BidaskClub Lowers Euronet Worldwide (EEFT) to Sell

BidaskClub cut shares of Euronet Worldwide (NASDAQ:EEFT) from a hold rating to a sell rating in a research report sent to investors on Friday.

Other analysts have also issued reports about the company. DA Davidson lifted their price objective on Euronet Worldwide to $118.00 and gave the stock a buy rating in a research report on Thursday, February 1st. Goldman Sachs started coverage on Euronet Worldwide in a research report on Thursday, December 14th. They issued a buy rating and a $110.00 price objective for the company. Lake Street Capital lifted their price objective on Euronet Worldwide from $100.00 to $106.00 and gave the stock a buy rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded Euronet Worldwide from a sell rating to a hold rating in a research report on Monday, February 5th. Finally, William Blair lowered Euronet Worldwide from an outperform rating to a market perform rating in a research report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $111.71.

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Shares of NASDAQ:EEFT opened at $71.24 on Friday. Euronet Worldwide has a twelve month low of $70.67 and a twelve month high of $101.07. The firm has a market capitalization of $3,663.13, a PE ratio of 16.53, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 1.27.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.01. The company had revenue of $604.60 million during the quarter, compared to analyst estimates of $609.53 million. Euronet Worldwide had a return on equity of 21.76% and a net margin of 6.97%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. equities analysts anticipate that Euronet Worldwide will post 5 earnings per share for the current year.

In other Euronet Worldwide news, CEO Michael J. Brown sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $79.63, for a total transaction of $1,592,600.00. Following the transaction, the chief executive officer now owns 1,502,348 shares in the company, valued at $119,631,971.24. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have sold 80,000 shares of company stock worth $6,804,800. Company insiders own 7.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. American International Group Inc. bought a new position in Euronet Worldwide during the fourth quarter worth about $100,000. Delpha Capital Management LLC bought a new position in Euronet Worldwide during the fourth quarter worth about $101,000. FNY Managed Accounts LLC bought a new position in Euronet Worldwide during the fourth quarter worth about $126,000. The Manufacturers Life Insurance Company boosted its holdings in Euronet Worldwide by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after buying an additional 116 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Euronet Worldwide by 50.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,707 shares of the business services provider’s stock worth $228,000 after buying an additional 911 shares during the last quarter.

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About Euronet Worldwide

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.

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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