Cardtronics Inc. (CATM) Updates FY16 Earnings Guidance

Cardtronics Inc. (NASDAQ:CATM) updated its FY16 earnings guidance on Thursday. The company provided earnings per share guidance of $3.20-3.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.11. The company issued revenue guidance of $1.25-1.27 billion, compared to the consensus revenue estimate of $1.26 billion.

Separately, Zacks Investment Research downgraded shares of Cardtronics from a buy rating to a hold rating in a research note on Thursday, May 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $41.50.

Cardtronics Inc. (NASDAQ:CATM) traded up 0.43% on Thursday, hitting $44.37. 463,545 shares of the stock were exchanged. Cardtronics Inc. has a 52 week low of $28.01 and a 52 week high of $44.49. The company’s 50-day moving average is $40.99 and its 200-day moving average is $36.49. The company has a market cap of $2.01 billion and a PE ratio of 30.06.

Cardtronics (NASDAQ:CATM) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.03. The firm had revenue of $324 million for the quarter, compared to analyst estimates of $315.48 million. During the same period in the previous year, the business posted $0.71 EPS. Cardtronics’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts predict that Cardtronics Inc. will post $3.12 earnings per share for the current year.

In related news, insider Gerardo Garcia sold 8,588 shares of the business’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $38.37, for a total value of $329,521.56. Following the sale, the insider now owns 27,549 shares of the company’s stock, valued at approximately $1,057,055.13. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Patrick Michael Mccarthy sold 3,033 shares of the business’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $38.47, for a total value of $116,679.51. Following the completion of the sale, the insider now directly owns 29,865 shares in the company, valued at approximately $1,148,906.55. The disclosure for this sale can be found here.

Cardtronics, Inc is a provider of automated consumer financial services. The Company provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Company’s operations consisted of its North America and Europe segments. Its North America segment includes operations in all 50 states, Puerto Rico, Canada and Mexico.