Q1 2018 EPS Estimates for Euronet Worldwide, Inc. Decreased by Analyst (EEFT)

Euronet Worldwide, Inc. (NASDAQ:EEFT) – DA Davidson cut their Q1 2018 EPS estimates for shares of Euronet Worldwide in a research report issued on Thursday. DA Davidson analyst P. Heckmann now forecasts that the business services provider will post earnings of $0.68 per share for the quarter, down from their previous estimate of $0.78. DA Davidson currently has a “Buy” rating and a $118.00 target price on the stock. DA Davidson also issued estimates for Euronet Worldwide’s Q3 2018 earnings at $1.95 EPS.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. Euronet Worldwide had a net margin of 6.97% and a return on equity of 22.41%. The business had revenue of $604.60 million during the quarter, compared to the consensus estimate of $609.53 million. During the same quarter last year, the company earned $0.99 earnings per share. The business’s quarterly revenue was up 16.3% compared to the same quarter last year.

A number of other analysts also recently weighed in on the stock. Lake Street Capital raised their price target on shares of Euronet Worldwide from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. BidaskClub downgraded shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. William Blair downgraded shares of Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Finally, Goldman Sachs Group assumed coverage on shares of Euronet Worldwide in a research report on Thursday, December 14th. They set a “buy” rating and a $110.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Euronet Worldwide currently has an average rating of “Buy” and a consensus target price of $111.71.

Shares of Euronet Worldwide (NASDAQ EEFT) opened at $78.70 on Monday. Euronet Worldwide has a 1 year low of $76.26 and a 1 year high of $101.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48. The firm has a market cap of $4,145.99, a P/E ratio of 28.01, a PEG ratio of 1.03 and a beta of 1.43.

In related news, CFO Rick Weller sold 12,400 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $92.01, for a total transaction of $1,140,924.00. Following the transaction, the chief financial officer now directly owns 80,285 shares in the company, valued at $7,387,022.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nikos Fountas sold 296 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $92.00, for a total value of $27,232.00. Following the transaction, the chief executive officer now owns 550 shares in the company, valued at $50,600. The disclosure for this sale can be found here. Insiders have sold 48,297 shares of company stock worth $4,428,004 over the last 90 days. 7.70% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC lifted its stake in Euronet Worldwide by 3.8% in the second quarter. Parametric Portfolio Associates LLC now owns 64,547 shares of the business services provider’s stock valued at $5,639,000 after buying an additional 2,361 shares during the last quarter. California Public Employees Retirement System lifted its stake in Euronet Worldwide by 2.9% in the third quarter. California Public Employees Retirement System now owns 92,373 shares of the business services provider’s stock valued at $8,756,000 after buying an additional 2,573 shares during the last quarter. Magnetar Financial LLC lifted its stake in Euronet Worldwide by 514.3% in the third quarter. Magnetar Financial LLC now owns 15,326 shares of the business services provider’s stock valued at $1,453,000 after buying an additional 12,831 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Euronet Worldwide by 2.1% in the third quarter. Public Employees Retirement System of Ohio now owns 180,924 shares of the business services provider’s stock valued at $17,150,000 after buying an additional 3,712 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Euronet Worldwide in the third quarter valued at $1,031,000. Institutional investors own 93.68% 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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