Analysts Anticipate Euronet Worldwide, Inc. (NASDAQ:EEFT) to Post $2.74 Earnings Per Share

Share on StockTwits

Brokerages expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to announce earnings of $2.74 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Euronet Worldwide’s earnings, with the lowest EPS estimate coming in at $2.72 and the highest estimate coming in at $2.78. Euronet Worldwide reported earnings of $2.09 per share in the same quarter last year, which indicates a positive year over year growth rate of 31.1%. The business is scheduled to issue its next earnings results on Thursday, October 17th.

According to Zacks, analysts expect that Euronet Worldwide will report full-year earnings of $6.67 per share for the current financial year, with EPS estimates ranging from $6.60 to $6.74. For the next year, analysts forecast that the company will post earnings of $7.79 per share, with EPS estimates ranging from $7.68 to $7.87. Zacks’ EPS averages are an average based on a survey of analysts that cover Euronet Worldwide.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $1.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.63 by ($0.04). Euronet Worldwide had a net margin of 10.08% and a return on equity of 24.94%. The firm had revenue of $691.90 million for the quarter, compared to analysts’ expectations of $691.90 million.

Several equities analysts recently issued reports on EEFT shares. Wolfe Research started coverage on Euronet Worldwide in a research report on Wednesday, July 31st. They set an “outperform” rating and a $200.00 price target on the stock. BidaskClub lowered Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. DA Davidson lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $161.20 price target on the stock. in a research report on Thursday, June 13th. They noted that the move was a valuation call. ValuEngine lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Citigroup raised their price target on Euronet Worldwide from $168.00 to $189.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $165.40.

In other news, CEO Juan Bianchi sold 20,994 shares of Euronet Worldwide stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $152.51, for a total value of $3,201,794.94. Following the sale, the chief executive officer now directly owns 20,994 shares in the company, valued at approximately $3,201,794.94. The sale was disclosed in a filing with the SEC, which is available through this link. 6.40% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. bought a new stake in shares of Euronet Worldwide during the second quarter valued at approximately $41,000. Meridian Wealth Management LLC purchased a new position in Euronet Worldwide during the first quarter valued at $43,000. Schroder Investment Management Group purchased a new position in Euronet Worldwide during the second quarter valued at $102,000. Tortoise Index Solutions LLC purchased a new position in Euronet Worldwide during the first quarter valued at $105,000. Finally, Flagship Harbor Advisors LLC raised its stake in Euronet Worldwide by 144.9% during the second quarter. Flagship Harbor Advisors LLC now owns 786 shares of the business services provider’s stock valued at $132,000 after buying an additional 465 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

EEFT traded down $0.87 on Friday, hitting $143.73. 690,914 shares of the company were exchanged, compared to its average volume of 372,011. The firm has a fifty day simple moving average of $152.34 and a two-hundred day simple moving average of $151.77. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.82 and a current ratio of 1.82. Euronet Worldwide has a 12 month low of $91.78 and a 12 month high of $171.25. The stock has a market capitalization of $7.88 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16.

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.

Featured Story: Day Trading

Get a free copy of the Zacks research report on Euronet Worldwide (EEFT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Euronet Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.