Euronet Worldwide (EEFT) Scheduled to Post Earnings on Thursday

Euronet Worldwide (NASDAQ:EEFT) is set to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $2.92 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business had revenue of $986.20 million during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $1.84 EPS. Euronet Worldwide’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts expect Euronet Worldwide to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $97.54 on Tuesday. The firm’s 50 day moving average price is $100.53 and its two-hundred day moving average price is $104.44. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. Euronet Worldwide has a twelve month low of $75.41 and a twelve month high of $117.66. The firm has a market cap of $4.47 billion, a P/E ratio of 17.17 and a beta of 1.46.

Insider Activity at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell acquired 3,206 shares of Euronet Worldwide 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 transaction, the director now directly owns 90,000 shares in the company, valued at $8,447,400. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Thomas A. Mcdonnell acquired 3,206 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the transaction, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Juan Bianchi sold 4,000 shares of the company’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 transaction, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 10.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Monness Crespi & Hardt increased their price objective on Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Oppenheimer began coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price target for the company. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $118.00 to $110.00 in a research note on Friday. Finally, DA Davidson reissued a “buy” rating and issued a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.56.

About Euronet Worldwide

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.