The Cardtronics Inc. (CATM) Issues FY16 Earnings Guidance

The Cardtronics Inc. (CATM) Issues FY16 Earnings Guidance

Cardtronics Inc. (NASDAQ:CATM) issued an update on its FY16 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.21-3.26 for the period, compared to the Thomson Reuters consensus estimate of $3.25. The company issued revenue guidance of $1250.0-1265.0 million, compared to the consensus revenue estimate of $1.27 billion.

Shares of Cardtronics Inc. (NASDAQ:CATM) opened at 48.65 on Monday. Cardtronics Inc. has a 12-month low of $28.01 and a 12-month high of $50.45. The company has a 50 day moving average of $46.45 and a 200-day moving average of $42.52. The company has a market capitalization of $2.20 billion, a P/E ratio of 28.57 and a beta of 0.76.

Cardtronics (NASDAQ:CATM) last announced its earnings results on Thursday, October 27th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business earned $328.30 million during the quarter, compared to analysts’ expectations of $115.95 million. Cardtronics had a net margin of 6.19% and a return on equity of 34.51%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. On average, equities analysts anticipate that Cardtronics Inc. will post $3.23 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on CATM shares. Zacks Investment Research upgraded shares of Cardtronics from a hold rating to a strong-buy rating and set a $55.00 target price for the company in a research report on Thursday, October 6th. JPMorgan Chase & Co. cut shares of Cardtronics from an overweight rating to a neutral rating and increased their target price for the stock from $45.00 to $50.00 in a research report on Friday, August 19th. Barrington Research cut shares of Cardtronics from an outperform rating to a market perform rating in a research report on Friday, July 29th. Feltl & Co. started coverage on shares of Cardtronics in a research report on Thursday, September 22nd. They set a buy rating and a $48.00 target price for the company. Finally, Jefferies Group increased their target price on shares of Cardtronics from $46.00 to $52.00 and gave the stock a buy rating in a research report on Monday, August 1st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $47.00.

In other news, insider Patrick Michael Mccarthy sold 3,034 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $46.02, for a total value of $139,624.68. Following the transaction, the insider now owns 26,831 shares of the company’s stock, valued at approximately $1,234,762.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rick Updyke sold 9,182 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $47.15, for a total transaction of $432,931.30. Following the completion of the transaction, the executive vice president now directly owns 67,050 shares in the company, valued at approximately $3,161,407.50. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. raised its position in shares of Cardtronics by 87.2% in the second quarter. Alliancebernstein L.P. now owns 132,470 shares of the company’s stock valued at $5,274,000 after buying an additional 61,707 shares during the period. AHL Partners LLP raised its position in shares of Cardtronics by 334.5% in the second quarter. AHL Partners LLP now owns 64,326 shares of the company’s stock valued at $2,561,000 after buying an additional 49,523 shares during the period. A.R.T. Advisors LLC acquired a new position in shares of Cardtronics during the second quarter valued at about $1,347,000. Menta Capital LLC raised its position in shares of Cardtronics by 377.2% in the second quarter. Menta Capital LLC now owns 40,013 shares of the company’s stock valued at $1,593,000 after buying an additional 31,628 shares during the period. Finally, State of Tennessee Treasury Department raised its position in shares of Cardtronics by 84.4% in the second quarter. State of Tennessee Treasury Department now owns 65,537 shares of the company’s stock valued at $2,609,000 after buying an additional 30,000 shares during the period.

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