Equities research analysts expect that Euronet Worldwide (NASDAQ:EEFT) will post earnings per share (EPS) of $1.32 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Euronet Worldwide’s earnings. Euronet Worldwide reported earnings of $1.09 per share in the same quarter last year, which would suggest a positive year over year growth rate of 21.1%. The business is scheduled to announce its next earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that Euronet Worldwide will report full year earnings of $5.26 per share for the current year, with EPS estimates ranging from $5.18 to $5.33. For the next financial year, analysts expect that the firm will report earnings of $5.98 per share, with EPS estimates ranging from $5.95 to $6.01. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Euronet Worldwide.
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Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, April 25th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Euronet Worldwide had a net margin of 6.66% and a return on equity of 20.77%. The company had revenue of $550.50 million during the quarter, compared to analysts’ expectations of $535.93 million. During the same period in the previous year, the company earned $0.73 EPS. The business’s quarterly revenue was up 16.3% compared to the same quarter last year.
Several analysts have recently issued reports on the stock. BidaskClub raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, March 17th. 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 for the company. Lake Street Capital boosted their price objective on shares of Euronet Worldwide from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. DA Davidson boosted their price objective on shares of Euronet Worldwide to $118.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Euronet Worldwide presently has a consensus rating of “Hold” and an average price target of $109.00.
Shares of Euronet Worldwide traded down $0.02, hitting $82.16, during trading on Friday, according to MarketBeat. 551,100 shares of the company traded hands, compared to its average volume of 664,402. Euronet Worldwide has a 1 year low of $70.67 and a 1 year high of $101.07. The stock has a market capitalization of $4.21 billion, a PE ratio of 18.93, a P/E/G ratio of 1.09 and a beta of 1.48. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.52.
In related news, CEO Kevin J. Caponecchi sold 60,889 shares of the company’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $82.00, for a total transaction of $4,992,898.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael J. Brown sold 20,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $85.40, for a total transaction of $1,708,000.00. Following the sale, the chief executive officer now directly owns 1,462,348 shares of the company’s stock, valued at $124,884,519.20. The disclosure for this sale can be found here. 7.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of EEFT. Millennium Management LLC boosted its position in Euronet Worldwide by 376.3% in the 4th quarter. Millennium Management LLC now owns 652,525 shares of the business services provider’s stock valued at $54,988,000 after buying an additional 515,535 shares during the last quarter. Wells Fargo & Company MN boosted its position in Euronet Worldwide by 20.3% in the 1st quarter. Wells Fargo & Company MN now owns 2,699,640 shares of the business services provider’s stock valued at $213,057,000 after buying an additional 456,305 shares during the last quarter. Hood River Capital Management LLC purchased a new position in Euronet Worldwide in the 1st quarter valued at about $33,347,000. William Blair Investment Management LLC boosted its position in Euronet Worldwide by 35.7% in the 4th quarter. William Blair Investment Management LLC now owns 1,198,180 shares of the business services provider’s stock valued at $100,971,000 after buying an additional 315,396 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Euronet Worldwide by 12.1% in the 4th quarter. Victory Capital Management Inc. now owns 2,712,984 shares of the business services provider’s stock valued at $228,623,000 after buying an additional 292,777 shares during the last quarter.
About Euronet Worldwide
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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