Analysts Expect Euronet Worldwide, Inc. (EEFT) Will Post Quarterly Sales of $589.91 Million
Analysts expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to post $589.91 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Euronet Worldwide’s earnings, with estimates ranging from $575.00 million to $616.80 million. Euronet Worldwide reported sales of $519.80 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.5%. The business is scheduled to report its next earnings results on Tuesday, February 6th.
On average, analysts expect that Euronet Worldwide will report full year sales of $589.91 million for the current financial year, with estimates ranging from $2.17 billion to $2.24 billion. For the next financial year, analysts expect that the firm will report sales of $2.41 billion per share, with estimates ranging from $2.29 billion to $2.51 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.61. The firm had revenue of $637.90 million during the quarter, compared to analyst estimates of $595.09 million. Euronet Worldwide had a return on equity of 23.76% and a net margin of 9.63%. Euronet Worldwide’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.35 earnings per share.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. DA Davidson assumed coverage on shares of Euronet Worldwide in a research note on Wednesday, July 19th. They issued a “buy” rating and a $105.00 target price for the company. Lake Street Capital assumed coverage on shares of Euronet Worldwide in a research note on Monday, June 26th. They issued a “buy” rating and a $96.00 target price for the company. Northland Securities reiterated a “buy” rating and issued a $110.00 target price on shares of Euronet Worldwide in a research note on Thursday, October 19th. Finally, BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 6th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $108.67.
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In other Euronet Worldwide news, CEO Michael J. Brown sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $96.49, for a total transaction of $5,789,400.00. Following the completion of the transaction, the chief executive officer now owns 1,605,886 shares in the company, valued at $154,951,940.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin J. Caponecchi sold 49,238 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $97.67, for a total transaction of $4,809,075.46. Following the transaction, the chief executive officer now owns 79,096 shares of the company’s stock, valued at approximately $7,725,306.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 278,606 shares of company stock valued at $27,094,968. Corporate insiders own 7.70% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. lifted its stake in Euronet Worldwide by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,753 shares of the business services provider’s stock worth $503,000 after purchasing an additional 15 shares during the period. Renaissance Group LLC lifted its stake in Euronet Worldwide by 0.9% during the second quarter. Renaissance Group LLC now owns 3,864 shares of the business services provider’s stock worth $338,000 after purchasing an additional 36 shares during the period. American Century Companies Inc. lifted its stake in Euronet Worldwide by 1.9% during the second quarter. American Century Companies Inc. now owns 4,972 shares of the business services provider’s stock worth $434,000 after purchasing an additional 94 shares during the period. NGAM Advisors L.P. lifted its stake in Euronet Worldwide by 0.3% during the second quarter. NGAM Advisors L.P. now owns 29,932 shares of the business services provider’s stock worth $2,616,000 after purchasing an additional 95 shares during the period. Finally, Utah Retirement Systems lifted its stake in Euronet Worldwide by 1.1% during the second quarter. Utah Retirement Systems now owns 9,200 shares of the business services provider’s stock worth $804,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.
Shares of Euronet Worldwide (NASDAQ:EEFT) traded down 1.66% during mid-day trading on Tuesday, reaching $98.32. The company had a trading volume of 211,739 shares. Euronet Worldwide has a 52-week low of $70.51 and a 52-week high of $101.07. The company has a market capitalization of $5.17 billion, a PE ratio of 31.74 and a beta of 1.34. The company’s 50-day moving average price is $96.87 and its 200-day moving average price is $91.18.
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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