$1.02 Earnings Per Share Expected for Euronet Worldwide, Inc. (NASDAQ:EEFT) This Quarter
Brokerages forecast that Euronet Worldwide, Inc. (NASDAQ:EEFT) will post $1.02 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Euronet Worldwide’s earnings, with estimates ranging from $0.99 to $1.03. Euronet Worldwide reported earnings of $0.89 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.6%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, July 25th.
On average, 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 year, analysts expect that the company will report earnings of $4.96 per share, with EPS estimates ranging from $4.95 to $4.97. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.73 EPS for the quarter, meeting analysts’ consensus estimates of $0.73. Euronet Worldwide had a return on equity of 22.77% and a net margin of 8.70%. The firm had revenue of $473.40 million for the quarter, compared to analysts’ expectations of $464.08 million.
A number of research firms have recently issued reports on EEFT. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Monday. DA Davidson started coverage on Euronet Worldwide in a research report on Wednesday. They set a “buy” rating and a $105.00 target price on the stock. Finally, Lake Street Capital started coverage on Euronet Worldwide in a research report on Monday, June 26th. They set a “buy” rating and a $96.00 target price on the stock. Six investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $99.60.
Shares of Euronet Worldwide (NASDAQ:EEFT) traded up 2.98% on Wednesday, hitting $91.90. The stock had a trading volume of 108,727 shares. The stock has a 50 day moving average of $87.97 and a 200-day moving average of $82.69. The stock has a market cap of $4.82 billion, a PE ratio of 28.65 and a beta of 1.33. Euronet Worldwide has a 12 month low of $70.51 and a 12 month high of $92.00.
In other news, CEO Juan Bianchi sold 18,126 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $88.01, for a total value of $1,595,269.26. Following the transaction, the chief executive officer now directly owns 9,534 shares in the company, valued at $839,087.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.70% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in EEFT. William Blair Investment Management LLC acquired a new position in shares of Euronet Worldwide during the first quarter valued at approximately $71,781,000. Villere ST Denis J & Co. LLC increased its position in shares of Euronet Worldwide by 96.7% in the first quarter. Villere ST Denis J & Co. LLC now owns 911,973 shares of the business services provider’s stock valued at $77,991,000 after buying an additional 448,300 shares during the last quarter. Janus Capital Management LLC increased its position in shares of Euronet Worldwide by 15.3% in the first quarter. Janus Capital Management LLC now owns 3,361,668 shares of the business services provider’s stock valued at $287,489,000 after buying an additional 445,746 shares during the last quarter. Norges Bank acquired a new position in shares of Euronet Worldwide during the fourth quarter valued at approximately $28,977,000. Finally, Ameriprise Financial Inc. increased its position in shares of Euronet Worldwide by 67.2% in the first quarter. Ameriprise Financial Inc. now owns 617,953 shares of the business services provider’s stock valued at $52,847,000 after buying an additional 248,256 shares during the last quarter. Institutional investors and hedge funds own 94.41% of the company’s stock.
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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