Stock analysts are predicting that Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) will report earnings of $1.64 per share for the current quarter, according to Zacks. Three analysts released earnings estimates for Euronet Worldwide, with the highest EPS estimate of $1.76 and the lowest estimate of $1.50. Euronet Worldwide reported earnings per share of $0.53 in the same quarter last year, suggesting a positive year-over-year growth rate of 209.4%. The company is due to release its next results on Monday, January 1.
According to Zacks, analysts expect Euronet Worldwide to report annual earnings of $7.06 per share for the current fiscal year, with EPS estimates ranging from $6.90 to $7.28. For next 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 average based on a survey of sell-side analysts who provide coverage for Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT – Get Rating) last released its quarterly earnings data on Wednesday, April 27. The business services provider reported earnings per share (EPS) of $0.69 for the quarter, missing analyst consensus estimates of $0.72 per ($0.03). 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 in the quarter, compared to $726.46 million expected by analysts. During the same period of the previous year, the company achieved EPS of $0.11. The company’s quarterly revenue increased 10.1% year over year.
A number of analysts have recently released reports on EEFT shares. Keefe, Bruyette & Woods assumed coverage of Euronet Worldwide shares in a report on Thursday, April 21. They set an “outperform” rating and a price target of $164.00 on the stock. Zacks Investment Research downgraded Euronet Worldwide from a “hold” rating to a “strong sell” rating and set a price target of $120.00 for the stock. in a report on Thursday, February 17. 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. UBS Group launched coverage on Euronet Worldwide in a research note on Thursday, March 31. They issued a “buy” rating and a target price of $163.00 for the company. Finally, StockNews.com launched coverage on Euronet Worldwide in a research report on Thursday, March 31. They set a “holding” rating for the company. One analyst rated the stock with a sell rating, one assigned a hold rating and six assigned the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $165.33.
EEFT stock traded at $5.76 during Friday’s session, hitting $114.02. The company had a trading volume of 309,337 shares, compared to an average volume of 395,281. The company has a leverage ratio of 1.54, a quick ratio of 1.79 and a current ratio of 1.76. Euronet Worldwide has a 12-month low of $96.30 and a 12-month high of $159.32. The company has a 50-day simple moving average of $124.96 and a 200-day simple moving average of $123.23. The company has a market capitalization of $5.84 billion, a price-earnings ratio of 69.52 and a beta of 1.38.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Mawer Investment Management Ltd. increased its stake in Euronet Worldwide by 50.3% in the 1st quarter. Mawer Investment Management Ltd. now owns 4,729 shares of the business services provider valued at $615,000 after buying an additional 1,583 shares last quarter. WCM Investment Management LLC increased its stake in Euronet Worldwide by 13.6% during the 1st quarter. WCM Investment Management LLC now owns 120,522 shares of the business services provider valued at $15,686,000 after acquiring an additional 14,475 shares in the last quarter. Texas Permanent School Fund acquired a new position in shares of Euronet Worldwide during the 1st quarter at a value of $4,877,000. Pembroke Management LTD increased its position in Euronet Worldwide shares by 2.2% during the 1st quarter. Pembroke Management LTD now owns 110,322 shares of the business services provider valued at $14,358,000 after purchasing an additional 2,348 shares during the period. Finally, State of Michigan Retirement System acquired a new position in shares of Euronet Worldwide in the 1st quarter with a value of $1,746,000. Hedge funds and other institutional investors hold 94.42% of the company’s shares.
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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