Research Analysts Offer Predictions for Euronet Worldwide, Inc.’s Q2 2018 Earnings (EEFT)

Euronet Worldwide, Inc. (NASDAQ:EEFT) – Equities research analysts at SunTrust Banks dropped their Q2 2018 earnings per share estimates for Euronet Worldwide in a research note issued on Wednesday. SunTrust Banks analyst A. Jeffrey now forecasts that the business services provider will post earnings per share of $1.18 for the quarter, down from their previous forecast of $1.20. SunTrust Banks also issued estimates for Euronet Worldwide’s Q3 2018 earnings at $1.88 EPS and Q4 2018 earnings at $1.18 EPS.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.01. The business had revenue of $604.60 million during the quarter, compared to analyst estimates of $609.53 million. Euronet Worldwide had a net margin of 6.97% and a return on equity of 22.41%. Euronet Worldwide’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS.

Other analysts have also issued research reports about the stock. DA Davidson boosted their price target on shares of Euronet Worldwide to $118.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $112.00 target price on shares of Euronet Worldwide in a research note on Sunday, October 22nd. 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. Goldman Sachs Group initiated coverage on shares of Euronet Worldwide in a research note 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 shares of Euronet Worldwide from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Euronet Worldwide has a consensus rating of “Buy” and an average price target of $111.71.

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

Several hedge funds and other institutional investors have recently bought and sold shares of EEFT. Victory Capital Management Inc. boosted its holdings in shares of Euronet Worldwide by 12.1% in the 4th quarter. Victory Capital Management Inc. now owns 2,712,984 shares of the business services provider’s stock worth $228,623,000 after buying an additional 292,777 shares during the last quarter. Wasatch Advisors Inc. boosted its holdings in shares of Euronet Worldwide by 14.5% in the 4th quarter. Wasatch Advisors Inc. now owns 874,298 shares of the business services provider’s stock worth $73,677,000 after buying an additional 111,033 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Euronet Worldwide by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 472,823 shares of the business services provider’s stock worth $44,817,000 after buying an additional 7,343 shares during the last quarter. Hahn Capital Management LLC boosted its holdings in shares of Euronet Worldwide by 1.0% in the 3rd quarter. Hahn Capital Management LLC now owns 422,884 shares of the business services provider’s stock worth $40,085,000 after buying an additional 4,024 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Euronet Worldwide by 2.0% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 309,248 shares of the business services provider’s stock worth $29,314,000 after buying an additional 6,000 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

In other news, CEO Michael J. Brown sold 20,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were 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 approximately $138,868,584.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nikos Fountas sold 296 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $92.00, for a total transaction 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. In the last quarter, insiders sold 48,297 shares of company stock valued at $4,428,004. Company insiders own 7.70% of the company’s stock.

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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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