FY2024 Earnings Estimate for Euronet Worldwide, Inc. (NASDAQ:EEFT) Issued By Northland Capmk

Euronet Worldwide, Inc. (NASDAQ:EEFT) – Research analysts at Northland Capmk lowered their FY2024 earnings per share estimates for shares of Euronet Worldwide in a research note issued to investors on Thursday, September 12th. Northland Capmk analyst M. Grondahl now anticipates that the business services provider will post earnings per share of $7.66 for the year, down from their previous estimate of $7.73. The consensus estimate for Euronet Worldwide’s current full-year earnings is $7.88 per share.

A number of other research analysts have also issued reports on the stock. Citigroup increased their target price on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Monness Crespi & Hardt boosted their target price on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Euronet Worldwide in a research report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.11.

Euronet Worldwide Price Performance

NASDAQ:EEFT opened at $99.81 on Monday. Euronet Worldwide has a 52 week low of $73.84 and a 52 week high of $117.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s 50-day simple moving average is $101.42 and its 200 day simple moving average is $106.30. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 17.55 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.21. The firm had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.84 EPS.

Insider Activity

In related news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now directly owns 12,440 shares in the company, valued at approximately $1,276,095.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Thomas A. Mcdonnell purchased 3,206 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the acquisition, the director now owns 90,000 shares in the company, valued at $8,447,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the transaction, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. The disclosure for this sale can be found here. Insiders own 10.50% of the company’s stock.

Hedge Funds Weigh In On Euronet Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of EEFT. Quadrant Capital Group LLC lifted its stake in shares of Euronet Worldwide by 242.7% in the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 250 shares during the period. Headlands Technologies LLC acquired a new position in shares of Euronet Worldwide during the 1st quarter valued at $50,000. Summit Securities Group LLC bought a new position in Euronet Worldwide during the second quarter worth $57,000. Covestor Ltd grew its holdings in Euronet Worldwide by 174.9% in the first quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after purchasing an additional 348 shares during the period. Finally, GAMMA Investing LLC increased its stake in Euronet Worldwide by 69.5% in the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

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.