Zacks: Brokerages Anticipate Euronet Worldwide, Inc. (EEFT) Will Announce Earnings of $1.27 Per Share

Analysts expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to announce earnings of $1.27 per share for the current quarter, Zacks reports. Six analysts have provided estimates for Euronet Worldwide’s earnings, with the lowest EPS estimate coming in at $1.27 and the highest estimate coming in at $1.28. Euronet Worldwide posted earnings of $1.13 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.4%. The business is scheduled to report its next earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Euronet Worldwide will report full year earnings of $5.48 per share for the current financial year, with EPS estimates ranging from $5.48 to $5.49. For the next financial year, analysts forecast that the firm will report earnings of $6.82 per share, with EPS estimates ranging from $6.70 to $6.96. Zacks’ EPS averages 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 released its quarterly earnings data on Thursday, October 18th. The business services provider reported $2.09 EPS for the quarter, beating the consensus estimate of $2.04 by $0.05. Euronet Worldwide had a net margin of 6.02% and a return on equity of 24.13%. The business had revenue of $714.50 million during the quarter, compared to the consensus estimate of $709.33 million.

Several research analysts have commented on EEFT shares. Piper Jaffray Companies increased their price objective on shares of Euronet Worldwide from $111.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, October 1st. SunTrust Banks increased their price objective on shares of Euronet Worldwide to $130.00 and gave the company a “buy” rating in a report on Wednesday, September 12th. Citigroup initiated coverage on shares of Euronet Worldwide in a report on Tuesday, October 9th. They set a “buy” rating and a $135.00 price objective for the company. Wells Fargo & Co restated an “outperform” rating and set a $150.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 2nd. Finally, William Blair upgraded shares of Euronet Worldwide from a “market perform” rating to an “outperform” rating in a research report on Monday, October 1st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Euronet Worldwide presently has an average rating of “Buy” and a consensus target price of $128.88.

In other news, CEO Michael J. Brown sold 50,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $101.05, for a total transaction of $5,052,500.00. Following the sale, the chief executive officer now directly owns 1,511,118 shares in the company, valued at approximately $152,698,473.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jeffrey B. Newman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $112.16, for a total transaction of $560,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 395,129 shares of company stock worth $44,319,156 over the last 90 days. Corporate insiders own 7.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Euronet Worldwide by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,324,654 shares of the business services provider’s stock worth $433,417,000 after purchasing an additional 87,599 shares during the period. Janus Henderson Group PLC raised its position in Euronet Worldwide by 7.5% in the 2nd quarter. Janus Henderson Group PLC now owns 3,777,040 shares of the business services provider’s stock worth $316,403,000 after purchasing an additional 264,170 shares during the period. Wasatch Advisors Inc. raised its position in Euronet Worldwide by 6.4% in the 3rd quarter. Wasatch Advisors Inc. now owns 3,015,804 shares of the business services provider’s stock worth $302,244,000 after purchasing an additional 180,654 shares during the period. William Blair Investment Management LLC raised its position in Euronet Worldwide by 77.9% in the 3rd quarter. William Blair Investment Management LLC now owns 2,238,824 shares of the business services provider’s stock worth $224,375,000 after purchasing an additional 980,390 shares during the period. Finally, FMR LLC raised its position in Euronet Worldwide by 0.3% in the 3rd quarter. FMR LLC now owns 1,394,095 shares of the business services provider’s stock worth $139,716,000 after purchasing an additional 4,227 shares during the period.

EEFT opened at $111.34 on Friday. Euronet Worldwide has a 52 week low of $70.67 and a 52 week high of $121.93. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 1.61 and a beta of 1.06. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.55.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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Earnings History and Estimates for Euronet Worldwide (NASDAQ:EEFT)

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