Analysts Expect Euronet Worldwide, Inc. (EEFT) Will Announce Earnings of $0.73 Per Share

Brokerages forecast that Euronet Worldwide, Inc. (NASDAQ:EEFT) will post $0.73 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Euronet Worldwide’s earnings, with estimates ranging from $0.72 to $0.73. Euronet Worldwide also reported earnings per share of $0.73 during the same quarter last year. The company is scheduled to report its next quarterly earnings results before the market opens on Tuesday, April 24th.

On average, analysts expect that Euronet Worldwide will report full year earnings of $5.20 per share for the current year, with EPS estimates ranging from $5.10 to $5.31. For the next fiscal year, analysts forecast that the company will post earnings of $5.93 per share, with EPS estimates ranging from $5.75 to $6.07. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Euronet Worldwide.

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Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. Euronet Worldwide had a return on equity of 21.76% and a net margin of 6.97%. The company had revenue of $604.60 million during the quarter, compared to analyst estimates of $609.53 million. During the same quarter in the previous year, the company posted $0.99 EPS. Euronet Worldwide’s revenue for the quarter was up 16.3% on a year-over-year basis.

A number of research firms have recently weighed in on EEFT. BidaskClub raised Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, March 17th. Lake Street Capital boosted their target price on Euronet Worldwide from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. DA Davidson upped their price target on Euronet Worldwide to $118.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. ValuEngine lowered Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. Finally, William Blair lowered Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $111.71.

In other Euronet Worldwide news, CEO Michael J. Brown sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $85.40, for a total transaction of $1,708,000.00. Following the completion of the transaction, the chief executive officer now owns 1,462,348 shares of the company’s stock, valued at approximately $124,884,519.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 80,000 shares of company stock valued at $6,804,800 in the last ninety days. 7.70% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 116 shares during the last quarter. Campbell Newman Asset Management Inc. grew its holdings in shares of Euronet Worldwide by 22.3% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 4,009 shares of the business services provider’s stock worth $338,000 after acquiring an additional 732 shares during the period. FDx Advisors Inc. grew its holdings in shares of Euronet Worldwide by 5.1% during the 4th quarter. FDx Advisors Inc. now owns 15,514 shares of the business services provider’s stock worth $1,307,000 after acquiring an additional 751 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Euronet Worldwide by 22.8% during the 3rd quarter. Macquarie Group Ltd. now owns 4,250 shares of the business services provider’s stock worth $403,000 after acquiring an additional 788 shares during the period. Finally, Verition Fund Management LLC grew its holdings in shares of Euronet Worldwide by 16.0% during the 4th quarter. Verition Fund Management LLC now owns 6,208 shares of the business services provider’s stock worth $523,000 after acquiring an additional 856 shares during the period.

NASDAQ EEFT opened at $75.58 on Friday. Euronet Worldwide has a 1-year low of $70.67 and a 1-year high of $101.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 1.27. The stock has a market capitalization of $3,857.49, a PE ratio of 17.41, a P/E/G ratio of 1.00 and a beta of 1.50.

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About Euronet Worldwide

Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

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