Euronet Worldwide, Inc. (NASDAQ:EEFT) – Investment analysts at DA Davidson boosted their Q3 2018 earnings estimates for Euronet Worldwide in a report issued on Thursday, Zacks Investment Research reports. DA Davidson analyst P. Heckmann now expects that the business services provider will post earnings of $1.94 per share for the quarter, up from their previous forecast of $1.91. DA Davidson currently has a “Buy” rating and a $118.00 price target on the stock. DA Davidson also issued estimates for Euronet Worldwide’s FY2018 earnings at $5.18 EPS and FY2019 earnings at $5.79 EPS.
Other equities research analysts have also issued reports about the company. Piper Jaffray Companies restated a “buy” rating and set a $112.00 price target on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Northland Securities restated a “buy” rating and set a $110.00 price target on shares of Euronet Worldwide in a research report on Thursday, October 19th. Goldman Sachs Group initiated coverage on Euronet Worldwide in a research report on Thursday, December 14th. They set a “buy” rating and a $110.00 price target on the stock. Lake Street Capital increased their price target on Euronet Worldwide from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Zacks Investment Research upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $111.71.
Euronet Worldwide (EEFT) traded up $1.15 during midday trading on Monday, reaching $79.85. The company had a trading volume of 906,000 shares, compared to its average volume of 619,509. The company has a market cap of $4,210.00, a price-to-earnings ratio of 28.42, a PEG ratio of 1.03 and a beta of 1.43. Euronet Worldwide has a 1-year low of $76.26 and a 1-year high of $101.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. The business had revenue of $604.60 million during the quarter, compared to analysts’ expectations of $609.53 million. Euronet Worldwide had a return on equity of 22.41% and a net margin of 6.97%. Euronet Worldwide’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS.
In other Euronet Worldwide news, CEO Nikos Fountas sold 296 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $92.00, for a total value of $27,232.00. Following the transaction, the chief executive officer now directly owns 550 shares in the company, valued at approximately $50,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rick Weller sold 15,601 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $92.01, for a total value of $1,435,448.01. Following the completion of the transaction, the chief financial officer now owns 80,285 shares in the company, valued at $7,387,022.85. The disclosure for this sale can be found here. Insiders sold a total of 48,297 shares of company stock worth $4,428,004 over the last quarter. Corporate insiders own 7.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Euronet Worldwide by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 116 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Euronet Worldwide by 1.2% in the 2nd quarter. Alliancebernstein L.P. now owns 31,645 shares of the business services provider’s stock valued at $2,765,000 after purchasing an additional 390 shares during the period. Campbell Newman Asset Management Inc. lifted its stake in shares of Euronet Worldwide by 22.3% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 4,009 shares of the business services provider’s stock valued at $338,000 after purchasing an additional 732 shares during the period. FDx Advisors Inc. lifted its stake in shares of Euronet Worldwide by 5.1% in the 4th quarter. FDx Advisors Inc. now owns 15,514 shares of the business services provider’s stock valued at $1,307,000 after purchasing an additional 751 shares during the period. Finally, Cambiar Investors LLC lifted its stake in shares of Euronet Worldwide by 1.8% in the 3rd quarter. Cambiar Investors LLC now owns 44,460 shares of the business services provider’s stock valued at $4,214,000 after purchasing an additional 785 shares during the period. 95.62% of the stock is currently owned by institutional investors.
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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.
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