Cardtronics (CATM) Releases Earnings Results, Beats Expectations By $0.03 EPS

Cardtronics (CATM) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.80 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.77. The company posted revenue of $324.00 million in the period, compared to analysts expectations of $318.51 million. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Cardtronics opened for trading at $44.09 and hit $44.49 on the upside on Thursday, eventually ending the session at $44.37, with a gain of 0.43% or 0.19 points. The heightened volatility saw the trading volume jump to 4,62,335 shares. Company has a market cap of $2,006 M.

In a different news, on May 31, 2016, Gerardo Garcia (Chief Info. Security Officer) sold 8,588 shares at $38.37 per share price. According to the SEC, on May 11, 2016, Patrick Michael Mccarthy (Chief Information Officer) sold 3,033 shares at $38.47 per share price. On May 4, 2016, Rick Updyke (EVP Global Markets & Accounts) sold 17,910 shares at $40.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Cardtronics Inc. (Cardtronics) provides 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 consist of its U.S. Europe and Other International segments. Its U.S. segment includes the Company’s operations in all 50 states Puerto Rico and the U.S. Virgin Islands. Its Europe segment includes the Company’s operations in the United Kingdom and Germany. The Company’s Other International segment includes its operations in Mexico and Canada. Under the managed services arrangement retailers financial institutions and ATM distributors rely on the Company to handle some or all of the operational aspects associated with operating and maintaining ATMs. The Company deploys and operates devices under three arrangements with its retail partners: Company-owned ATM placements merchant-owned ATM placements and managed services.


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