Stock analysts expect Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) to report earnings per share of $1.64 for the current quarter, reports Zacks Investment Research. Three analysts provided earnings estimates for Euronet Worldwide, with the lowest EPS estimate being $1.50 and the highest estimate being $1.76. Euronet Worldwide posted earnings per share of $0.53 in the same quarter last year, which would indicate a positive year-over-year growth rate of 209.4%. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Euronet Worldwide to report annual earnings of $7.06 per share for the current year, with EPS estimates ranging from $6.90 to $7.28. For the next fiscal year, analysts expect the company to post earnings of $9.31 per share, with EPS estimates ranging from $9.30 to $9.31. Zacks earnings per share averages are an average based on a survey of sell-side analysts who cover Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT – Get Rating) last reported quarterly earnings data on Tuesday, April 26. The business services provider reported EPS of $0.51 for the quarter, missing analyst consensus estimates of $0.59 per ($0.08). Euronet Worldwide achieved a return on equity of 14.04% and a net margin of 2.89%. The company posted revenue of $718.50 million for the quarter, versus analyst estimates of $726.46 million. In the same quarter a year earlier, the company posted earnings per share of $0.11. The company’s revenue increased by 10.1% compared to the same quarter last year.
Several equity analysts have recently commented on the stock. UBS Group assumed coverage of Euronet Worldwide shares in a Thursday, March 31 research report. They issued a “buy” rating and a price target of $163.00 for the company. Needham & Company LLC raised its price target on Euronet Worldwide shares from $165.00 to $190.00 and gave the company a “buy” rating in a Friday, February 11 research note. Zacks Investment Research moved Euronet Worldwide shares from a “hold” rating to a “strong sell” rating and set a price target of $120.00 for the stock. in a research note on Thursday, February 17. Keefe, Bruyette & Woods began coverage on Euronet Worldwide in a report on Thursday April 21. They issued an “outperform” rating and a price target of $164.00 on the stock. Finally, StockNews.com began its coverage of Euronet Worldwide in a report on Thursday, March 31. They issued a “hold” rating on the stock. One analyst has assigned the stock a sell rating, one has issued a hold rating and six have assigned the company a buy rating. According to MarketBeat, the company currently has a consensus buy rating and a consensus price target of $165.33.
A number of hedge funds and other institutional investors have recently increased or reduced their holdings in EEFT. Allspring Global Investments Holdings LLC acquired a new position in Euronet Worldwide in Q4 worth approximately $377,320,000. Turtle Creek Asset Management Inc. increased its position in Euronet Worldwide shares by 72.0% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 1,179,456 shares of the business services provider worth $140,556,000 after purchasing an additional 493,579 shares last quarter. Wasatch Advisors Inc. increased its position in Euronet Worldwide shares by 25.5% during the fourth quarter. Wasatch Advisors Inc. now owns 2,333,375 shares of the business services provider worth $278,068,000 after buying an additional 474,285 shares in the last quarter. Norges Bank acquired a new position in shares of Euronet Worldwide during the fourth quarter worth approximately $53,361,000. Finally, American Century Companies Inc. increased its position in Euronet Worldwide shares by 51.4% during the fourth quarter. American Century Companies Inc. now owns 1,213,285 shares of the business services provider worth $144,587,000 after buying an additional 412,065 shares last quarter. 94.42% of the shares are held by institutional investors.
The NASDAQ EEFT traded at $3.26 during Friday’s trading, hitting $122.18. 196,446 shares of the company were traded, against an average volume of 588,175. Euronet Worldwide has a fifty-two week low of $96.30 and a fifty-two week high of $159.32. The company’s fifty-day simple moving average is $124.31 and its 200-day simple moving average is $122.80. The company has a market capitalization of $6.18 billion, a PE ratio of 74.50 and a beta of 1.38. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt ratio of 1.54.
About Euronet Worldwide (Get a rating)
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers and individual consumers worldwide. The Company’s Electronic Funds Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point of sale (POS), credit and debit card outsourcing, card management, merchant acquiring and issuing services.
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