,333 shares of the business services provider’s stock valued at $178,509,000 after purchasing an additional 18,992 shares in the last quarter. FMR LLC lifted its holdings in shares of Cardtronics by 33.3% in the second quarter. FMR LLC now owns 3,634,132 shares of the business services provider’s stock valued at $119,417,000 after purchasing an additional 906,953 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Cardtronics by 4.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,358,071 shares of the business services provider’s stock valued at $54,259,000 after purchasing an additional 102,986 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Cardtronics by 78.8% in the second quarter. Renaissance Technologies LLC now owns 1,346,200 shares of the business services provider’s stock valued at $44,236,000 after purchasing an additional 593,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Cardtronics by 8.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,336,328 shares of the business services provider’s stock valued at $30,750,000 after purchasing an additional 101,333 shares in the last quarter.
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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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