Euronet Worldwide, Inc. (NASDAQ:EEFT) – William Blair lowered their FY2017 earnings estimates for shares of Euronet Worldwide in a research note issued on Monday, Zacks Investment Research reports. William Blair analyst C. Shutler now anticipates that the business services provider will post earnings of $4.33 per share for the year, down from their prior forecast of $4.34. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for Euronet Worldwide’s FY2018 earnings at $5.07 EPS.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.61. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The business had revenue of $637.90 million during the quarter, compared to analyst estimates of $595.09 million. During the same quarter last year, the company posted $1.35 EPS. Euronet Worldwide’s revenue for the quarter was up 21.7% on a year-over-year basis.
EEFT has been the subject of a number of other research reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $112.00 price target on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research note on Tuesday, September 26th. BidaskClub downgraded Euronet Worldwide from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. SunTrust Banks reissued a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Friday, October 6th. Finally, Northland Securities reissued a “buy” rating and issued a $110.00 price objective on shares of Euronet Worldwide in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $108.86.
Euronet Worldwide (EEFT) traded up $0.82 during trading hours on Wednesday, hitting $95.19. The company had a trading volume of 313,874 shares, compared to its average volume of 699,922. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44. Euronet Worldwide has a fifty-two week low of $70.51 and a fifty-two week high of $101.07. The firm has a market cap of $4,970.00, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 1.27 and a beta of 1.36.
Several institutional investors and hedge funds have recently bought and sold shares of EEFT. Aurora Investment Counsel bought a new position in shares of Euronet Worldwide in the 4th quarter valued at approximately $1,738,000. Atlantic Trust Group LLC raised its stake in shares of Euronet Worldwide by 28.6% in the 3rd quarter. Atlantic Trust Group LLC now owns 262,153 shares of the business services provider’s stock valued at $24,850,000 after acquiring an additional 58,307 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Euronet Worldwide by 2.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 180,924 shares of the business services provider’s stock valued at $17,150,000 after acquiring an additional 3,712 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Euronet Worldwide in the 3rd quarter valued at approximately $1,031,000. Finally, Hahn Capital Management LLC raised its stake in shares of Euronet Worldwide by 1.0% in the 3rd quarter. Hahn Capital Management LLC now owns 422,884 shares of the business services provider’s stock valued at $40,085,000 after acquiring an additional 4,024 shares in the last quarter. 95.17% of the stock is owned by institutional investors.
In other news, CEO Michael J. Brown sold 2,400 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at approximately $160,348,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nikos Fountas sold 296 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $92.00, for a total value of $27,232.00. Following the sale, the chief executive officer now directly owns 550 shares of the company’s stock, valued at $50,600. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,235 shares of company stock valued at $9,201,216. Company insiders own 7.70% of the company’s stock.
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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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