Euronet Worldwide, Inc. (EEFT) Receives Average Rating of “Buy” from Analysts
Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned a consensus rating of “Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $99.75.
Several equities analysts have commented on EEFT shares. Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Lake Street Capital started coverage on shares of Euronet Worldwide in a report on Monday, June 26th. They issued a “buy” rating and a $96.00 price objective on the stock. DA Davidson started coverage on shares of Euronet Worldwide in a report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price objective on the stock. Finally, BidaskClub upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, July 31st.
Shares of Euronet Worldwide (EEFT) opened at 95.57 on Friday. Euronet Worldwide has a 12-month low of $70.51 and a 12-month high of $97.77. The company’s 50 day moving average is $91.69 and its 200 day moving average is $85.21. The company has a market capitalization of $5.02 billion, a P/E ratio of 30.85 and a beta of 1.34.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The business had revenue of $536.60 million for the quarter, compared to the consensus estimate of $513.10 million. During the same period in the previous year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts expect that Euronet Worldwide will post $4.55 earnings per share for the current fiscal year.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 3,433 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total value of $315,836.00. Following the transaction, the vice president now directly owns 16,386 shares in the company, valued at $1,507,512. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Juan Bianchi sold 18,126 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $88.01, for a total transaction of $1,595,269.26. Following the completion of the transaction, the chief executive officer now owns 9,534 shares in the company, valued at $839,087.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 126,883 shares of company stock worth $11,968,683. Corporate insiders own 7.70% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. William Blair Investment Management LLC acquired a new stake in shares of Euronet Worldwide during the first quarter worth about $71,781,000. Villere ST Denis J & Co. LLC boosted its stake 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 worth $77,991,000 after buying an additional 448,300 shares during the last quarter. Janus Capital Management LLC boosted its stake 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 worth $287,489,000 after buying an additional 445,746 shares during the last quarter. Ameriprise Financial Inc. boosted its stake 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 worth $52,847,000 after buying an additional 248,256 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of Euronet Worldwide during the first quarter worth about $18,377,000. 94.42% of the stock is owned by institutional investors.
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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