FY2017 EPS Estimates for Euronet Worldwide, Inc. (EEFT) Raised by Analyst
Euronet Worldwide, Inc. (NASDAQ:EEFT) – Stock analysts at DA Davidson boosted their FY2017 earnings per share (EPS) estimates for Euronet Worldwide in a research note issued to investors on Wednesday. DA Davidson analyst P. Heckmann now anticipates that the business services provider will post earnings per share of $4.35 for the year, up from their prior estimate of $4.34. DA Davidson has a “Buy” rating and a $105.00 price target on the stock. DA Davidson also issued estimates for Euronet Worldwide’s FY2018 earnings at $5.08 EPS.
EEFT has been the subject of several other research reports. BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Lake Street Capital restated a “buy” rating and set a $99.00 price target (up previously from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Monday, July 17th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Euronet Worldwide has a consensus rating of “Buy” and a consensus price target of $100.20.
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Euronet Worldwide (EEFT) opened at 98.42 on Friday. Euronet Worldwide has a 12 month low of $70.51 and a 12 month high of $98.83. The stock’s 50 day moving average price is $96.77 and its 200-day moving average price is $88.55. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 31.77 and a beta of 1.36.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. The firm had revenue of $536.60 million during the quarter, compared to analyst estimates of $513.10 million. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 earnings per share.
In related news, VP Jeffrey B. Newman sold 3,433 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jeffrey B. Newman sold 24,535 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $92.01, for a total transaction of $2,257,465.35. Following the sale, the vice president now directly owns 16,918 shares of the company’s stock, valued at approximately $1,556,625.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 306,574 shares of company stock valued at $29,668,269. 7.70% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Euronet Worldwide by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,958,608 shares of the business services provider’s stock valued at $345,863,000 after acquiring an additional 69,689 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Euronet Worldwide during the 2nd quarter valued at about $329,644,000. FMR LLC grew its stake in Euronet Worldwide by 4.1% during the 2nd quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock valued at $309,023,000 after acquiring an additional 138,659 shares in the last quarter. Janus Capital Management LLC grew its stake in Euronet Worldwide by 15.3% during the 1st quarter. Janus Capital Management LLC now owns 3,361,668 shares of the business services provider’s stock valued at $287,489,000 after acquiring an additional 445,746 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Euronet Worldwide by 3.9% during the 2nd quarter. Victory Capital Management Inc. now owns 2,683,263 shares of the business services provider’s stock valued at $234,437,000 after acquiring an additional 100,544 shares in the last quarter. 93.96% of the stock is owned by institutional investors.
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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