Euronet Worldwide (NASDAQ:EEFT) has earned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $109.43.
EEFT has been the topic of a number of research reports. BidaskClub lowered Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. DA Davidson increased their target price on Euronet Worldwide to $118.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Zacks Investment Research raised Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Lake Street Capital increased their target price on Euronet Worldwide from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, ValuEngine lowered Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th.
In other news, CEO Michael J. Brown sold 20,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $85.40, for a total value of $1,708,000.00. Following the completion of the sale, the chief executive officer now owns 1,462,348 shares of the company’s stock, valued at $124,884,519.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin J. Caponecchi sold 60,889 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $82.00, for a total value of $4,992,898.00. The disclosure for this sale can be found here. Insiders sold 100,889 shares of company stock valued at $8,380,698 over the last quarter. Corporate insiders own 7.70% of the company’s stock.
Several hedge funds have recently modified their holdings of EEFT. American International Group Inc. acquired a new stake in shares of Euronet Worldwide in the fourth quarter valued at about $100,000. Delpha Capital Management LLC acquired a new stake in Euronet Worldwide during the fourth quarter worth approximately $101,000. FNY Managed Accounts LLC acquired a new stake in Euronet Worldwide during the fourth quarter worth approximately $126,000. Psagot Investment House Ltd. acquired a new stake in Euronet Worldwide during the first quarter worth approximately $142,000. Finally, Fiduciary Trust Co. acquired a new stake in Euronet Worldwide during the first quarter worth approximately $211,000.
NASDAQ EEFT traded down $0.24 on Tuesday, reaching $82.01. The stock had a trading volume of 249,076 shares, compared to its average volume of 651,424. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.42 and a quick ratio of 1.42. Euronet Worldwide has a 1-year low of $70.67 and a 1-year high of $101.07. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 1.09 and a beta of 1.48.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, April 25th. The business services provider reported $0.73 EPS for the quarter, meeting analysts’ consensus estimates of $0.73. Euronet Worldwide had a return on equity of 20.77% and a net margin of 6.66%. The firm had revenue of $550.50 million for the quarter, compared to analyst estimates of $535.93 million. During the same period in the prior year, the firm posted $0.73 EPS. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. equities analysts anticipate that Euronet Worldwide will post 5.03 earnings per share for the current fiscal year.
About Euronet Worldwide
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.
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