$596.13 Million in Sales Expected for Euronet Worldwide, Inc. (EEFT) This Quarter
Wall Street brokerages predict that Euronet Worldwide, Inc. (NASDAQ:EEFT) will report $596.13 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Euronet Worldwide’s earnings, with estimates ranging from $577.87 million to $635.00 million. Euronet Worldwide reported sales of $519.80 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.7%. The firm is expected to report its next quarterly earnings results on Tuesday, February 6th.
According to Zacks, analysts expect that Euronet Worldwide will report full year sales of $596.13 million for the current fiscal year, with estimates ranging from $2.23 billion to $2.28 billion. For the next year, analysts expect that the company will post sales of $2.49 billion per share, with estimates ranging from $2.38 billion to $2.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.61. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The business had revenue of $637.90 million for the quarter, compared to analyst estimates of $595.09 million. During the same period last year, the company earned $1.35 EPS. The firm’s revenue was up 21.7% on a year-over-year basis.
In other Euronet Worldwide news, CEO Michael J. Brown sold 63,538 shares of Euronet Worldwide stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $100.06, for a total transaction of $6,357,612.28. Following the transaction, the chief executive officer now directly owns 1,603,486 shares in the company, valued at $160,444,809.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin J. Caponecchi sold 49,238 shares of Euronet Worldwide stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $97.67, for a total value of $4,809,075.46. Following the transaction, the chief executive officer now owns 79,096 shares in the company, valued at $7,725,306.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,452 shares of company stock worth $12,406,543. Corporate insiders own 7.70% of the company’s stock.
A number of hedge funds have recently bought and sold shares of EEFT. Janus Henderson Group PLC bought a new position in Euronet Worldwide during the second quarter worth about $329,644,000. Commerce Bank lifted its holdings in Euronet Worldwide by 1,198.1% during the third quarter. Commerce Bank now owns 306,120 shares of the business services provider’s stock worth $29,017,000 after acquiring an additional 282,538 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Euronet Worldwide by 625.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 172,746 shares of the business services provider’s stock worth $15,093,000 after acquiring an additional 148,946 shares in the last quarter. FMR LLC lifted its holdings in Euronet Worldwide by 4.1% during the second quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock worth $309,023,000 after acquiring an additional 138,659 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Euronet Worldwide by 20.6% during the second quarter. Ameriprise Financial Inc. now owns 745,509 shares of the business services provider’s stock worth $65,132,000 after acquiring an additional 127,556 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.
Euronet Worldwide (NASDAQ:EEFT) traded up $0.32 during trading hours on Friday, hitting $91.35. The stock had a trading volume of 330,200 shares, compared to its average volume of 305,222. Euronet Worldwide has a 1-year low of $70.51 and a 1-year high of $101.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44. The company has a market cap of $4,817.68, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.41 and a beta of 1.39.
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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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