Analysts expect Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) to report earnings per share of $0.71 for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Euronet Worldwide. The highest EPS estimate is $0.76 and the lowest is $0.69. Euronet Worldwide reported earnings per share of $0.23 in the same quarter last year, suggesting a positive year-over-year growth rate of 208.7%. The company is due to release its next earnings report on Monday, January 1.
On average, analysts expect Euronet Worldwide to report annual earnings of $6.93 per share for the current fiscal year, with EPS estimates ranging from $6.86 to $7.00. For the next fiscal year, analysts expect the company to report earnings of $9.28 per share, with EPS estimates ranging from $9.25 to $9.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts who provide coverage for Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT – Get Rating) last released its results on Wednesday, February 9. The business services provider reported earnings per share (EPS) of $0.97 for the quarter, missing the Zacks consensus estimate of $1.25 per ($0.28). Euronet Worldwide achieved a return on equity of 11.89% and a net margin of 2.36%. The company posted revenue of $811.50 million in the quarter, versus analyst estimates of $807.42 million. In the same period a year earlier, the company posted earnings per share of $0.97.
A number of equity research analysts have weighed in on EEFT shares recently. Citigroup lowered its price target on Euronet Worldwide from $178.00 to $170.00 and set a “buy” rating for the company in a Wednesday, Dec. 1 report. Needham & Company LLC raised its price target on Euronet Worldwide from $165.00 to $190.00 and gave the company a “buy” rating in a Friday, February 11 report. Zacks Investment Research moved Euronet Worldwide from a “hold” rating to a “strong sell” rating and set a price target of $120.00 for the company. in a report on Thursday, February 17. Finally, William Blair reaffirmed an “outperforming” rating on Euronet Worldwide shares in a report on Wednesday January 5th. One analyst rated the stock with a sell rating and four gave the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $166.25.
Shares of EEFT opened at $126.17 on Friday. Euronet Worldwide has a 1-year low of $96.30 and a 1-year high of $159.32. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt ratio of 1.13. The stock has a 50-day simple moving average of $127.61 and a 200-day simple moving average of $123.32. The stock has a market capitalization of $6.45 billion, a PE ratio of 96.31 and a beta of 1.44.
Several hedge funds and other institutional investors have recently increased or reduced their stake in EEFT. Prudential Financial Inc. increased its stake in Euronet Worldwide shares by 8.1% in the second quarter. Prudential Financial Inc. now owns 2,212 shares of the business services provider valued at $300,000 after purchasing an additional 165 shares during the period. Invesco Ltd. increased its stake in Euronet Worldwide shares by 36.0% in the second quarter. Invesco Ltd. now owns 33,814 shares of the business services provider valued at $4,576,000 after purchasing an additional 8,946 shares during the period. Wedge Capital Management LLP NC increased its stake in Euronet Worldwide shares by 13.0% in the third quarter. Wedge Capital Management LLP NC now owns 3,102 shares of the business services provider valued at $395,000 after purchasing an additional 356 shares during the period. Tandem Investment Advisors Inc. increased its stake in Euronet Worldwide shares by 3.3% in the third quarter. Tandem Investment Advisors Inc. now owns 26,006 shares of the business services provider valued at $3,310,000 after purchasing an additional 830 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new equity stake in Euronet Worldwide in Q3 worth $255,000. 94.99% of the shares are held by institutional investors.
Euronet Worldwide Company Profile (Get a rating)
Euronet Worldwide, Inc is engaged in providing electronic payment and transaction processing solutions for financial institutions, retailers, service providers and individual consumers. It operates through the following segments: Electronic Funds Transfer (EFT) Processing, Epay, Money Transfer and Business Services, Disposals and Others.
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