Stocks: Barrington Research Comments on USA Technologies Inc.’s Q2 2017 Earnings (USAT)

Stocks: Barrington Research Comments on USA Technologies Inc.’s Q2 2017 Earnings (USAT)

USA Technologies Inc. (NASDAQ:USAT) – Equities researchers at Barrington Research reduced their Q2 2017 EPS estimates for shares of USA Technologies in a research report issued on Thursday. Barrington Research analyst G. Prestopino now anticipates that the firm will earn $0.00 per share for the quarter, down from their prior forecast of $0.01. Barrington Research also issued estimates for USA Technologies’ Q3 2017 earnings at $0.00 EPS, Q4 2017 earnings at $0.02 EPS, Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $0.11 EPS.

USA Technologies (NASDAQ:USAT) last posted its quarterly earnings data on Wednesday, November 9th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $21.60 million for the quarter, compared to analyst estimates of $21.31 million. USA Technologies had a negative net margin of 11.69% and a negative return on equity of 3.92%.

Separately, Zacks Investment Research lowered USA Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 15th.

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Shares of USA Technologies (NASDAQ:USAT) opened at 3.95 on Monday. The company’s 50 day moving average price is $5.01 and its 200-day moving average price is $4.70. The firm’s market cap is $151.49 million. USA Technologies has a 1-year low of $2.69 and a 1-year high of $5.81.

Hedge funds have recently made changes to their positions in the stock. Hancock Holding Co. acquired a new stake in shares of USA Technologies during the second quarter valued at $107,000. Highbridge Capital Management LLC acquired a new stake in shares of USA Technologies during the second quarter valued at $108,000. BlackRock Advisors LLC increased its stake in shares of USA Technologies by 46.3% in the third quarter. BlackRock Advisors LLC now owns 20,067 shares of the company’s stock valued at $112,000 after buying an additional 6,355 shares during the last quarter. Eaton Vance Management acquired a new stake in shares of USA Technologies during the second quarter valued at $119,000. Finally, Rhumbline Advisers acquired a new stake in shares of USA Technologies during the second quarter valued at $131,000. 43.79% of the stock is currently owned by hedge funds and other institutional investors.

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