Euronet Worldwide, Inc. (NASDAQ:EEFT) – Research analysts at DA Davidson cut their Q1 2018 earnings per share estimates for Euronet Worldwide in a research note issued on Thursday. DA Davidson analyst P. Heckmann now anticipates that the business services provider will post earnings per share of $0.68 for the quarter, down from their previous estimate of $0.78. DA Davidson has a “Buy” rating and a $118.00 price objective on the stock. DA Davidson also issued estimates for Euronet Worldwide’s Q3 2018 earnings at $1.95 EPS.
EEFT has been the subject of a number of other reports. Piper Jaffray Companies reiterated a “buy” rating and set a $112.00 price objective on shares of Euronet Worldwide in a research note on Sunday, October 22nd. BidaskClub cut Euronet Worldwide from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. Zacks Investment Research cut Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Monday, December 25th. Northland Securities reissued a “buy” rating and issued a $110.00 price target on shares of Euronet Worldwide in a report on Thursday, October 19th. Finally, William Blair cut Euronet Worldwide from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $111.71.
Euronet Worldwide (NASDAQ EEFT) opened at $78.61 on Monday. The stock has a market capitalization of $4,206.58, a P/E ratio of 18.53, a P/E/G ratio of 1.07 and a beta of 1.43. 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 has a 52 week low of $76.26 and a 52 week high of $101.07.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.13 earnings per share (EPS) 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 the consensus estimate of $609.53 million. Euronet Worldwide had a return on equity of 22.41% and a net margin of 6.97%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS.
In other news, CFO Rick Weller sold 12,400 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $92.01, for a total transaction of $1,140,924.00. Following the sale, the chief financial officer now directly owns 80,285 shares of the company’s stock, valued at approximately $7,387,022.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. Brown sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $91.22, for a total value of $1,824,400.00. Following the sale, the chief executive officer now directly owns 1,522,348 shares in the company, valued at $138,868,584.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,297 shares of company stock worth $4,428,004. 7.70% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. American International Group Inc. purchased a new stake in shares of Euronet Worldwide during the 4th quarter worth approximately $100,000. Bristlecone Advisors LLC purchased a new stake in shares of Euronet Worldwide during the 3rd quarter worth approximately $113,000. Delpha Capital Management LLC purchased a new stake in shares of Euronet Worldwide during the 4th quarter worth approximately $101,000. FNY Managed Accounts LLC purchased a new stake in shares of Euronet Worldwide during the 4th quarter worth approximately $126,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after acquiring an additional 116 shares in the last quarter. 95.62% of the stock is currently owned by institutional investors and hedge funds.
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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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