Euronet Worldwide (EEFT) Downgraded by ValuEngine to Sell

ValuEngine lowered shares of Euronet Worldwide (NASDAQ:EEFT) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

A number of other equities research analysts have also commented on the stock. William Blair lowered shares of Euronet Worldwide from an outperform rating to a market perform rating in a research note on Monday, December 18th. Zacks Investment Research lowered shares of Euronet Worldwide from a hold rating to a sell rating in a research note on Monday, December 25th. BidaskClub raised shares of Euronet Worldwide from a sell rating to a hold rating in a research note on Saturday, January 13th. DA Davidson upped 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. Finally, Goldman Sachs started coverage on shares of Euronet Worldwide in a research note on Thursday, December 14th. They issued a buy rating and a $110.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $111.71.

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EEFT opened at $71.24 on Wednesday. Euronet Worldwide has a fifty-two week low of $70.67 and a fifty-two week high of $101.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.27 and a current ratio of 1.34. The company has a market cap of $3,701.69, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 0.96 and a beta of 1.50.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.01. Euronet Worldwide had a net margin of 6.97% and a return on equity of 21.76%. The company had revenue of $604.60 million for the quarter, compared to analyst estimates of $609.53 million. During the same period in the prior year, the firm posted $0.99 EPS. The company’s quarterly revenue was up 16.3% on a year-over-year basis. equities research analysts forecast that Euronet Worldwide will post 5 EPS for the current fiscal year.

In related news, CEO Michael J. Brown sold 20,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $79.63, for a total transaction of $1,592,600.00. Following the transaction, the chief executive officer now owns 1,502,348 shares in the company, valued at approximately $119,631,971.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 80,000 shares of company stock worth $6,804,800. Insiders own 7.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in shares of Euronet Worldwide by 12.1% during the 4th quarter. Victory Capital Management Inc. now owns 2,712,984 shares of the business services provider’s stock valued at $228,623,000 after acquiring an additional 292,777 shares during the period. William Blair Investment Management LLC lifted its position in shares of Euronet Worldwide by 35.7% during the 4th quarter. William Blair Investment Management LLC now owns 1,198,180 shares of the business services provider’s stock valued at $100,971,000 after acquiring an additional 315,396 shares during the period. Wasatch Advisors Inc. lifted its position in shares of Euronet Worldwide by 14.5% during the 4th quarter. Wasatch Advisors Inc. now owns 874,298 shares of the business services provider’s stock valued at $73,677,000 after acquiring an additional 111,033 shares during the period. Millennium Management LLC lifted its position in shares of Euronet Worldwide by 376.3% during the 4th quarter. Millennium Management LLC now owns 652,525 shares of the business services provider’s stock valued at $54,988,000 after acquiring an additional 515,535 shares during the period. Finally, ArrowMark Colorado Holdings LLC lifted its position in shares of Euronet Worldwide by 19.0% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 564,541 shares of the business services provider’s stock valued at $47,574,000 after acquiring an additional 90,163 shares during the period.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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