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.
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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