Euronet Worldwide Inc. (NASDAQ:EEFT) has received an average recommendation of “Buy” from the nine ratings firms that are covering the firm. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $84.75.
Several equities analysts recently weighed in on EEFT shares. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Monness Crespi & Hardt lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Friday, June 10th.
Shares of Euronet Worldwide (NASDAQ:EEFT) opened at 81.83 on Wednesday. The company’s 50 day moving average is $78.93 and its 200 day moving average is $76.05. Euronet Worldwide has a one year low of $52.00 and a one year high of $82.49. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 29.73 and a beta of 1.49.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.07. The company earned $476.90 million during the quarter, compared to analyst estimates of $470.99 million. Euronet Worldwide had a net margin of 8.01% and a return on equity of 22.65%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. Equities research analysts predict that Euronet Worldwide will post $4.07 earnings per share for the current year.
In other news, VP Jeffrey B. Newman sold 5,772 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $77.80, for a total value of $449,061.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin J. Caponecchi sold 58,573 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $75.52, for a total transaction of $4,423,432.96. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Euronet Worldwide during the fourth quarter worth about $32,384,000. OLD National Bancorp IN purchased a new stake in shares of Euronet Worldwide during the first quarter worth about $251,000. Icon Advisers Inc. Co. increased its stake in shares of Euronet Worldwide by 136.5% in the first quarter. Icon Advisers Inc. Co. now owns 17,500 shares of the company’s stock worth $1,297,000 after buying an additional 10,100 shares during the last quarter. Ngam Advisors L.P. purchased a new stake in shares of Euronet Worldwide during the first quarter worth about $1,764,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Euronet Worldwide by 7.7% in the first quarter. TIAA CREF Investment Management LLC now owns 357,386 shares of the company’s stock worth $26,486,000 after buying an additional 25,518 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
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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