Euronet Worldwide (NASDAQ:EEFT) Posts Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Euronet Worldwide (NASDAQ:EEFT) announced its quarterly earnings data on Tuesday. The business services provider reported $3.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.69 by ($0.14), FiscalAI reports. Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.19 billion.

Euronet Worldwide Stock Down 2.5%

Euronet Worldwide stock opened at $63.95 on Tuesday. Euronet Worldwide has a twelve month low of $61.62 and a twelve month high of $84.60. The stock has a 50 day moving average of $67.30 and a two-hundred day moving average of $70.69. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 0.53 and a beta of 0.85.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EEFT. Stephens initiated coverage on shares of Euronet Worldwide in a report on Friday, October 16th. They issued an “equal weight” rating and a $71.00 target price for the company. Needham & Company LLC lifted their target price on Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Wolfe Research reduced their target price on Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday, August 25th. DA Davidson reissued a “buy” rating and issued a $102.00 target price on shares of Euronet Worldwide in a research report on Friday, July 10th. Finally, Weiss Ratings downgraded Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $81.60.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global provider of electronic payment and transaction-processing services. Founded in 1994 and headquartered in Leawood, Kansas, the company serves financial institutions, retailers, mobile network operators, businesses and consumers through operations in markets around the world.

Euronet operates through three principal business segments: electronic financial transactions, epay and money transfer. Its electronic financial transaction business provides automated teller machine (ATM) services, point-of-sale services, card outsourcing, electronic payment processing and related financial technology solutions.