Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $91.22, for a total transaction of $1,824,400.00. Following the completion of the sale, the chief executive officer now owns 1,522,348 shares in the company, valued at approximately $138,868,584.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at $79.85 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44. The stock has a market cap of $4,146.00, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. Euronet Worldwide, Inc. has a 12-month low of $76.26 and a 12-month high of $101.07.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The firm had revenue of $604.60 million for the quarter, compared to analyst estimates of $609.53 million. Euronet Worldwide had a net margin of 6.97% and a return on equity of 22.41%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. equities analysts forecast that Euronet Worldwide, Inc. will post 5.07 EPS for the current year.
A number of institutional investors have recently bought and sold shares of EEFT. American International Group Inc. acquired a new position in Euronet Worldwide in the fourth quarter worth approximately $100,000. Bristlecone Advisors LLC acquired a new position in Euronet Worldwide in the 3rd quarter worth approximately $113,000. FNY Managed Accounts LLC acquired a new position in Euronet Worldwide in the 4th quarter worth approximately $126,000. The Manufacturers Life Insurance Company boosted its stake in 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 worth $149,000 after purchasing an additional 116 shares during the period. Finally, Turner Investments LLC acquired a new position in Euronet Worldwide in the 3rd quarter worth approximately $174,000. Hedge funds and other institutional investors own 95.62% of the company’s stock.
A number of research analysts recently commented on the stock. Lake Street Capital raised their price objective on shares of Euronet Worldwide from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research upgraded shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. DA Davidson raised their price objective on shares of Euronet Worldwide to $118.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. BidaskClub lowered shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Finally, William Blair lowered shares of Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $111.71.
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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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