Equities analysts expect USA Technologies, Inc. (NASDAQ:USAT) to announce earnings of ($0.01) per share for the current quarter, according to Zacks. Three analysts have made estimates for USA Technologies’ earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at ($0.06). The business is scheduled to report its next quarterly earnings report on Tuesday, February 11th.
On average, analysts expect that USA Technologies will report full year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.06) to $0.01. For the next fiscal year, analysts expect that the firm will post earnings of $0.14 per share, with EPS estimates ranging from $0.05 to $0.23. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for USA Technologies.
A number of equities analysts have issued reports on USAT shares. William Blair started coverage on shares of USA Technologies in a research report on Tuesday, October 15th. They set a “buy” rating for the company. Lake Street Capital raised shares of USA Technologies from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Friday, October 11th. Craig Hallum began coverage on shares of USA Technologies in a research note on Thursday, October 10th. They issued a “buy” rating and a $10.00 price target on the stock. BidaskClub raised shares of USA Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Finally, Zacks Investment Research cut shares of USA Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. USA Technologies presently has a consensus rating of “Buy” and a consensus target price of $8.33.
In related news, major shareholder Hudson Executive Capital Lp acquired 165,000 shares of USA Technologies stock in a transaction that occurred on Wednesday, October 16th. The shares were purchased at an average cost of $7.26 per share, for a total transaction of $1,197,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last quarter, insiders have bought 1,564,200 shares of company stock worth $7,582,252. Insiders own 4.43% of the company’s stock.
A number of large investors have recently modified their holdings of USAT. Quantitative Systematic Strategies LLC increased its stake in USA Technologies by 48.4% during the second quarter. Quantitative Systematic Strategies LLC now owns 34,663 shares of the technology company’s stock worth $258,000 after purchasing an additional 11,304 shares during the period. P.A.W. Capital Corp increased its stake in USA Technologies by 12.5% during the second quarter. P.A.W. Capital Corp now owns 360,000 shares of the technology company’s stock worth $2,675,000 after purchasing an additional 40,000 shares during the period. Janus Henderson Group PLC purchased a new stake in USA Technologies during the second quarter worth about $178,000. Kavar Capital Partners LLC purchased a new stake in USA Technologies during the second quarter worth about $65,000. Finally, 1492 Capital Management LLC purchased a new stake in USA Technologies during the second quarter worth about $772,000. Institutional investors own 70.32% of the company’s stock.
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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