BidaskClub upgraded shares of Euronet Worldwide (NASDAQ:EEFT) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning.
Other analysts have also issued research reports about the company. Lake Street Capital increased their target price on Euronet Worldwide from $100.00 to $106.00 and gave the company a buy rating in a report on Thursday, February 8th. DA Davidson increased their target price on Euronet Worldwide to $118.00 and gave the company a buy rating in a report on Thursday, February 1st. William Blair lowered Euronet Worldwide from an outperform rating to a market perform rating in a report on Monday, December 18th. Goldman Sachs Group initiated coverage on Euronet Worldwide in a report on Thursday, December 14th. They issued a buy rating and a $110.00 target price for the company. Finally, Zacks Investment Research upgraded Euronet Worldwide from a sell rating to a hold rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $111.71.
Euronet Worldwide (NASDAQ EEFT) traded up $0.81 on Friday, hitting $85.12. The stock had a trading volume of 434,144 shares, compared to its average volume of 644,058. The stock has a market capitalization of $4,530.00, a price-to-earnings ratio of 30.29, a P/E/G ratio of 1.13 and a beta of 1.43. Euronet Worldwide has a one year low of $76.26 and a one year high of $101.07. 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 (NASDAQ:EEFT) last released its earnings results 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 analyst estimates of $609.53 million. Euronet Worldwide had a return on equity of 22.41% and a net margin of 6.97%. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. equities analysts expect that Euronet Worldwide will post 5 earnings per share for the current year.
In related 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 transaction of $27,232.00. Following the completion of the sale, the chief executive officer now directly owns 550 shares in the company, valued at $50,600. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael J. Brown sold 20,000 shares of the stock in a transaction 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 owns 1,522,348 shares of the company’s stock, valued at $138,868,584.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,297 shares of company stock valued at $7,700,404. 7.70% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Euronet Worldwide by 7.3% during the second 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. Campbell Newman Asset Management Inc. raised its holdings in Euronet Worldwide by 22.3% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 4,009 shares of the business services provider’s stock valued at $338,000 after buying an additional 732 shares in the last quarter. FDx Advisors Inc. raised its holdings in Euronet Worldwide by 5.1% during the fourth quarter. FDx Advisors Inc. now owns 15,514 shares of the business services provider’s stock valued at $1,307,000 after buying an additional 751 shares in the last quarter. Cambiar Investors LLC raised its holdings in Euronet Worldwide by 1.8% during the third quarter. Cambiar Investors LLC now owns 44,460 shares of the business services provider’s stock valued at $4,214,000 after buying an additional 785 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings in Euronet Worldwide by 22.8% during the third quarter. Macquarie Group Ltd. now owns 4,250 shares of the business services provider’s stock valued at $403,000 after buying an additional 788 shares in the last quarter. Institutional investors and hedge funds own 96.43% 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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