Todays Report: The Cardtronics Inc. (CATM) Issues Quarterly Earnings Results

The Cardtronics Inc. (CATM) Issues Quarterly  Earnings Results

Cardtronics Inc. (NASDAQ:CATM) posted its quarterly earnings data on Thursday. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The firm earned $328.30 million during the quarter, compared to analysts’ expectations of $115.95 million. Cardtronics had a return on equity of 34.51% and a net margin of 6.19%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. Cardtronics updated its FY16 guidance to $3.21-3.26 EPS.

Shares of Cardtronics (NASDAQ:CATM) opened at 48.65 on Monday. Cardtronics has a 52 week low of $28.01 and a 52 week high of $50.45. The firm has a 50-day moving average price of $46.45 and a 200-day moving average price of $42.52. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 28.57 and a beta of 0.76.

CATM has been the subject of a number of recent research reports. Feltl & Co. initiated coverage on Cardtronics in a research report on Thursday, September 22nd. They set a “buy” rating and a $48.00 price objective for the company. Jefferies Group lifted their price objective on Cardtronics from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Zacks Investment Research cut Cardtronics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 7th. JPMorgan Chase & Co. cut Cardtronics from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $45.00 to $50.00 in a research report on Friday, August 19th. Finally, Barrington Research cut Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $47.00.

In other news, insider Patrick Michael Mccarthy sold 3,034 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $46.02, for a total value of $139,624.68. Following the completion of the sale, the insider now owns 26,831 shares in the company, valued at $1,234,762.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director J Tim Arnoult sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $45.71, for a total value of $228,550.00. Following the completion of the sale, the director now owns 6,648 shares of the company’s stock, valued at approximately $303,880.08. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the stock. Algert Global LLC bought a new stake in shares of Cardtronics during the second quarter worth about $276,000. Rhumbline Advisers raised its stake in shares of Cardtronics by 4.0% in the second quarter. Rhumbline Advisers now owns 62,857 shares of the company’s stock worth $2,502,000 after buying an additional 2,433 shares during the period. Raymond James & Associates raised its stake in shares of Cardtronics by 9.0% in the second quarter. Raymond James & Associates now owns 19,292 shares of the company’s stock worth $768,000 after buying an additional 1,596 shares during the period. Teachers Advisors Inc. raised its stake in shares of Cardtronics by 11.0% in the second quarter. Teachers Advisors Inc. now owns 72,063 shares of the company’s stock worth $2,869,000 after buying an additional 7,123 shares during the period. Finally, Martingale Asset Management L P raised its stake in shares of Cardtronics by 53.3% in the second quarter. Martingale Asset Management L P now owns 16,411 shares of the company’s stock worth $654,000 after buying an additional 5,708 shares during the period.

Cardtronics Company Profile

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