William Blair Comments on USA Technologies, Inc.’s Q1 2018 Earnings (USAT)
USA Technologies, Inc. (NASDAQ:USAT) – William Blair issued their Q1 2018 earnings per share estimates for shares of USA Technologies in a report issued on Thursday. William Blair analyst R. Napoli forecasts that the technology company will post earnings of ($0.01) per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for USA Technologies’ Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.04 EPS and FY2019 earnings at $0.13 EPS.
USA Technologies (NASDAQ:USAT) last issued its quarterly earnings results on Tuesday, August 22nd. The technology company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. USA Technologies had a negative return on equity of 0.81% and a negative net margin of 1.78%. The company had revenue of $34.29 million for the quarter, compared to analyst estimates of $33.29 million. ILLEGAL ACTIVITY NOTICE: This report was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://theolympiareport.com/2017/08/28/william-blair-comments-on-usa-technologies-inc-s-q1-2018-earnings-usat.html.
A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of USA Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. ValuEngine lowered shares of USA Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub lowered shares of USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th.
Shares of USA Technologies (NASDAQ:USAT) opened at 5.85 on Monday. The firm’s market capitalization is $292.60 million. USA Technologies has a 12-month low of $3.55 and a 12-month high of $5.90. The stock’s 50 day moving average price is $5.29 and its 200-day moving average price is $4.79.
Institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors Inc. raised its position in USA Technologies by 2.7% in the second quarter. Wasatch Advisors Inc. now owns 1,158,378 shares of the technology company’s stock valued at $6,024,000 after buying an additional 30,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in USA Technologies by 17.8% in the second quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock valued at $181,000 after buying an additional 5,263 shares in the last quarter. State Street Corp raised its position in USA Technologies by 14.5% in the second quarter. State Street Corp now owns 572,188 shares of the technology company’s stock valued at $2,975,000 after buying an additional 72,356 shares in the last quarter. HighTower Advisors LLC purchased a new position in USA Technologies during the second quarter valued at approximately $1,668,000. Finally, Vanguard Group Inc. raised its position in USA Technologies by 3.1% in the second quarter. Vanguard Group Inc. now owns 1,484,520 shares of the technology company’s stock valued at $7,720,000 after buying an additional 44,378 shares in the last quarter. 36.22% of the stock is currently owned by hedge funds and other institutional investors.
USA Technologies Company Profile
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.
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