Insider Selling: Euronet Worldwide Director Sells 12,738 Shares of Stock (EEFT)
Euronet Worldwide (NASDAQ:EEFT) Director Eriberto Scocimara sold 12,738 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $45.02, for a total value of $573,464.76. Following the completion of the sale, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $460,194. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Euronet Worldwide (NASDAQ:EEFT) traded up 0.04% during mid-day trading on Monday, hitting $44.70. The stock had a trading volume of 176,457 shares. Euronet Worldwide has a one year low of $17.39 and a one year high of $38.63. The stock has a 50-day moving average of $36.81 and a 200-day moving average of $31.30. The company has a market cap of $2.333 billion and a P/E ratio of 35.18.
Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.02. The company had revenue of $360.60 million for the quarter, compared to the consensus estimate of $353.10 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts expect that Euronet Worldwide will post $1.99 EPS for the current fiscal year.
A number of research firms have recently commented on EEFT. Analysts at Zacks upgraded shares of Euronet Worldwide from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $48.30 price target on the stock. Analysts at Piper Jaffray Cos. reiterated an “overweight” rating on shares of Euronet Worldwide in a research note to investors on Monday, September 30th. They now have a $44.00 price target on the stock, up previously from $39.00.
Euronet Worldwide, Inc (NASDAQ:EEFT) is a global electronic payments provider.
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