Cardtronics PLC (CATM) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS
Cardtronics PLC (NASDAQ:CATM) posted its quarterly earnings results on Thursday. The business services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.86 by $0.10, Bloomberg Earnings reports. Cardtronics PLC had a net margin of 4.83% and a return on equity of 28.23%. The business had revenue of $402.00 million during the quarter, compared to analyst estimates of $383.97 million. During the same quarter in the previous year, the business posted $0.98 EPS. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. Cardtronics PLC updated its FY17 guidance to $2.83-3.00 EPS.
Several research firms have recently commented on CATM. Zacks Investment Research lowered shares of Cardtronics PLC from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. Lake Street Capital lowered shares of Cardtronics PLC from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $31.00 in a report on Tuesday, September 26th. William Blair lowered shares of Cardtronics PLC from an “outperform” rating to a “market perform” rating in a report on Monday, September 25th. Finally, Bank of America Corporation reduced their price objective on shares of Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $41.00.
TRADEMARK VIOLATION WARNING: “Cardtronics PLC (CATM) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/cardtronics-plc-catm-releases-quarterly-earnings-results-beats-expectations-by-0-10-eps/1674403.html.
Cardtronics PLC Company Profile
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.
Receive News & Ratings for Cardtronics PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardtronics PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.