Equities analysts forecast that Euronet Worldwide, Inc. (NASDAQ:EEFT) will post sales of $593.81 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Euronet Worldwide’s earnings, with estimates ranging from $581.00 million to $612.00 million. Euronet Worldwide reported sales of $524.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The company is scheduled to announce its next earnings report on Thursday, October 19th.
On average, analysts expect that Euronet Worldwide will report full-year sales of $593.81 million for the current financial year, with estimates ranging from $2.17 billion to $2.24 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.40 billion per share, with estimates ranging from $2.29 billion to $2.51 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.01. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The firm had revenue of $536.60 million during the quarter, compared to analysts’ expectations of $513.10 million. During the same quarter in the previous year, the company posted $0.97 EPS. Euronet Worldwide’s revenue was up 12.5% on a year-over-year basis.
EEFT has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Lake Street Capital initiated coverage on shares of Euronet Worldwide in a research note on Monday, June 26th. They set a “buy” rating and a $96.00 price target for the company. DA Davidson initiated coverage on shares of Euronet Worldwide in a research note on Wednesday, July 19th. They set a “buy” rating and a $105.00 price target for the company. Finally, BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Sunday. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $100.20.
Euronet Worldwide (NASDAQ:EEFT) opened at 96.23 on Thursday. The company has a 50-day moving average of $91.19 and a 200 day moving average of $84.97. Euronet Worldwide has a 52-week low of $70.51 and a 52-week high of $97.77. The company has a market cap of $5.06 billion, a PE ratio of 31.06 and a beta of 1.34.
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In related news, VP Jeffrey B. Newman sold 24,535 shares of Euronet Worldwide stock in a transaction on Monday, July 24th. The shares were sold at an average price of $92.01, for a total transaction of $2,257,465.35. Following the completion of the transaction, the vice president now owns 16,918 shares of the company’s stock, valued at $1,556,625.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Juan Bianchi sold 18,126 shares of Euronet Worldwide stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $88.01, for a total transaction of $1,595,269.26. Following the transaction, the chief executive officer now directly owns 9,534 shares of the company’s stock, valued at approximately $839,087.34. The disclosure for this sale can be found here. Insiders have sold 126,883 shares of company stock valued at $11,968,683 in the last three months. 7.70% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in EEFT. Stifel Financial Corp increased its position in shares of Euronet Worldwide by 20.5% in the first quarter. Stifel Financial Corp now owns 150,208 shares of the business services provider’s stock worth $12,837,000 after buying an additional 25,510 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Euronet Worldwide by 2.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 53,967 shares of the business services provider’s stock worth $4,615,000 after buying an additional 1,075 shares in the last quarter. First Houston Capital Inc. increased its position in shares of Euronet Worldwide by 2.6% in the first quarter. First Houston Capital Inc. now owns 33,200 shares of the business services provider’s stock worth $2,839,000 after buying an additional 850 shares in the last quarter. Geneva Advisors LLC increased its position in shares of Euronet Worldwide by 6.5% in the first quarter. Geneva Advisors LLC now owns 54,789 shares of the business services provider’s stock worth $4,686,000 after buying an additional 3,344 shares in the last quarter. Finally, Essex Investment Management Co. LLC increased its position in shares of Euronet Worldwide by 2.6% in the first quarter. Essex Investment Management Co. LLC now owns 5,392 shares of the business services provider’s stock worth $461,000 after buying an additional 137 shares in the last quarter. 94.42% of the stock is owned by institutional investors and hedge funds.
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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