Analysts Expect Euronet Worldwide, Inc. (EEFT) Will Announce Quarterly Sales of $526.82 Million

Wall Street analysts expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to post sales of $526.82 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Euronet Worldwide’s earnings, with estimates ranging from $511.50 million to $545.23 million. Euronet Worldwide reported sales of $473.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 11.3%. The business is scheduled to issue its next earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that Euronet Worldwide will report full year sales of $526.82 million for the current financial year, with estimates ranging from $2.38 billion to $2.59 billion. For the next fiscal year, analysts expect that the business will post sales of $2.73 billion per share, with estimates ranging from $2.68 billion to $2.77 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Euronet Worldwide.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, February 7th. The business services provider reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The company had revenue of $604.60 million during the quarter, compared to analyst estimates of $609.53 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 earnings per share.

A number of equities analysts recently issued reports on EEFT shares. DA Davidson increased their price objective on Euronet Worldwide to $118.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Piper Jaffray Companies reissued a “buy” rating and issued a $112.00 price objective on shares of Euronet Worldwide in a report on Sunday, October 22nd. Northland Securities reissued a “buy” rating and issued a $110.00 price objective on shares of Euronet Worldwide in a report on Thursday, October 19th. Goldman Sachs Group started coverage on Euronet Worldwide in a research report on Thursday, December 14th. They issued a “buy” rating and a $110.00 target price for the company. Finally, Lake Street Capital upped their target price on Euronet Worldwide from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $111.71.

In other news, CEO Michael J. Brown sold 20,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $91.22, for a total value of $1,824,400.00. Following the completion of the sale, the chief executive officer now owns 1,522,348 shares in the company, valued at $138,868,584.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nikos Fountas sold 296 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $92.00, for a total value of $27,232.00. Following the completion of the sale, the chief executive officer now owns 550 shares of the company’s stock, valued at approximately $50,600. The disclosure for this sale can be found here. Insiders have sold a total of 48,297 shares of company stock valued at $4,428,004 in the last quarter. Insiders own 7.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EEFT. Bristlecone Advisors LLC acquired a new position in shares of Euronet Worldwide in the third quarter worth $113,000. FNY Managed Accounts LLC acquired a new position in shares of Euronet Worldwide in the fourth quarter worth $126,000. The Manufacturers Life Insurance Company increased its stake in shares of Euronet Worldwide by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after acquiring an additional 116 shares during the last quarter. Turner Investments LLC acquired a new position in shares of Euronet Worldwide in the third quarter worth $174,000. Finally, Pitcairn Co. acquired a new position in shares of Euronet Worldwide in the third quarter worth $200,000. Institutional investors own 93.68% of the company’s stock.

Shares of Euronet Worldwide (NASDAQ EEFT) traded down $1.12 during mid-day trading on Thursday, reaching $81.56. The company had a trading volume of 58,627 shares, compared to its average volume of 581,905. Euronet Worldwide has a 1-year low of $77.22 and a 1-year high of $101.07. The company has a market cap of $4,572.71, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44.

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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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