Euronet Worldwide, Inc. (EEFT) Expected to Announce Quarterly Sales of $510.50 Million
Brokerages predict that Euronet Worldwide, Inc. (NASDAQ:EEFT) will report $510.50 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Euronet Worldwide’s earnings. The highest sales estimate is $516.84 million and the lowest is $500.86 million. Euronet Worldwide reported sales of $476.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, July 25th.
According to Zacks, analysts expect that Euronet Worldwide will report full-year sales of $510.50 million for the current financial year, with estimates ranging from $2.13 billion to $2.16 billion. For the next year, analysts forecast that the company will report sales of $2.35 billion per share, with estimates ranging from $2.25 billion to $2.39 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Tuesday, April 25th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $464.08 million.
A number of brokerages have commented on EEFT. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Tuesday, April 11th. DA Davidson began coverage on Euronet Worldwide in a research report on Wednesday. They issued a “buy” rating and a $105.00 price target for the company. Finally, Lake Street Capital began coverage on Euronet Worldwide in a research report on Monday, June 26th. They issued a “buy” rating and a $96.00 price target for the company. Six investment analysts have rated the stock with a buy rating, Euronet Worldwide presently has a consensus rating of “Buy” and a consensus target price of $99.60.
In other Euronet Worldwide news, CEO Juan Bianchi sold 18,126 shares of the company’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 completion of the sale, the chief executive officer now owns 9,534 shares in the company, valued at $839,087.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jeffrey B. Newman sold 3,433 shares of the company’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total value of $315,836.00. Following the completion of the sale, the vice president now owns 16,386 shares of the company’s stock, valued at approximately $1,507,512. The disclosure for this sale can be found here. Corporate insiders own 7.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Capstone Asset Management Co. acquired a new stake in Euronet Worldwide during the second quarter valued at about $206,000. Intrust Bank NA acquired a new stake in Euronet Worldwide during the first quarter valued at about $210,000. Keybank National Association OH acquired a new stake in Euronet Worldwide during the first quarter valued at about $210,000. Country Club Trust Company n.a. acquired a new stake in Euronet Worldwide during the first quarter valued at about $217,000. Finally, Karp Capital Management Corp acquired a new stake in Euronet Worldwide during the first quarter valued at about $224,000. Institutional investors and hedge funds own 94.41% of the company’s stock.
Shares of Euronet Worldwide (NASDAQ EEFT) traded down 0.58% during midday trading on Friday, hitting $90.83. The stock had a trading volume of 128,706 shares. The stock has a market cap of $4.76 billion, a PE ratio of 28.31 and a beta of 1.33. The stock’s 50-day moving average is $88.26 and its 200-day moving average is $82.81. Euronet Worldwide has a 12 month low of $70.51 and a 12 month high of $92.00.
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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