SunTrust Banks Inc. assumed coverage on shares of Euronet Worldwide Inc. (NASDAQ:EEFT) in a research note published on Wednesday. The brokerage issued a buy rating and a $98.00 price target on the stock.
Separately, Zacks Investment Research cut Euronet Worldwide from a buy rating to a hold rating in a report on Tuesday, September 27th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $88.14.
Euronet Worldwide (NASDAQ:EEFT) opened at 83.13 on Wednesday. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 30.21 and a beta of 1.49. The company has a 50 day moving average price of $80.44 and a 200-day moving average price of $76.80. Euronet Worldwide has a 1-year low of $52.00 and a 1-year high of $84.81.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.07. The business had revenue of $476.90 million for the quarter, compared to analysts’ expectations of $470.99 million. Euronet Worldwide had a return on equity of 22.65% and a net margin of 8.01%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, analysts forecast that Euronet Worldwide will post $4.07 EPS for the current fiscal year.
In other news, VP Jeffrey B. Newman sold 5,772 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $77.80, for a total transaction of $449,061.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kevin J. Caponecchi sold 58,573 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $75.52, for a total value of $4,423,432.96. The disclosure for this sale can be found here. Insiders own 7.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in EEFT. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Euronet Worldwide during the second quarter valued at approximately $100,000. Checchi Capital Advisers LLC raised its position in shares of Euronet Worldwide by 1,179.0% in the second quarter. Checchi Capital Advisers LLC now owns 1,586 shares of the company’s stock valued at $110,000 after buying an additional 1,462 shares during the period. BlackRock Japan Co. Ltd raised its position in shares of Euronet Worldwide by 81.0% in the second quarter. BlackRock Japan Co. Ltd now owns 2,014 shares of the company’s stock valued at $139,000 after buying an additional 901 shares during the period. Smithfield Trust Co. raised its position in shares of Euronet Worldwide by 14.6% in the second quarter. Smithfield Trust Co. now owns 2,053 shares of the company’s stock valued at $142,000 after buying an additional 261 shares during the period. Finally, Advisor Consultant Network Inc. purchased a new position in shares of Euronet Worldwide during the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 89.80% of the company’s stock.
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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