Cardtronics PLC (CATM) Sets New 1-Year Low at $22.49
Cardtronics PLC (NASDAQ:CATM)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $22.49 and last traded at $22.46, with a volume of 341,393 shares. The stock had previously closed at $23.06.
A number of equities analysts have issued reports on the stock. Bank of America Corporation cut their price objective on shares of Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, July 7th. Zacks Investment Research downgraded shares of Cardtronics PLC from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. Lake Street Capital downgraded shares of Cardtronics PLC from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $31.00 in a report on Tuesday, September 26th. Finally, William Blair downgraded shares of Cardtronics PLC from an “outperform” rating to a “market perform” rating in a report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Cardtronics PLC presently has an average rating of “Hold” and an average price target of $41.00.
The stock has a market cap of $1.04 billion, a PE ratio of 15.65 and a beta of 0.77. The stock has a 50-day moving average price of $25.24 and a 200-day moving average price of $31.12.
Cardtronics PLC (NASDAQ:CATM) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. Cardtronics PLC had a return on equity of 28.23% and a net margin of 4.83%. The firm had revenue of $385.11 million for the quarter, compared to analysts’ expectations of $379.03 million. During the same period in the prior year, the firm posted $0.80 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. On average, analysts anticipate that Cardtronics PLC will post $2.80 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. purchased a new stake in shares of Cardtronics PLC during the third quarter valued at $268,000. Fox Run Management L.L.C. boosted its position in shares of Cardtronics PLC by 280.6% during the third quarter. Fox Run Management L.L.C. now owns 25,500 shares of the business services provider’s stock valued at $587,000 after buying an additional 18,800 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Cardtronics PLC by 1.1% during the second quarter. Public Employees Retirement System of Ohio now owns 174,777 shares of the business services provider’s stock valued at $5,743,000 after buying an additional 1,944 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Cardtronics PLC during the second quarter valued at $324,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Cardtronics PLC by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 35,154 shares of the business services provider’s stock valued at $1,156,000 after buying an additional 637 shares during the last quarter.
Cardtronics PLC Company Profile
Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.
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