Euronet Worldwide, Inc. (NASDAQ:EEFT) will be issuing its quarterly earnings data before the market opens on Thursday, October 19th. Analysts expect the company to announce earnings of $1.60 per share for the quarter.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. The company had revenue of $536.60 million for the quarter, compared to analysts’ expectations of $513.10 million. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. Euronet Worldwide’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. On average, analysts expect Euronet Worldwide to post $4.55 EPS for the current fiscal year and $5.25 EPS for the next fiscal year.
Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at 99.72 on Thursday. The stock has a 50 day moving average of $96.81 and a 200-day moving average of $90.42. The company has a market capitalization of $5.24 billion, a PE ratio of 32.19 and a beta of 1.34. Euronet Worldwide, Inc. has a one year low of $70.51 and a one year high of $99.98.
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In other Euronet Worldwide news, CFO Rick Weller sold 76,563 shares of Euronet Worldwide stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $97.51, for a total value of $7,465,658.13. Following the sale, the chief financial officer now owns 81,221 shares of the company’s stock, valued at $7,919,859.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin J. Caponecchi sold 49,238 shares of Euronet Worldwide stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $97.67, for a total transaction of $4,809,075.46. Following the completion of the sale, the chief executive officer now directly owns 79,096 shares in the company, valued at approximately $7,725,306.32. The disclosure for this sale can be found here. Insiders have sold 306,574 shares of company stock worth $29,668,269 over the last three months. 7.70% of the stock is owned by insiders.
An institutional investor recently raised its position in Euronet Worldwide stock. The Manufacturers Life Insurance Company raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 7.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,696 shares of the business services provider’s stock after purchasing an additional 116 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Euronet Worldwide were worth $149,000 at the end of the most recent reporting period. 93.90% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on EEFT. SunTrust Banks, Inc. reissued a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Friday, October 6th. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 6th. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Lake Street Capital reissued a “buy” rating and set a $99.00 price target (up from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. Finally, DA Davidson began coverage on shares of Euronet Worldwide in a research report on Wednesday, July 19th. They set a “buy” rating and a $105.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Euronet Worldwide has an average rating of “Buy” and a consensus target price of $105.40.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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