A number of research firms have changed their ratings and price targets for Euronet Worldwide (NASDAQ: EEFT):

  • 8/6/2017 – Euronet Worldwide was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/31/2017 – Euronet Worldwide was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/28/2017 – Euronet Worldwide was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Euronet Services Inc. is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. (Press Release) “
  • 7/27/2017 – Euronet Worldwide had its “buy” rating reaffirmed by analysts at Lake Street Capital. They now have a $99.00 price target on the stock, up previously from $96.00.
  • 7/19/2017 – Euronet Worldwide is now covered by analysts at DA Davidson. They set a “buy” rating and a $105.00 price target on the stock.
  • 7/17/2017 – Euronet Worldwide was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $102.00 price target on the stock. According to Zacks, “Euronet Services Inc. is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. (Press Release) “
  • 6/26/2017 – Euronet Worldwide is now covered by analysts at Lake Street Capital. They set a “buy” rating and a $96.00 price target on the stock.

Shares of Euronet Worldwide, Inc. (NASDAQ EEFT) opened at 96.83 on Tuesday. The firm’s 50-day moving average price is $89.65 and its 200 day moving average price is $84.10. Euronet Worldwide, Inc. has a 1-year low of $70.51 and a 1-year high of $97.17. The stock has a market cap of $5.09 billion, a P/E ratio of 31.26 and a beta of 1.34.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, July 26th. The business services provider reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The business had revenue of $536.60 million for the quarter, compared to analysts’ expectations of $513.10 million. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. On average, equities analysts expect that Euronet Worldwide, Inc. will post $4.55 earnings per share for the current fiscal year.

In other news, VP Jeffrey B. Newman sold 24,535 shares of Euronet Worldwide stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $92.01, for a total transaction of $2,257,465.35. Following the sale, the vice president now owns 16,918 shares in the company, valued at $1,556,625.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. Brown sold 60,000 shares of Euronet Worldwide stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $96.49, for a total value of $5,789,400.00. Following the sale, the chief executive officer now owns 1,605,886 shares in the company, valued at approximately $154,951,940.14. The disclosure for this sale can be found here. Insiders have sold 106,094 shares of company stock worth $9,957,971 in the last quarter. Insiders own 7.70% of the company’s stock.

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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