Cardtronics PLC (NASDAQ:CATM) issued its quarterly earnings results on Thursday. The business services provider reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.10, Bloomberg Earnings reports. Cardtronics PLC had a positive return on equity of 27.54% and a negative net margin of 9.37%. The firm had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $383.97 million. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. Cardtronics PLC updated its FY17 guidance to $2.83-3.00 EPS.
Shares of Cardtronics PLC (CATM) traded down $5.03 during trading hours on Friday, reaching $17.55. The company’s stock had a trading volume of 2,820,357 shares, compared to its average volume of 482,521. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $843.23 million, a PE ratio of 6.50, a PEG ratio of 0.54 and a beta of 0.75.
Several brokerages recently commented on CATM. SunTrust Banks, Inc. reiterated a “buy” rating and set a $25.00 price target on shares of Cardtronics PLC in a research report on Friday. Zacks Investment Research cut Cardtronics PLC from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Lake Street Capital cut Cardtronics PLC from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $31.00 in a report on Tuesday, September 26th. William Blair cut Cardtronics PLC from an “outperform” rating to a “market perform” rating in a report on Monday, September 25th. Finally, Bank of America Corporation dropped their target price on Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, July 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Cardtronics PLC presently has a consensus rating of “Hold” and an average target price of $37.00.
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About Cardtronics PLC
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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