Euronet Worldwide (NASDAQ:EEFT) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ~$0.73 for the period, compared to the Thomson Reuters consensus estimate of $0.80.
Euronet Worldwide (EEFT) traded down $1.24 during trading on Wednesday, hitting $78.61. 545,400 shares of the stock traded hands, compared to its average volume of 617,748. Euronet Worldwide has a 52 week low of $76.26 and a 52 week high of $101.07. The firm has a market capitalization of $4,206.58, a price-to-earnings ratio of 18.53, a P/E/G ratio of 1.07 and a beta of 1.43. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the 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 net margin of 6.97% and a return on equity of 22.41%. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. sell-side analysts forecast that Euronet Worldwide will post 5 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on EEFT shares. DA Davidson upped their target price on shares of Euronet Worldwide to $118.00 and gave the company a buy rating in a research note on Thursday, February 1st. Piper Jaffray Companies restated a buy rating and issued a $112.00 target price on shares of Euronet Worldwide in a research note on Sunday, October 22nd. Northland Securities restated a buy rating and issued a $110.00 target price on shares of Euronet Worldwide in a research note on Thursday, October 19th. Goldman Sachs Group initiated coverage on shares of Euronet Worldwide in a research note on Thursday, December 14th. They set a buy rating and a $110.00 price objective on the stock. Finally, Lake Street Capital increased 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Euronet Worldwide presently has a consensus rating of Buy and an average price target of $111.71.
In other Euronet Worldwide news, CFO Rick Weller sold 12,400 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $92.01, for a total transaction of $1,140,924.00. Following the transaction, the chief financial officer now directly owns 80,285 shares in the company, valued at approximately $7,387,022.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $27,232.00. Following the sale, the chief executive officer now directly owns 550 shares in the company, valued at $50,600. The disclosure for this sale can be found here. Insiders have sold a total of 48,297 shares of company stock worth $4,428,004 over the last quarter. 7.70% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Euronet Worldwide stock. The Manufacturers Life Insurance Company increased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,696 shares of the business services provider’s stock after acquiring an additional 116 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Euronet Worldwide were worth $149,000 at the end of the most recent reporting period. Institutional investors own 95.62% of the company’s stock.
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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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