Analysts expect that Euronet Worldwide, Inc. (NASDAQ:EEFT) will announce $2.10 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Euronet Worldwide’s earnings. Euronet Worldwide posted earnings per share of $1.61 in the same quarter last year, which indicates a positive year-over-year growth rate of 30.4%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 18th.
According to Zacks, analysts expect that Euronet Worldwide will report full-year earnings of $5.39 per share for the current financial year, with EPS estimates ranging from $5.35 to $5.42. For the next financial year, analysts expect that the firm will report earnings of $6.16 per share, with EPS estimates ranging from $6.00 to $6.38. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Tuesday, July 24th. The business services provider reported $1.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.32. The firm had revenue of $622.20 million for the quarter, compared to analyst estimates of $618.93 million. Euronet Worldwide had a net margin of 6.11% and a return on equity of 21.71%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 EPS.
Several equities research analysts recently commented on the stock. ValuEngine lowered shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. BidaskClub raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Zacks Investment Research lowered shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Needham & Company LLC assumed coverage on shares of Euronet Worldwide in a research note on Thursday, May 10th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, MED assumed coverage on shares of Euronet Worldwide in a research note on Thursday, July 26th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $109.44.
In other news, CFO Rick Weller sold 57,458 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $96.62, for a total value of $5,551,591.96. Following the transaction, the chief financial officer now owns 92,951 shares in the company, valued at $8,980,925.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael J. Brown sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $93.27, for a total transaction of $2,331,750.00. The disclosure for this sale can be found here. Insiders have sold 213,413 shares of company stock worth $20,526,042 in the last three months. 7.70% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of EEFT. Hennessy Advisors Inc. bought a new position in shares of Euronet Worldwide in the first quarter worth approximately $761,000. Wells Fargo & Company MN lifted its stake in shares of Euronet Worldwide by 20.3% in the first quarter. Wells Fargo & Company MN now owns 2,699,640 shares of the business services provider’s stock worth $213,057,000 after buying an additional 456,305 shares in the last quarter. D.B. Root & Company LLC bought a new position in shares of Euronet Worldwide in the first quarter worth approximately $387,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Euronet Worldwide by 1,015.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17,897 shares of the business services provider’s stock worth $1,412,000 after buying an additional 16,292 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Euronet Worldwide by 11.6% in the first quarter. Wedge Capital Management L L P NC now owns 6,739 shares of the business services provider’s stock worth $532,000 after buying an additional 701 shares in the last quarter. Hedge funds and other institutional investors own 99.33% of the company’s stock.
NASDAQ:EEFT traded up $0.45 during mid-day trading on Friday, hitting $98.36. 612,700 shares of the company’s stock were exchanged, compared to its average volume of 551,279. Euronet Worldwide has a one year low of $70.67 and a one year high of $101.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $5.00 billion, a P/E ratio of 22.54, a PEG ratio of 1.43 and a beta of 1.47.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.
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