Euronet Worldwide Inc. to Post FY2017 Earnings of $4.34 Per Share, William Blair Forecasts (EEFT)
Euronet Worldwide Inc. (NASDAQ:EEFT) – Investment analysts at William Blair lifted their FY2017 earnings per share (EPS) estimates for shares of Euronet Worldwide in a research report issued to clients and investors on Tuesday. William Blair analyst C. Shutler now expects that the brokerage will post earnings per share of $4.34 for the year, up from their previous estimate of $4.28.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. SunTrust Banks Inc. initiated coverage on shares of Euronet Worldwide in a research note on Wednesday. They issued a “buy” rating and a $98.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $86.86.
Euronet Worldwide (NASDAQ:EEFT) traded down 0.08% on Wednesday, hitting $83.59. 460,345 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $79.94 and its 200-day moving average price is $76.62. Euronet Worldwide has a 12-month low of $52.00 and a 12-month high of $84.43. The company has a market cap of $4.35 billion, a PE ratio of 30.37 and a beta of 1.49.
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Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.07. Euronet Worldwide had a net margin of 8.01% and a return on equity of 22.65%. The company earned $476.90 million during the quarter, compared to analysts’ expectations of $470.99 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. Euronet Worldwide’s revenue for the quarter was up 12.2% compared to the same quarter last year.
In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 58,573 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $75.52, for a total transaction of $4,423,432.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jeffrey B. Newman sold 5,772 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $77.80, for a total transaction of $449,061.60. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new position in Euronet Worldwide during the second quarter valued at approximately $100,000. Checchi Capital Advisers LLC boosted its position in Euronet Worldwide by 1,179.0% in the second quarter. Checchi Capital Advisers LLC now owns 1,586 shares of the company’s stock valued at $110,000 after buying an additional 1,462 shares during the period. BlackRock Japan Co. Ltd boosted its position in Euronet Worldwide by 81.0% in the second quarter. BlackRock Japan Co. Ltd now owns 2,014 shares of the company’s stock valued at $139,000 after buying an additional 901 shares during the period. Smithfield Trust Co. boosted its position in Euronet Worldwide by 14.6% in the second quarter. Smithfield Trust Co. now owns 2,053 shares of the company’s stock valued at $142,000 after buying an additional 261 shares during the period. Finally, FNY Managed Accounts LLC boosted its position in Euronet Worldwide by 204.8% in the second quarter. FNY Managed Accounts LLC now owns 3,048 shares of the company’s stock valued at $211,000 after buying an additional 2,048 shares during the period. Institutional investors own 89.92% of the company’s stock.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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