Euronet Worldwide (EEFT) Set to Announce Quarterly Earnings on Wednesday

Euronet Worldwide (NASDAQ:EEFT) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.34. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. The company had revenue of $957.70 million during the quarter, compared to analysts’ expectations of $844.59 million. During the same quarter in the previous year, the business earned $1.12 EPS. Euronet Worldwide’s revenue was up 10.6% compared to the same quarter last year. On average, analysts expect Euronet Worldwide to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Euronet Worldwide Stock Performance

EEFT stock opened at $104.65 on Tuesday. Euronet Worldwide has a twelve month low of $73.84 and a twelve month high of $121.55. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 18.96 and a beta of 1.39. The business’s fifty day simple moving average is $107.44 and its two-hundred day simple moving average is $97.89. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37.

Analysts Set New Price Targets

EEFT has been the topic of a number of research analyst reports. Stephens upgraded shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a research note on Thursday, February 1st. Evercore ISI increased their price objective on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Citigroup raised Euronet Worldwide from a “neutral” rating to a “buy” rating and lifted their target price for the company from $116.00 to $120.00 in a research report on Monday, April 22nd. DA Davidson reiterated a “buy” rating and issued a $126.00 target price on shares of Euronet Worldwide in a report on Monday, April 15th. Finally, Monness Crespi & Hardt assumed coverage on shares of Euronet Worldwide in a report on Wednesday, March 20th. They set a “buy” rating and a $140.00 target price on the stock. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $120.75.

Euronet Worldwide Company Profile

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.