SunTrust Banks Weighs in on Euronet Worldwide, Inc.’s Q2 2019 Earnings (EEFT)

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Euronet Worldwide, Inc. (NASDAQ:EEFT) – Research analysts at SunTrust Banks increased their Q2 2019 earnings estimates for Euronet Worldwide in a research report issued to clients and investors on Tuesday, April 30th. SunTrust Banks analyst A. Jeffrey now anticipates that the business services provider will post earnings of $1.64 per share for the quarter, up from their prior estimate of $1.49. SunTrust Banks currently has a “Buy” rating and a $145.00 price target on the stock. SunTrust Banks also issued estimates for Euronet Worldwide’s Q4 2019 earnings at $1.54 EPS.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Monday, April 29th. The business services provider reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.02. The company had revenue of $577.50 million for the quarter, compared to analyst estimates of $602.73 million. Euronet Worldwide had a net margin of 9.40% and a return on equity of 25.51%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $0.73 earnings per share.

EEFT has been the topic of several other reports. Zacks Investment Research downgraded shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Friday, February 1st. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 16th. Piper Jaffray Companies increased their price objective on shares of Euronet Worldwide to $159.00 in a report on Tuesday, March 5th. DA Davidson increased their price objective on shares of Euronet Worldwide to $160.00 and gave the company a “reduce” rating in a report on Tuesday, March 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective (up from $135.00) on shares of Euronet Worldwide in a report on Monday, February 11th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $145.88.

EEFT stock opened at $148.16 on Friday. The firm has a market cap of $7.78 billion, a P/E ratio of 27.90, a PEG ratio of 1.69 and a beta of 1.27. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. Euronet Worldwide has a one year low of $78.11 and a one year high of $152.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Morse Asset Management Inc lifted its holdings in Euronet Worldwide by 1.9% during the first quarter. Morse Asset Management Inc now owns 11,540 shares of the business services provider’s stock valued at $1,645,000 after purchasing an additional 210 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Euronet Worldwide by 8.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 200,147 shares of the business services provider’s stock valued at $28,539,000 after purchasing an additional 15,147 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of Euronet Worldwide in the first quarter worth about $229,000. Montag A & Associates Inc. lifted its stake in shares of Euronet Worldwide by 668.5% in the first quarter. Montag A & Associates Inc. now owns 21,749 shares of the business services provider’s stock worth $3,101,000 after buying an additional 18,919 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new position in shares of Euronet Worldwide in the first quarter worth about $415,000.

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's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.

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Earnings History and Estimates for Euronet Worldwide (NASDAQ:EEFT)

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