Euronet Worldwide (NASDAQ:EEFT) Posts Earnings Results, Beats Expectations By $0.11 EPS

Euronet Worldwide (NASDAQ:EEFT) released its quarterly earnings data on Wednesday. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11, Briefing.com reports. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company earned $2.53 EPS.

Euronet Worldwide Trading Down 1.7 %

Shares of NASDAQ:EEFT traded down $1.76 during midday trading on Friday, reaching $100.50. The company’s stock had a trading volume of 369,882 shares, compared to its average volume of 305,932. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 18.00 and a beta of 1.46. Euronet Worldwide has a fifty-two week low of $75.41 and a fifty-two week high of $117.66. The firm has a 50 day moving average price of $100.47 and a two-hundred day moving average price of $104.32. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EEFT. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Monness Crespi & Hardt lifted their price target on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $118.00 to $110.00 in a research note on Friday, October 18th. DA Davidson reiterated a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Finally, Oppenheimer initiated coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 price target for the company. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $125.38.

Insider Transactions at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell purchased 3,206 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $93.86 per share, with a total value of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Thomas A. Mcdonnell purchased 3,206 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $93.86 per share, with a total value of $300,915.16. Following the purchase, the director now owns 90,000 shares in the company, valued at $8,447,400. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 10.50% 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.