Euronet Worldwide, Inc. (NASDAQ:EEFT) – Stock analysts at DA Davidson upped their Q2 2019 EPS estimates for shares of Euronet Worldwide in a research note issued to investors on Thursday, June 13th. DA Davidson analyst P. Heckmann now forecasts that the business services provider will post earnings per share of $1.64 for the quarter, up from their prior forecast of $1.63. DA Davidson currently has a “Neutral” rating and a $161.20 target price on the stock. DA Davidson also issued estimates for Euronet Worldwide’s Q1 2020 earnings at $0.98 EPS.
Several other equities research analysts also recently weighed in on the company. Piper Jaffray Companies upped their target price on Euronet Worldwide to $159.00 in a research report on Tuesday, March 5th. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Thursday, February 14th. Wells Fargo & Co increased their price target on Euronet Worldwide from $150.00 to $164.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. They noted that the move was a valuation call. Finally, BidaskClub downgraded Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $152.74.
Shares of NASDAQ EEFT opened at $160.12 on Friday. Euronet Worldwide has a 1-year low of $81.68 and a 1-year high of $163.61. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $8.47 billion, a PE ratio of 30.15, a P/E/G ratio of 1.83 and a beta of 1.16.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Monday, April 29th. The business services provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. Euronet Worldwide had a return on equity of 24.83% and a net margin of 9.40%. The company had revenue of $577.50 million during the quarter, compared to the consensus estimate of $602.73 million. During the same quarter in the prior year, the business earned $0.73 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 5,461 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $161.12, for a total transaction of $879,876.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Meridian Wealth Management LLC acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth approximately $43,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth approximately $45,000. Premia Global Advisors LLC acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth approximately $55,000. Captrust Financial Advisors raised its position in shares of Euronet Worldwide by 163.0% during the 4th quarter. Captrust Financial Advisors now owns 668 shares of the business services provider’s stock worth $68,000 after purchasing an additional 414 shares during the period. Finally, Tortoise Index Solutions LLC acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth approximately $105,000. Institutional investors and hedge funds own 99.51% of the company’s stock.
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's Electronic Financial Transaction (EFT) Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit card outsourcing, card issuing, and merchant acquiring services.
Featured Story: Analyst Ratings Trading
Receive News & Ratings for Euronet Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.