William Blair Comments on Euronet Worldwide Inc.’s Q3 2016 Earnings (EEFT)
Euronet Worldwide Inc. (NASDAQ:EEFT) – William Blair increased their Q3 2016 earnings per share (EPS) estimates for Euronet Worldwide in a report released on Tuesday. William Blair analyst C. Shutler now anticipates that the brokerage will post earnings of $1.29 per share for the quarter, up from their previous forecast of $1.28.
EEFT has been the topic of a number of other reports. SunTrust Banks Inc. started coverage on Euronet Worldwide in a research report on Wednesday. They set a “buy” rating and a $98.00 target price on the stock. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $88.14.
Shares of Euronet Worldwide (NASDAQ:EEFT) traded down 1.03% during trading on Thursday, reaching $82.97. The company’s stock had a trading volume of 80,779 shares. Euronet Worldwide has a 12 month low of $52.00 and a 12 month high of $84.43. The company’s 50-day moving average is $80.11 and its 200-day moving average is $76.67. The company has a market capitalization of $4.32 billion, a P/E ratio of 30.15 and a beta of 1.49.
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Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.07. The firm earned $476.90 million during the quarter, compared to analyst estimates of $470.99 million. Euronet Worldwide had a return on equity of 22.65% and a net margin of 8.01%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of EEFT. Fuller & Thaler Asset Management Inc. purchased a new position in Euronet Worldwide during the second quarter worth about $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.
In other news, VP Jeffrey B. Newman sold 5,772 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $77.80, for a total value of $449,061.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin J. Caponecchi sold 58,573 shares of Euronet Worldwide 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 disclosure for this sale can be found here. 7.30% of the stock is currently owned by insiders.
About Euronet Worldwide
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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