Euronet Worldwide, Inc. (EEFT) Expected to Post Quarterly Sales of $595.45 Million

Equities analysts expect that Euronet Worldwide, Inc. (NASDAQ:EEFT) will post $595.45 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Euronet Worldwide’s earnings, with the lowest sales estimate coming in at $577.87 million and the highest estimate coming in at $632.30 million. Euronet Worldwide posted sales of $519.80 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.6%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that Euronet Worldwide will report full-year sales of $595.45 million for the current year, with estimates ranging from $2.23 billion to $2.28 billion. For the next year, analysts anticipate that the firm will post sales of $2.49 billion per share, with estimates ranging from $2.38 billion to $2.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Euronet Worldwide.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.61. The firm had revenue of $637.90 million during the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 EPS.

A number of equities research analysts have commented on EEFT shares. BidaskClub upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Goldman Sachs Group started coverage on Euronet Worldwide in a research note on Thursday, December 14th. They issued a “buy” rating and a $110.00 price target for the company. Northland Securities reiterated a “buy” rating and issued a $110.00 price target on shares of Euronet Worldwide in a research note on Thursday, October 19th. Piper Jaffray Companies reiterated a “buy” rating and issued a $112.00 price target on shares of Euronet Worldwide in a research note on Sunday, October 22nd. Finally, Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $108.86.

Shares of Euronet Worldwide (NASDAQ:EEFT) traded up $0.32 during midday trading on Monday, hitting $95.31. The company had a trading volume of 254,100 shares, compared to its average volume of 547,054. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The stock has a market cap of $5,030.00, a PE ratio of 25.15, a P/E/G ratio of 1.26 and a beta of 1.36. Euronet Worldwide has a 1 year low of $70.51 and a 1 year high of $101.07.

In other news, CEO Nikos Fountas sold 296 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $92.00, for a total value of $27,232.00. Following the completion of the transaction, the chief executive officer now directly owns 550 shares in the company, valued at $50,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Rick Weller sold 15,601 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $92.01, for a total value of $1,435,448.01. Following the completion of the transaction, the chief financial officer now owns 80,285 shares of the company’s stock, valued at $7,387,022.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,297 shares of company stock valued at $2,603,604. Company insiders own 7.70% of the company’s stock.

Large investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its holdings in Euronet Worldwide by 3.8% during the second quarter. Parametric Portfolio Associates LLC now owns 64,547 shares of the business services provider’s stock worth $5,639,000 after acquiring an additional 2,361 shares during the period. California Public Employees Retirement System grew its holdings in Euronet Worldwide by 2.9% during the third quarter. California Public Employees Retirement System now owns 92,373 shares of the business services provider’s stock worth $8,756,000 after acquiring an additional 2,573 shares during the period. Magnetar Financial LLC grew its holdings in Euronet Worldwide by 514.3% during the third quarter. Magnetar Financial LLC now owns 15,326 shares of the business services provider’s stock worth $1,453,000 after acquiring an additional 12,831 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Euronet Worldwide by 2.1% during the third quarter. Public Employees Retirement System of Ohio now owns 180,924 shares of the business services provider’s stock worth $17,150,000 after acquiring an additional 3,712 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Euronet Worldwide by 9.7% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 11,995 shares of the business services provider’s stock worth $1,137,000 after acquiring an additional 1,060 shares during the period. Hedge funds and other institutional investors own 95.43% of the company’s stock.

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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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