Brokerages expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to report sales of $535.11 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Euronet Worldwide’s earnings, with estimates ranging from $514.80 million to $563.70 million. Euronet Worldwide posted sales of $473.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that Euronet Worldwide will report full-year sales of $535.11 million for the current year, with estimates ranging from $2.42 billion to $2.63 billion. For the next financial year, analysts forecast that the company will report sales of $2.76 billion per share, with estimates ranging from $2.74 billion to $2.78 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.12 by $0.01. Euronet Worldwide had a net margin of 6.97% and a return on equity of 21.76%. The business had revenue of $604.60 million during the quarter, compared to the consensus estimate of $609.53 million. During the same period in the previous year, the business earned $0.99 earnings per share. The company’s revenue was up 16.3% on a year-over-year basis.
Euronet Worldwide (NASDAQ EEFT) opened at $87.60 on Tuesday. Euronet Worldwide has a 1 year low of $76.26 and a 1 year high of $101.07. The company has a market cap of $4,620.00, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 1.18 and a beta of 1.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.27 and a current ratio of 1.34.
In other Euronet Worldwide news, CEO Michael J. Brown sold 20,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $85.40, for a total transaction of $1,708,000.00. Following the sale, the chief executive officer now owns 1,462,348 shares of the company’s stock, valued at $124,884,519.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rick Weller sold 15,601 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $92.01, for a total transaction of $1,435,448.01. Following the sale, the chief financial officer now directly owns 80,285 shares in the company, valued at approximately $7,387,022.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,297 shares of company stock worth $9,408,404. Insiders own 7.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in shares of Euronet Worldwide by 12.1% during the fourth 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. William Blair Investment Management LLC grew its stake in shares of Euronet Worldwide by 35.7% during the fourth quarter. William Blair Investment Management LLC now owns 1,198,180 shares of the business services provider’s stock worth $100,971,000 after buying an additional 315,396 shares during the last quarter. Wasatch Advisors Inc. grew its stake in shares of Euronet Worldwide by 14.5% during the fourth 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. Millennium Management LLC grew its stake in shares of Euronet Worldwide by 376.3% during the fourth quarter. Millennium Management LLC now owns 652,525 shares of the business services provider’s stock worth $54,988,000 after buying an additional 515,535 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its stake in shares of Euronet Worldwide by 19.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 564,541 shares of the business services provider’s stock worth $47,574,000 after buying an additional 90,163 shares during the last quarter.
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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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