William Blair Comments on USA Technologies, Inc.’s Q1 2018 Earnings (USAT)
USA Technologies, Inc. (NASDAQ:USAT) – William Blair issued their Q1 2018 earnings per share (EPS) estimates for USA Technologies in a report issued on Thursday. William Blair analyst R. Napoli expects that the technology company will post earnings of ($0.01) per share for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for USA Technologies’ Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.04 EPS and FY2019 earnings at $0.13 EPS.
USA Technologies (NASDAQ:USAT) last announced its quarterly earnings data on Tuesday, August 22nd. The technology company reported $0.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.01. USA Technologies had a negative return on equity of 0.81% and a negative net margin of 1.78%. The business had revenue of $34.29 million during the quarter, compared to the consensus estimate of $33.29 million.
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A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of USA Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. ValuEngine lowered shares of USA Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub lowered shares of USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th.
Shares of USA Technologies (NASDAQ USAT) opened at 5.20 on Monday. The stock’s market cap is $260.09 million. USA Technologies has a 52-week low of $3.55 and a 52-week high of $5.90. The firm’s 50-day moving average price is $5.29 and its 200-day moving average price is $4.79.
A number of institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. bought a new position in shares of USA Technologies during the second quarter valued at approximately $130,000. New York State Common Retirement Fund increased its position in shares of USA Technologies by 75.7% in the second quarter. New York State Common Retirement Fund now owns 29,700 shares of the technology company’s stock valued at $154,000 after buying an additional 12,799 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of USA Technologies by 17.8% in the second quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock valued at $181,000 after buying an additional 5,263 shares during the last quarter. Rhumbline Advisers increased its position in shares of USA Technologies by 25.2% in the second quarter. Rhumbline Advisers now owns 39,402 shares of the technology company’s stock valued at $205,000 after buying an additional 7,935 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of USA Technologies during the second quarter valued at approximately $197,000. 36.36% of the stock is owned by institutional investors and hedge funds.
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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