Euronet Worldwide (NASDAQ:EEFT) Announces Quarterly Earnings Results

Euronet Worldwide (NASDAQ:EEFT) issued its quarterly earnings data on Wednesday. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11, Briefing.com reports. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company posted $2.53 earnings per share.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock traded down $1.76 on Friday, reaching $100.50. 399,843 shares of the stock were exchanged, compared to its average volume of 306,077. The firm has a market capitalization of $4.61 billion, a PE ratio of 18.00 and a beta of 1.46. Euronet Worldwide has a 1-year low of $75.41 and a 1-year high of $117.66. The business has a fifty day moving average price of $100.47 and a two-hundred day moving average price of $104.32. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EEFT shares. Oppenheimer started coverage on Euronet Worldwide in a research note on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price target on the stock. Needham & Company LLC cut their target price on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Monness Crespi & Hardt raised their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.38.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,206 shares of the company’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the transaction, the director now owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the transaction, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas A. Mcdonnell acquired 3,206 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the acquisition, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 10.50% of the stock is owned by insiders.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.