Euronet Worldwide (NASDAQ:EEFT) Issues Earnings Results

Euronet Worldwide (NASDAQ:EEFT) issued its quarterly earnings results on Wednesday. The business services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.23), Zacks reports. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock traded up $0.50 on Friday, hitting $104.41. The stock had a trading volume of 178,032 shares, compared to its average volume of 291,088. Euronet Worldwide has a 52-week low of $91.07 and a 52-week high of $117.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 0.77 and a beta of 1.43. The company’s 50 day moving average price is $100.80 and its 200 day moving average price is $100.85.

Insider Activity

In other news, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the sale, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the sale, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,910 shares of company stock valued at $8,780,102. Insiders own 10.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EEFT shares. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. Finally, StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

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.