Wall Street analysts predict that Euronet Worldwide, Inc. (NASDAQ:EEFT) will post earnings of $1.02 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Euronet Worldwide’s earnings. The lowest EPS estimate is $0.99 and the highest is $1.03. Euronet Worldwide posted earnings of $0.89 per share during the same quarter last year, which suggests a positive year over year growth rate of 14.6%. The business is expected to report its next quarterly earnings results on Monday, July 24th.

According to Zacks, analysts expect that Euronet Worldwide will report full year earnings of $4.31 per share for the current financial year, with EPS estimates ranging from $4.27 to $4.36. For the next fiscal year, analysts anticipate that the company will report earnings of $4.93 per share. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Euronet Worldwide.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.73. The business earned $473.40 million during the quarter, compared to analysts’ expectations of $464.08 million. Euronet Worldwide had a return on equity of 23.58% and a net margin of 8.90%.

EEFT has been the subject of a number of research reports. Evercore ISI reissued a “buy” rating on shares of Euronet Worldwide in a research report on Tuesday, March 14th. Zacks Investment Research raised Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, February 1st. Finally, Piper Jaffray Companies set a $97.00 price target on Euronet Worldwide and gave the company a “buy” rating in a research report on Thursday, February 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $97.00.

Euronet Worldwide (NASDAQ:EEFT) traded up 0.3966% during trading on Thursday, hitting $84.1725. The stock had a trading volume of 8,168 shares. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 26.2383 and a beta of 1.34. Euronet Worldwide has a one year low of $65.33 and a one year high of $86.35. The stock’s 50-day moving average is $84.37 and its 200 day moving average is $78.65.

A number of large investors have recently bought and sold shares of EEFT. Victory Capital Management Inc. increased its stake in Euronet Worldwide by 247,484.9% in the third quarter. Victory Capital Management Inc. now owns 2,463,470 shares of the business services provider’s stock worth $201,586,000 after buying an additional 2,462,475 shares during the period. Norges Bank purchased a new stake in Euronet Worldwide during the fourth quarter worth about $28,977,000. Frontier Capital Management Co. LLC increased its stake in Euronet Worldwide by 13.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,267,132 shares of the business services provider’s stock worth $164,208,000 after buying an additional 263,118 shares during the period. Two Sigma Advisers LP increased its stake in Euronet Worldwide by 385.1% in the third quarter. Two Sigma Advisers LP now owns 193,868 shares of the business services provider’s stock worth $15,864,000 after buying an additional 153,900 shares during the period. Finally, Lucha Capital Management LP purchased a new stake in Euronet Worldwide during the fourth quarter worth about $8,555,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

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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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