USA Technologies, Inc. (USAT) Expected to Post Quarterly Sales of $37.60 Million

Brokerages expect that USA Technologies, Inc. (NASDAQ:USAT) will report sales of $37.60 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for USA Technologies’ earnings, with the lowest sales estimate coming in at $37.20 million and the highest estimate coming in at $38.00 million. USA Technologies reported sales of $25.62 million during the same quarter last year, which indicates a positive year-over-year growth rate of 46.8%. The company is expected to report its next quarterly earnings results on Wednesday, December 5th.

On average, analysts expect that USA Technologies will report full-year sales of $180.45 million for the current fiscal year, with estimates ranging from $177.30 million to $183.60 million. For the next year, analysts anticipate that the company will post sales of $223.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover USA Technologies.

A number of equities research analysts have recently weighed in on USAT shares. BidaskClub upgraded USA Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded USA Technologies from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research report on Friday, October 12th. Finally, ValuEngine lowered USA Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $12.92.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USAT. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of USA Technologies by 12.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 153,997 shares of the technology company’s stock valued at $2,156,000 after purchasing an additional 16,495 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of USA Technologies by 5.5% during the second quarter. Wells Fargo & Company MN now owns 1,187,980 shares of the technology company’s stock valued at $16,630,000 after purchasing an additional 61,583 shares in the last quarter. Perkins Capital Management Inc. boosted its position in shares of USA Technologies by 23.2% during the second quarter. Perkins Capital Management Inc. now owns 130,250 shares of the technology company’s stock valued at $1,824,000 after purchasing an additional 24,550 shares in the last quarter. Sei Investments Co. boosted its position in shares of USA Technologies by 1,467.7% during the second quarter. Sei Investments Co. now owns 84,857 shares of the technology company’s stock valued at $1,188,000 after purchasing an additional 79,444 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of USA Technologies by 19.3% during the second quarter. Rhumbline Advisers now owns 49,759 shares of the technology company’s stock valued at $697,000 after purchasing an additional 8,062 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Shares of USAT stock traded down $0.09 during trading hours on Friday, reaching $4.70. The company’s stock had a trading volume of 55,715 shares, compared to its average volume of 781,095. The firm has a market cap of $298.20 million, a P/E ratio of 71.00 and a beta of 0.94. USA Technologies has a one year low of $4.64 and a one year high of $16.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.34.

USA Technologies Company Profile

USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.

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